Zhongji Innolight Co. (300308) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached ¥10.22 billion, up 56.83% year-over-year; YTD revenue was ¥25.00 billion, up 44.43% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥3.14 billion, up 124.98% year-over-year; YTD net profit was ¥7.13 billion, up 90.05% year-over-year.

• Operating cash flow for the first nine months was ¥5.45 billion, up 314.54% year-over-year.

Financial highlights

• Basic EPS for Q3 was ¥2.85, up 124.41% year-over-year; YTD basic EPS was ¥6.48, up 89.47%.

• Gross margin improved as revenue growth outpaced cost increases.

• Total assets at Q3-end were ¥39.73 billion, up 37.62% from year-end 2024.

• Shareholders’ equity was ¥26.39 billion, up 37.92% from year-end 2024.

• Non-recurring gains totaled ¥48.23 million YTD, mainly from fair value changes in strategic investments.

Outlook and guidance

• Revenue growth driven by increased demand for high-end optical modules, especially 800G products, linked to AI infrastructure and capital expenditure expansion.

• Continued focus on R&D and capacity expansion to meet strong order backlog.