Wuhan Guide Infrared (002414) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months reached ¥3.07 billion, up 69.27% year-over-year, driven by resumed deliveries of delayed model projects and strong growth in civilian infrared chip applications.

• Net profit attributable to shareholders was ¥581.94 million, a 1,143.72% increase year-over-year, with basic EPS at ¥0.1363.

• Operating cash flow turned positive at ¥1.41 billion, compared to a negative ¥26.24 million in the prior year period.

Financial highlights

• Gross margin improved as cost increases lagged revenue growth due to scale effects.

• Non-recurring gains included ¥46.38 million from government grants and investment returns.

• Significant increase in income tax expense, up 335.32% year-over-year.

Outlook and guidance

• Strong demand in both military and civilian sectors, especially for infrared chip applications, is expected to continue supporting revenue growth.