Hoshine Silicon Industry (603260) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 was RMB 9.78 billion, down 26.34% year-over-year due to lower product prices and demand fluctuations.

• Net loss attributable to shareholders was RMB -397 million, a decrease of 140.60% compared to the same period last year.

• Cash flow from operating activities increased significantly to RMB 3.52 billion, mainly from inventory clearance and cost reduction.

• The company maintained its leading position in the silicon-based materials industry, with ongoing investments in R&D and production capacity.

Financial highlights

• Operating income: RMB 9.78 billion, down 26.34% year-over-year.

• Net profit attributable to shareholders: RMB -397 million, down 140.60% year-over-year.

• Basic and diluted EPS: RMB -0.34, compared to RMB 0.83 last year.

• Gross margin and net margin declined sharply due to falling product prices and inventory write-downs.

• Cash flow from operations: RMB 3.52 billion, up 1,987.93% year-over-year.

Outlook and guidance

• The company expects gradual recovery in demand for silicon-based materials, supported by new applications in emerging industries.

• Risks remain from global economic uncertainty, trade policies, and raw material price volatility.

• Ongoing focus on cost control, R&D, and digital transformation to enhance competitiveness.