Hoshine Silicon Industry (603260) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached RMB 5.23 billion, down 3.47% year-over-year; net profit attributable to shareholders was RMB 259.66 million, down 50.81% year-over-year.

• Net profit decline mainly due to lower product sales prices.

• Cash flow from operating activities turned positive at RMB 1.65 billion, compared to negative RMB 2.59 billion in Q1 2024.

Financial highlights

• Revenue: RMB 5.23 billion (down 3.47% YoY); Net profit: RMB 259.66 million (down 50.81% YoY).

• EPS: RMB 0.22 (down 51.11% YoY); Weighted average ROE: 0.79% (down 0.84 percentage points YoY).

• Net cash from operating activities: RMB 1.65 billion (Q1 2024: -RMB 2.59 billion).

• Adjusted net profit (excluding non-recurring items): RMB 215.67 million, down 58.49% YoY.

Outlook and guidance

• Management attributes profit decline to lower product prices and expects continued focus on operational efficiency.