Shenzhen Goodix Technology (603160) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue was RMB 1.06 billion, down 12.64% year-over-year due to changes in end-customer stocking rhythm.

• Net profit attributable to shareholders rose 20.29% year-over-year to RMB 195 million, mainly from increased investment income.

• Basic EPS increased 22.86% to RMB 0.43; diluted EPS up 20% to RMB 0.42.

Financial highlights

• Operating cash flow decreased 16.94% year-over-year to RMB 183 million, reflecting lower cash from sales and services.

• Total assets at quarter-end were RMB 10.42 billion, up 1.15% from year-end 2024.

• Shareholders’ equity increased 2.87% to RMB 8.97 billion.

• Gross margin improved as cost of sales fell faster than revenue; operating costs down 14.6% year-over-year.

Key financial ratios and metrics

• Weighted average ROE for Q1 2025 was 2.21%, up 0.22 percentage points year-over-year.

• Net margin improved due to higher investment income and lower costs.