Unigroup Guoxin Microelectronics (002049) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue was RMB 1.03 billion, down 10.05% year-over-year; net profit attributable to shareholders was RMB 119 million, down 61.11% year-over-year.

• Cash flow from operating activities improved 20.10% year-over-year, but remained negative at -RMB 217 million.

• Total assets at quarter-end were RMB 17.17 billion, a slight decrease of 0.86% from the start of the year.

• Net profit decline mainly due to lower investment income and absence of last year's one-time gain from equity transfer.

Financial highlights

• Operating income: RMB 1.03 billion, down 10.05% year-over-year.

• Net profit attributable to shareholders: RMB 119 million, down 61.11% year-over-year.

• Basic and diluted EPS: RMB 0.1415, down 61.09% year-over-year.

• Operating cash flow: -RMB 217 million, improved 20.10% year-over-year.

• Total assets: RMB 17.17 billion; shareholders' equity: RMB 12.52 billion.

Outlook and guidance

• Special IC market remains in a phase of adjustment, with product prices and gross margin under pressure.

• Decline in revenue and profit for the special IC segment has narrowed year-over-year.