Lens Technology (300433) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached RMB 17.06 billion, up 10.10% year-over-year, driven by growth in smartphone and computer segments.

• Net profit attributable to shareholders was RMB 428.88 million, a 38.71% increase year-over-year.

• Operating cash flow improved 29.59% year-over-year to RMB 2.63 billion.

Financial highlights

• Gross margin improved as revenue growth outpaced cost increases; R&D expenses rose 37.73% due to new projects.

• Basic EPS was RMB 0.0866, up 39.23% year-over-year.

• Total assets at quarter-end were RMB 79.14 billion, down 2.31% from year-end 2024.

• Net profit excluding non-recurring items was RMB 235.07 million, up 60.99% year-over-year.

Outlook and guidance

• Revenue growth attributed to increased demand in smartphone and computer businesses.

• Continued investment in R&D for new products and fields expected to support future growth.