Wus Printed Circuit (Kunshan) Co. (002463) Q3 2025 earnings summary

Executive summary

• Revenue for the first three quarters reached ¥13.51 billion, up 49.96% year-over-year, driven by strong demand in high-speed computing and AI sectors.

• Net profit attributable to shareholders was ¥2.72 billion, a 47.03% increase year-over-year.

• Operating cash flow rose 55.63% year-over-year to ¥2.90 billion, reflecting robust business expansion.

Financial highlights

• Gross margin remained strong as revenue and cost of sales both increased by about 50% year-over-year.

• Basic EPS for the first three quarters was ¥1.4134, up 46.28% year-over-year.

• Total assets at quarter-end were ¥26.31 billion, up 24.24% from the previous year-end.

• Shareholders’ equity increased 17.79% to ¥13.95 billion.

Outlook and guidance

• The company is planning an H-share issuance and listing on the Hong Kong Stock Exchange to support overseas business expansion and diversify financing channels.