Aug 28 (Eve) – NAURA (002371) released H1 2025 earnings, with strong top/bottom lines but a cash flow warning.
H1 highlights:
- Revenue: $23.06B (+29.51% YoY)
- Net profit (shareholders): $4.58B (+14.97% YoY)
- Basic EPS: $0.636 (+14.23% YoY), showing solid growth.
Notably, operating cash flow turned negative (down 917.34% YoY)—likely due to business expansion and higher raw material purchases (inventory boosted to meet orders).
Other financials:
- Total assets: Over $120.4B (+27.09% YoY); net assets (shareholders): Over $48.1B (+8.54% YoY) (expanding scale strengthens industry position).
- Weighted average ROE: 9.81% (down 1pp but healthy).
Key moves:
- June 2025: Bought 17.87% of ACM Research ($4.48B, 2 tranches) to become top shareholder; nominated 5 directors (board majority) for control, aiming to boost semiconductor equipment competitiveness via synergies.
- July 3: Executed 2024 dividend plan: $1.51/10 shares (pre-tax) + 3.5 bonus shares/10 shares.
Market focus: How NAURA resolves cash flow crunch amid growth.
ICgoodFind: We’ll track NAURA amid semiconductor equipment competition for latest updates.
