NAURA's H1 Revenue Up 25% YoY, Net Profit Up 5%, Operating Cash Flow Turns Positive | Earnings Insights

In the first half of the year, NAURA Technology achieved revenue of RMB 20.161 billion, up 24.90% year-over-year; net profit attributable to shareholders reached RMB 3.37 billion, up 5.05% YoY, with profit growth significantly lagging revenue growth. Operating cash flow swung sharply from -RMB 3.19 billion in the same period last year to RMB 3.77 billion, indicating a notable improvement in earnings quality. As a leading domestic semiconductor equipment maker, the company continues to refine its product portfolio, yet short-term profits are affected by R&D and capacity investments, and the realization of scale effects warrants attention.