拓荆科技(688072) - 2025 Q4 - 年度业绩预告

Current Period Performance Forecast The company forecasts significant growth in revenue, net profit, and operating cash flow for Q2 2025 Performance Forecast Period This performance forecast covers the second quarter of 2025, from April 1 to June 30 - The performance forecast period is from April 1, 2025, to June 30, 2025[2] Performance Forecast Details The company expects substantial growth in Q2 2025 revenue, net profit, and net cash flow from operating activities Key Financial Data Forecast for Q2 2025 | Indicator | Q2 2025 Forecast (RMB) | Year-over-Year Growth Rate | | :--- | :--- | :--- | | Revenue | 1.21 billion - 1.26 billion | 52% - 58% | | Net Profit Attributable to Owners of the Parent Company | 238 million - 247 million | 101% - 108% | | Net Profit Attributable to Owners of the Parent Company Excluding Non-Recurring Gains and Losses | 215 million - 224 million | 235% - 249% | | Net Cash Flow from Operating Activities | 1.48 billion - 1.58 billion | N/A (Significantly increased year-over-year) | Prior Period Performance Review The company's Q2 2024 performance included revenue of 795.10 million RMB and negative operating cash flow Q2 2024 Performance Review In Q2 2024, the company achieved 795.10 million RMB in revenue, 118.62 million RMB in net profit, and negative 178.46 million RMB in operating cash flow Actual Performance Data for Q2 2024 | Indicator | Q2 2024 Actual (RMB) | | :--- | :--- | | Revenue | 795.101 million | | Net Profit Attributable to Owners of the Parent Company | 118.6223 million | | Net Profit Attributable to Owners of the Parent Company Excluding Non-Recurring Gains and Losses | 64.1667 million | | Net Cash Flow from Operating Activities | -178.4617 million | Key Reasons for Current Period Performance Changes Performance improvements are driven by increased revenue, enhanced gross margins, and improved operating efficiency Reasons for Significant Revenue Growth Revenue growth is attributed to domestic substitution opportunities, technological leadership, increased market penetration, and mass production of advanced process products - The company actively seizes strategic opportunities in domestic substitution for semiconductor equipment, leveraging its technological leadership in thin-film deposition equipment and advanced bonding equipment, along with supporting metrology and inspection equipment in 3D integration[7] - Product maturity and performance advantages have gained widespread customer recognition, further increasing market penetration and sustaining high-speed revenue growth[7] - The company's verification tools for advanced process nodes have successfully passed customer certification and are gradually entering mass production[7] - Advanced process equipment based on new equipment platforms (PF-300T Plus and PF-300M) and new reaction chambers (pX and Supra-D) have successively passed customer acceptance, with increasing mass production scale[7] - ALD equipment continues to expand its mass production scale, demonstrating strong business growth, with Q2 2025 sales revenue exceeding the full-year 2024 revenue[7] Reasons for Significant Net Profit Growth Net profit growth is primarily due to quarter-over-quarter gross margin improvement from new product mass production, year-over-year decrease in period expense ratio from economies of scale, and substantial revenue growth - The company's new product verification tools have completed technical introduction, achieved mass production breakthroughs, and undergone continuous optimization, leading to a significant quarter-over-quarter improvement in gross margin in Q2 2025, showing a steady recovery trend[7] - The period expense ratio decreased year-over-year, further releasing profit margins through economies of scale[8] - Revenue achieved substantial growth[9] Reasons for Significant Increase in Net Cash Flow from Operating Activities The significant increase in net cash flow from operating activities is primarily due to substantial growth in advances from customers and sales collections - In Q2 2025, the company experienced significant year-over-year growth in both advances from customers and sales collections[9] Risk Warning The performance forecast is based on unaudited data, with no major uncertainties identified yet Risk Warning The performance forecast data is unaudited, and no significant uncertainties affecting its accuracy have been identified - The financial data related to this performance forecast has not been audited by a certified public accountant[10] - The company has not yet discovered any significant uncertain factors that would affect the accuracy of this performance forecast[10][11] Other Explanatory Notes The forecast data is preliminary, and investors should refer to the official semi-annual report for final figures Other Explanatory Notes This forecast data is preliminary, and the final financial data will be based on the company's officially disclosed 2025 semi-annual report - The above forecast data is preliminary accounting data, and the specific accurate financial data will be subject to the company's officially disclosed 2025 semi-annual report[12] - Investors are kindly reminded to pay attention to investment risks[12]