Zhongji Innolight Co. (300308) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 6.67 billion, up 37.82% year-over-year, driven by strong sales of high-end optical modules such as 800G and 400G.

• Net profit attributable to shareholders was RMB 1.58 billion, a 56.83% increase compared to the same quarter last year.

• Operating cash flow surged 232.74% year-over-year to RMB 2.16 billion, reflecting robust sales collections.

Financial highlights

• Basic EPS was RMB 1.44, up 54.84% year-over-year; diluted EPS was RMB 1.43.

• Gross margin improved as revenue growth outpaced cost increases; operating profit reached RMB 1.99 billion.

• Total assets at quarter-end were RMB 31.58 billion, up 9.41% from year-end 2024.

• Shareholders' equity increased 8.26% to RMB 20.71 billion.

• Non-recurring gains totaled RMB 14.49 million, mainly from government grants and investment income.

Outlook and guidance

• High-end optical module sales are expected to continue benefiting from increased capital expenditure in computing infrastructure.