ASMPT (HKG:0522) posted a net profit of HK$82.6 million, or HK$0.20 per basic share, in the first quarter of 2025, down 53.5% from the year-ago period.

The decline was due to lower gross margin, operating expenses for strategic investments, and foreign exchange effects, according to a Wednesday filing with the Hong Kong Exchange.

The chip gear maker's revenue came in at HK$3.12 billion for the three months ended March 31, down 0.5% from a year earlier.

Bookings amounted to HK$3.35 billion, up 4.8% year over year.

Looking ahead, ASMPT expects to generate between $410 million and $470 million in second-quarter revenue.