Thunder Software Technology (300496) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached ¥1.85 billion, up 42.87% year-over-year; net income attributable to shareholders was ¥70.57 million, up 48.26% year-over-year.

• Year-to-date revenue totaled ¥5.15 billion, a 39.34% increase from the same period last year; net income attributable to shareholders was ¥229.04 million, up 50.72% year-over-year.

• Growth was primarily driven by the consolidation of newly acquired subsidiaries and increased contract fulfillment.

Financial highlights

• Operating cash flow for Q3 was ¥401.14 million, down 13.70% year-over-year.

• Basic EPS for Q3 was ¥0.1536, up 48.12% year-over-year; diluted EPS was ¥0.1527, up 48.40%.

• Gross margin and operating profit improved, with total assets at ¥13.19 billion, up 5.49% from year-end 2024.

• Non-recurring gains (mainly government subsidies) contributed ¥6.95 million in Q3 and ¥29.12 million year-to-date.

Outlook and guidance

• Management expects continued revenue and profit growth, supported by increased R&D investment and expanded project delivery.