Yangzhou Yangjie Electronic Technology (300373) Q4 2025 earnings summary

Executive summary

• Revenue reached ¥7.13 billion in 2025, up 18.18% year-over-year, with net profit attributable to shareholders at ¥1.26 billion, up 25.55%.

• Strong growth in automotive electronics, AI, and clean energy sectors drove order and shipment increases.

• Overseas expansion accelerated, with the Vietnam packaging plant in mass production and a new 6-inch wafer fab under construction.

• R&D investment increased, with significant progress in SiC, IGBT, and MOSFET product platforms.

Financial highlights

• Operating income: ¥7.13 billion, up 18.18% year-over-year.

• Net profit attributable to shareholders: ¥1.26 billion, up 25.55% year-over-year.

• Gross margin: 34.3%, up 1.1 percentage points year-over-year.

• Basic and diluted EPS: ¥2.33, up 25.95% year-over-year.

• Operating cash flow: ¥1.70 billion, up 22.36% year-over-year.

• R&D expenses: ¥471 million, 6.61% of revenue.

Outlook and guidance

• 2026 focus on R&D for automotive, AI, and clean energy, with new product launches in SiC, IGBT, and MOSFET.

• Overseas wafer fab in Vietnam expected to start production in Q1 2027.

• Continued global expansion, targeting increased sales in automotive, industrial automation, and AI data centers.