Yealink Network Technology Co (300628) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached RMB 1.205 billion, up 3.57% year-over-year; net profit attributable to shareholders was RMB 562 million, down 1.15% year-over-year.

• Operating cash flow increased 33.24% year-over-year to RMB 442 million.

• Total assets grew 4.04% from year-end 2024 to RMB 10.17 billion; shareholders' equity rose 6.28% to RMB 9.51 billion.

Financial highlights

• Revenue: RMB 1,205,153,306.39 (up 3.57% year-over-year).

• Net profit attributable to shareholders: RMB 562,063,844.36 (down 1.15% year-over-year).

• Adjusted net profit (excluding non-recurring items): RMB 530,973,783.81 (up 2.17% year-over-year).

• Basic EPS: RMB 0.4447 (down 1.16% year-over-year).

• Operating cash flow: RMB 441,642,297.25 (up 33.24% year-over-year).

Key financial ratios and metrics

• Gross margin: 64.5% (calculated from revenue and cost of sales).

• Weighted average ROE: 6.09% (down 0.67 percentage points year-over-year).

• Total assets: RMB 10,168,934,681.97 (up 4.04% from year-end 2024).

• Shareholders' equity: RMB 9,509,730,883.52 (up 6.28% from year-end 2024).