Yuchen Intelligence: Net loss of 148 million yuan in 2025

Yu Chen Intelligent released an earnings quick report. In 2025, the company achieved total operating revenue of 724 million yuan, up 42.93% year over year; net loss was 148 million yuan, compared with a net loss of 128 million yuan in the same period last year. During the reporting period, the number of equipment units accepted was lower, and the company’s overall gross margin for equipment was also lower. Due to a significant increase in sales orders during the reporting period, selling expenses increased in the same period. The Zhongshan production base commenced operations in this period, and the production scale expanded substantially, leading to higher management expenses such as compensation for relevant management personnel, depreciation of factory premises, and operational maintenance. In order to maintain competitiveness, the company continued to increase its R&D investment, resulting in higher research and development expenses.

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