BOE Technology Group Company (000725) Q3 2025 earnings summary

Executive summary

• Operating revenue for Q1–Q3 2025 reached RMB 154.55 billion, up 7.53% year-over-year, with Q3 revenue at RMB 53.27 billion, up 5.81% year-over-year.

• Net profit attributable to shareholders for Q1–Q3 2025 was RMB 4.60 billion, a 39.03% increase year-over-year.

• Basic and diluted EPS for Q1–Q3 2025 were both RMB 0.12, up 33.33% year-over-year.

Financial highlights

• Gross margin improved as cost of sales grew slower than revenue; operating profit for Q1–Q3 2025 was RMB 5.96 billion, up from RMB 2.78 billion in the prior year.

• Net cash from operating activities for Q1–Q3 2025 was RMB 36.77 billion, up 8.58% year-over-year.

• Total assets as of 30 September 2025 were RMB 430.75 billion, up 0.18% from year-end 2024.

• Equity attributable to shareholders stood at RMB 133.79 billion, up 0.64% from year-end 2024.

• Weighted average ROE for Q1–Q3 2025 was 3.46%, up from 0.93% in the prior year.

Outlook and guidance

• Increased investment in new construction projects and equity interests in associates signals ongoing expansion.