Guangdong Dowstone Technology (300409) Q3 2025 earnings summary

Executive summary

• Net profit attributable to shareholders surged 408.27% year-over-year in Q3 2025, with a 456.29% increase in adjusted net profit excluding non-recurring items.

• Revenue for Q3 2025 rose 18.84% year-over-year, but year-to-date revenue declined 1.79% compared to the same period last year.

• The company is actively expanding overseas copper and cobalt resources and focusing on AI for Science and solid-state battery materials.

Financial highlights

• Q3 2025 revenue: ¥2,347 million, up 18.84% year-over-year; year-to-date: ¥6,001 million, down 1.79%.

• Q3 net profit: ¥185.06 million, up 408.27% year-over-year; year-to-date: ¥415.45 million, up 182.45%.

• Adjusted net profit (excluding non-recurring items): Q3 ¥183.74 million, up 456.29% year-over-year.

• Basic and diluted EPS for Q3: ¥0.2437, up 280.19% year-over-year.

• Operating cash flow for Q3: ¥835.91 million, up 13.63% year-over-year.

Outlook and guidance

• The company will continue to expand overseas copper and cobalt resources and invest in AI for Science and solid-state battery materials.