Unisplendour (000938) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 reached ¥47.42 billion, up 24.96% year-over-year, with net profit attributable to shareholders at ¥1.04 billion, up 4.05% year-over-year.

• ICT infrastructure and services accounted for 76% of revenue, growing 37.80% year-over-year.

• The company continued to invest in AI, digital transformation, and cloud, launching new products and expanding both domestic and international markets.

• Subsidiary H3C achieved revenue of ¥36.4 billion and net profit of ¥1.85 billion in H1 2025.

Financial highlights

• Operating income: ¥47.42 billion, up 24.96% year-over-year.

• Net profit attributable to shareholders: ¥1.04 billion, up 4.05% year-over-year.

• Net profit excluding non-recurring items: ¥1.12 billion, up 25.10% year-over-year.

• Operating cash flow: -¥2.82 billion, improved by 12.53% year-over-year.

• Basic and diluted EPS: ¥0.3639, up 4.05% year-over-year.

• Gross margin: 15.24%, down 3.80 percentage points year-over-year.

Outlook and guidance

• The company expects continued growth in digital transformation, AI, and cloud services, leveraging strong market demand and government policy support.

• Focus remains on innovation, expanding product lines, and deepening industry applications.