Western Superconducting Technologies (688122) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 reached ¥2.72 billion, up 34.76% year-over-year, with net profit attributable to shareholders at ¥546 million, up 56.72%.

• All three core business segments—superconducting products, high-end titanium alloys, and high-performance superalloys—achieved strong growth, with superconducting products up 65.75%, titanium alloys up 22.06%, and high-temperature alloys up 56.68% year-over-year.

• The company continued to invest in R&D, maintaining a high level of innovation and technical leadership, and received multiple national and provincial awards.

• Cash flow from operating activities increased 77.73% year-over-year to ¥204 million, driven by higher sales collections.

Financial highlights

• Operating income: ¥2.72 billion, up 34.76% year-over-year.

• Net profit attributable to shareholders: ¥546 million, up 56.72% year-over-year.

• Gross margin improved due to increased product sales and higher profitability.

• Basic and diluted EPS: ¥0.8407, up 56.73% year-over-year.

• Cash flow from operations: ¥204 million, up 77.73% year-over-year.

• Total assets at June 30, 2025: ¥14.71 billion, up 8.09% from year-end 2024.

Outlook and guidance

• The company is accelerating digital and intelligent manufacturing upgrades and expects continued growth in all major business lines.

• Focus remains on expanding domestic and international markets, maintaining R&D leadership, and supporting national strategic needs.