Piotech: Q3 revenue and net profit more than doubled year-over-year, with cash flow and margins sharply improved

Revenue surged 54.25% year-over-year, but net profit fell 26.96% due to margin pressure. Operating cash flow turned positive, and R&D investment remained significant at 17.87% of revenue.

Original document: Piotech, Inc. Class A [688072] Interim report — Aug. 26 2025

Revenue surged 54% year-over-year to RMB 1.95 billion in H1 2025, with Q2 accelerating sharply. Net profit fell 27% year-over-year due to Q1 margin pressure, but Q2 rebounded strongly. Order backlog, R&D investment, and cash flow all hit record highs, supporting continued growth.

Original document: Piotech, Inc. Class A [688072] Interim report — Aug. 25 2025

Chinese stocks extended their gains during the last week of trading on optimism in the artificial intelligence sector.

The Shanghai Composite Index, the main gauge of Chinese stocks, gained 0.5% or 17.66 points to 3,534.48. The Shenzhen Component Index inched up 0.4% or by 40.22 points to 10,913.84.

Hopes driven by the artificial intelligence sector also increased following the resumption of Nvidia's shipments of H20 AI chips to China, the report said.

Chinese Commerce Minister Wang Wentao also met with Nvidia Chief Executive Officer Jensen Huang on Thursday, according to a statement from the Commerce Ministry Friday.

Wang called on Nvidia and other companies to provide Chinese customers with high-quality and reliable products and services, the ministry said.

In the corporate front, Piotech forecasts up to a 108% rise in its first-half profit to up to 247 million yuan. Shares in the Chinese semiconductor device manufacturer finished 5% higher.

Piotech expects its attributable profit to surge 101% to 108% to between 238 million yuan and 247 million yuan in the first half from 118.6 million yuan in the year-ago period, according to a Friday filing with the Shanghai bourse.

The Chinese semiconductor device manufacturer's expected rise in profit is attributable to revenue growth driven by better market penetration, the filing said.

Shares grew 5% during late afternoon trading on Monday.

Q1 2025 revenue surged 50% year-over-year to RMB 709 million, but net profit fell to -RMB 147 million due to high validation costs and increased expenses. Operating cash flow turned positive, and R&D investment remained robust.

Original document: Piotech, Inc. Class A [688072] Interim report — Apr. 30 2025

Piotech attributable profit rose 3.9% to 688.2 million yuan in 2024 from 662.6 million yuan in 2023, according to an annual report filed Friday with the Shanghai bourse.

Earnings per share at the Chinese semiconductor device manufacturer increased 3.4% to 2.46 yuan from 2.38 yuan in the previous year.

Operating income grew 52% to 4.10 billion yuan from 2.70 billion yuan in the prior-year period/a year earlier.