Espressif Technologies anticipates strong mid-year revenue and profit growth

Espressif Technologies (Shanghai) has released a voluntary disclosure forecasting significant growth in its semi-annual performance for 2025. The company projects revenue between CNY122,000 and CNY125,000, a 33% to 36% increase compared to the same period last year. Net profit attributable to the parent company is estimated to be between CNY25,000 and CNY27,000, representing a 65% to 78% year-over-year rise. Net profit attributable to the parent company after deducting non-recurring gains and losses is projected between CNY23,000 and CNY25,000, marking a 58% to 72% increase. The company attributes this growth to the widespread adoption of its wireless solutions in diverse sectors beyond smart homes, including energy management and industrial control. The company maintains a gross profit margin of over 40%. Increased R&D spending drives overall gains. These figures are preliminary estimates and have not been audited by a certified public accountant. The final financial results will be disclosed in the company's 2025 semi-annual report.