Victory Giant Technology (HuiZhou) (300476) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached RMB 4.31 billion, up 80.31% year-over-year, with net profit attributable to shareholders at RMB 920.65 million, up 339.22%.

• Operating performance hit record highs, driven by strong demand in AI and data center sectors, leveraging R&D and manufacturing strengths.

Financial highlights

• Operating income: RMB 4.31 billion, up 80.31% year-over-year.

• Net profit attributable to shareholders: RMB 920.65 million, up 339.22% year-over-year.

• Operating cash flow: RMB 423.86 million, up 134.60% year-over-year.

• Basic and diluted EPS: RMB 1.07, up 345.83% year-over-year.

• Total assets at period end: RMB 20.92 billion, up 9.12% from year-end 2024.

Outlook and guidance

• Q2 2025 net profit expected to grow at least 30% sequentially; H1 2025 net profit to increase over 360% year-over-year.

• Forecasts based on current order situation; actual results may differ.