Canny Elevator (002367) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of 2025 was ¥1.86 billion, nearly flat year-over-year, with net profit attributable to shareholders at ¥179.85 million, up 2.3% from the prior year.

• Gross margin remained stable, while operating profit and net profit saw modest increases despite a challenging market.

• Cash and cash equivalents decreased by 30.7% from year-end 2024, mainly due to increased investments in wealth management products and dividend payouts.

Financial highlights

• Operating income for H1 2025 was ¥1.86 billion, with operating costs at ¥1.31 billion, resulting in a gross margin of 29.5%.

• Net profit attributable to shareholders was ¥179.85 million, up from ¥175.83 million in H1 2024.

• Basic and diluted EPS were both ¥0.2254, compared to ¥0.2204 in the prior year.

• Cash flow from operations was ¥99.44 million, a significant improvement from a negative ¥143.53 million in H1 2024.

• Total assets at June 30, 2025, were ¥7.22 billion, with total equity of ¥3.49 billion.

Outlook and guidance

• Management expects stable operations for the remainder of 2025, citing sufficient liquidity and ongoing cost controls.

• No formal quantitative guidance was provided, but the company highlighted continued focus on R&D and market expansion.