Beijing Easpring Material Technology (300073) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached ¥2.97 billion, up 49.54% year-over-year; YTD revenue was ¥7.40 billion, up 33.92% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥191.64 million, up 8.02% year-over-year; YTD net profit was ¥502.80 million, up 8.30% year-over-year.

• Excluding non-recurring items, Q3 net profit was ¥135.89 million, up 29.36% year-over-year; YTD was ¥387.13 million, up 20.38% year-over-year.

Financial highlights

• Gross margin improved as revenue growth outpaced cost increases; YTD operating income rose with higher product sales.

• Basic and diluted EPS for Q3 were ¥0.3521, up 0.51% year-over-year; YTD EPS was ¥0.9686, up 5.67%.

• Total assets at Q3-end were ¥20.31 billion, up 18.61% from year-end 2024.

• Net cash from operating activities for YTD was ¥729.72 million, down 36.65% year-over-year.

Outlook and guidance

• Management expects continued revenue growth driven by increased product sales and capacity expansion.

• Ongoing investment in European materials base and R&D to support future growth.