CIG Shanghai (603083) Q3 2025 earnings summary

Executive summary

• Achieved high-quality growth driven by strong performance in high-speed optical modules and telecom broadband access, with global data center demand fueling order increases.

• Revenue for Q3 reached RMB 1.32 billion, up 32.29% year-over-year; YTD revenue was RMB 3.36 billion, up 21.57%.

• Net profit attributable to shareholders for Q3 was RMB 138 million, up 92.92% year-over-year; YTD net profit was RMB 259 million, up 70.88%.

• 800G optical modules with higher margins increased in sales proportion, boosting profitability.

• H-share IPO completed, with 67 million shares issued at HKD 68.88 per share, listing on HKEX from October 28, 2025.

Financial highlights

• Q3 revenue: RMB 1,324.8 million (+32.29% YoY); YTD revenue: RMB 3,359.9 million (+21.57% YoY).

• Q3 net profit attributable to shareholders: RMB 138.4 million (+92.92% YoY); YTD: RMB 259.3 million (+70.88% YoY).

• Q3 EPS: RMB 0.52 (+92.59% YoY); YTD EPS: RMB 0.97 (+70.18% YoY).

• Gross margin and profitability improved due to higher-margin product mix.

• Total assets at period end: RMB 7.07 billion (+36.32% from prior year-end); net assets: RMB 2.52 billion (+9.16%).

Outlook and guidance

• Accelerating domestic and overseas capacity expansion to meet international trade challenges and delivery pressures.

• Focus on strengthening accounts receivable management and cash flow planning to ensure stable operations.