Will Semiconductor (603501) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 6.47 billion, up 14.68% year-over-year, driven by product expansion in high-end smartphones and automotive intelligence sectors.

• Net profit attributable to shareholders was RMB 865.97 million, a 55.25% increase compared to the same period last year.

• Gross profit margin improved to 31.03%, up 3.14 percentage points year-over-year and 2.05 percentage points sequentially.

Financial highlights

• Net profit after deducting non-recurring items was RMB 848.30 million, up 49.88% year-over-year.

• Basic and diluted EPS both rose to RMB 0.72, a 56.52% increase year-over-year.

• Net cash flow from operating activities was RMB 1.10 billion, slightly down 1.12% year-over-year.

• Total assets at quarter-end were RMB 40.39 billion, up 3.65% from year-end 2024.

• Owner's equity attributable to shareholders increased to RMB 25.23 billion.

Outlook and guidance

• Growth attributed to market opportunities in high-end smartphones and automotive intelligence, with continued focus on optimizing product structure and supply chain efficiency.