Yealink Network Technology Co (300628) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 was ¥2.65 billion, down 0.64% year-over-year; net profit attributable to shareholders was ¥1.24 billion, down 8.84% year-over-year.

• International trade uncertainties and overseas capacity transition affected short-term business and shipments, but core business competitiveness and downstream demand remained solid.

• The company maintained high R&D investment, with a compound annual growth rate of 28% since 2017 and R&D expenses up 8.8% year-over-year.

• A cash dividend of ¥5 per 10 shares was proposed, totaling ¥633 million, representing 51.07% of net profit.

Financial highlights

• Operating income: ¥2,649,844,079.73, down 0.64% year-over-year.

• Net profit attributable to shareholders: ¥1,240,041,705.80, down 8.84% year-over-year.

• Operating cash flow: ¥954,198,460.02, down 14.29% year-over-year.

• Basic EPS: ¥0.9808, down 8.87% year-over-year.

• Gross margin for desktop communication terminals: 66.41%; for meeting products: 66.89%.

• Total assets at period end: ¥9,450,933,826.42, down 3.31% from year-end 2024.

• Net assets attributable to shareholders: ¥8,600,438,294.84, down 3.88% from year-end 2024.

Outlook and guidance

• The company will continue to focus on core technology innovation and global expansion to maintain product competitiveness and operational efficiency.

• No major changes in risk factors; reference is made to the 2024 annual report for detailed risk disclosures.