Wus Printed Circuit (Kunshan) Co. (002463) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 4.04 billion, up 56.25% year-over-year, driven by demand in high-speed computing and AI sectors.

• Net profit attributable to shareholders was RMB 762.47 million, a 48.11% increase compared to the same quarter last year.

• Operating cash flow rose 59.25% year-over-year to RMB 1.42 billion.

Financial highlights

• Gross margin improved as revenue growth outpaced cost increases; gross profit margin was approximately 32.7%.

• Basic EPS was RMB 0.3969, up 47.33% year-over-year.

• Total assets at quarter-end were RMB 23.02 billion, up 8.7% from year-end 2024.

• Return on equity (ROE) increased by 1.1 percentage points to 6.22%.

Key financial ratios and metrics

• Net profit margin for Q1 2025 was approximately 18.9%.

• Operating margin improved due to strong revenue growth and controlled expenses.

• Cash and cash equivalents at quarter-end were RMB 3.23 billion, up 109.56% from year-end 2024.