Will Semiconductor (603501) Q3 2025 earnings summary

Executive summary

• Revenue for the first three quarters of 2025 reached RMB 21.78 billion, up 36.07% year-over-year, driven by market expansion in intelligent driving and imaging applications.

• Net profit attributable to shareholders for the same period was RMB 3.21 billion, a 35.15% increase year-over-year.

• Gross profit margin improved due to product mix optimization and supply chain restructuring.

Financial highlights

• Q3 revenue: RMB 7.83 billion, up 14.81% compared to Q3 last year.

• Q3 net profit attributable to shareholders: RMB 1.18 billion, up 17.26% year-over-year.

• Basic EPS for Q3: RMB 0.98, up 16.67% year-over-year; YTD basic EPS: RMB 2.67, up 34.85%.

• Net cash flow from operating activities for the first three quarters: RMB 2.68 billion, down 17.54% year-over-year.

• Total assets at period end: RMB 44.21 billion, up 13.46% from prior year-end.

Outlook and guidance

• Growth attributed to seizing market opportunities in automotive intelligent driving and expansion in intelligent terminal imaging.

• Continued focus on product structure optimization and supply chain improvements to sustain margin gains.