Anfu Technology's net profit in 2025 is expected to increase by 34% to 230 million yuan; Chairman Xia Maoqing previously served as a lecturer at Anhui University.

Ruicai Finance Wu Wenting On March 10, Anfu Technology’s stock price rose. At the close of the day, it was 55.89 yuan, up 5.35%, with a total market value of approximately 14.41 billion yuan.

In terms of news, yesterday, Anfu Technology released its 2025 annual report. The company achieved revenue of 4.775 billion yuan, a year-on-year increase of 2.94%; net profit attributable to shareholders was 226 million yuan, a year-on-year increase of 34.38%.

Among them, the high executive compensation differentiation in Anfu Technology’s annual report attracted investor attention.

The company’s director and executive vice president Liu Ronghai’s pre-tax salary in 2025 was 14.3946 million yuan, which is 6.23 times the annual salary of Chairman Xia Maqing at 2.3088 million yuan and 5.87 times the annual salary of General Manager Lin Longhua at 2.452 million yuan. Additionally, the report mentioned that Liu Ronghai’s salary is paid by Nanfu Battery.

Data shows that Liu Ronghai, aged 60, joined Nanfu Battery in 1986, served as Deputy General Manager of Sales at Nanfu Battery in June 1997, and has been General Manager of Nanfu Battery since September 2017. Since March 2022, he has served as a director and executive vice president of the company.

Xia Maqing, also 60 years old, previously served as a lecturer at Anhui University School of Economics, manager and party branch secretary of the third audit department at Anhui Zhonghua Certified Public Accountants, director of the Finance Department and vice president of China Computer Correspondence College, head of the Audit Department of ZTE Corporation, and financial director of Shenzhen ZTE New Communications Equipment Co., Ltd., holding positions such as director, deputy general manager, and financial director at Anhui Landun Optoelectronics Co., Ltd.

Anfu Technology focuses on and deeply cultivates the small battery field for home appliances, mainly providing consumers with stable, safe, and long-lasting battery products. The company has also established a multi-brand battery product matrix, seeking opportunities in various market segments.

During the reporting period, the company acquired minority equity interests in its controlling subsidiaries through major asset restructuring and equity acquisitions, further increasing the company’s equity stake in Nanfu Battery and enhancing its sustainable profitability.

According to Anfu Technology, for a long time, Nanfu Battery has maintained stable leading product performance and deepened its cultivation in the domestic battery retail market, holding a significant advantage in the Chinese alkaline battery market. In the domestic alkaline battery market, “Nanfu” alkaline manganese batteries have ranked first in sales in China for 33 consecutive years (1993-2025).

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