Guangzhou Haige Communications Group Incorporated Company (002465) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 was ¥2.23 billion, down 13.97% year-over-year due to delayed contract signings and cyclical industry fluctuations.

• Net profit attributable to shareholders dropped 98.72% year-over-year to ¥2.51 million, with adjusted net profit (excluding non-recurring items) at -¥36.34 million.

• The company maintained high R&D investment, focusing on emerging areas such as chips, satellite internet, Beidou, unmanned systems, and 6G.

• No interim dividend, bonus shares, or capital increase from reserves was planned for the period.

Financial highlights

• Operating income: ¥2,229,454,022.83, down 13.97% year-over-year.

• Net profit attributable to shareholders: ¥2,513,763.85, down 98.72% year-over-year.

• Adjusted net profit (excluding non-recurring items): -¥36,336,269.35, down 133.77% year-over-year.

• Basic and diluted EPS: ¥0.0010, down 98.73% year-over-year.

• Operating cash flow: -¥532,252,918.15, improved 28.03% year-over-year.

• Gross margin for main business: 27.36%, down 4.76 percentage points year-over-year.

Outlook and guidance

• The company will continue to focus on innovation, international expansion, and new market development, especially in AI militarization, satellite internet, and low-altitude economy.

• Strategic cooperation with China Mobile is expected to drive further growth in Beidou, satellite IoT, and low-altitude infrastructure.