Tongfu Microelectronics (002156) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 6.09 billion, up 15.34% year-over-year, with net profit attributable to shareholders at RMB 101.39 million, a 2.94% increase compared to the same quarter last year.

• Operating cash flow surged 84.53% year-over-year to RMB 1.46 billion, reflecting improved collections and business activity.

• EBITDA for Q1 2025 was RMB 1.154 billion, up 7.85% year-over-year.

Financial highlights

• Revenue: RMB 6.09 billion, up 15.34% year-over-year.

• Net profit attributable to shareholders: RMB 101.39 million, up 2.94% year-over-year.

• Adjusted net profit (excluding non-recurring items): RMB 104.15 million, up 10.19% year-over-year.

• Operating cash flow: RMB 1.46 billion, up 84.53% year-over-year.

• Basic and diluted EPS: RMB 0.0668, up from RMB 0.0650 year-over-year.

Segment performance

• Operating profit rose to RMB 205.99 million, up 63.03% year-over-year, driven by market demand recovery and business strategy adjustments.

• R&D expenses increased to RMB 367.36 million, up from RMB 285.65 million year-over-year.