Liyuanheng: Net profit of 50.97 million yuan in 2025, compared to a net loss of 1.044 billion yuan in the same period last year.

LiYuanHeng releases an earnings quick report. In 2025, total operating revenue was 3.215 billion yuan, up 29.54% year over year; net profit was 50.96 million yuan, compared with a net loss of 1.044 billion yuan in the same period last year. During the reporting period, as the outlook for the new energy industry improved, the company actively seized market opportunities. Relying on refined coordination between its supply chain and delivery system, it effectively enhanced project execution and acceptance efficiency, shortening the company’s project acceptance cycle. The company continued to advance technology-driven cost reductions and optimize supply-chain resources, effectively improving the gross margin of its main business and solidifying its profit space. The company also strictly implemented budget management, optimizing its organizational structure and resource allocation; the efficiency and targeting of investments in selling, general and administrative, and R&D expenses further improved, and the period expense ratio achieved a meaningful decrease. In addition, the company increased efforts in collections management for accounts receivable. The overall condition of customer repayments improved, operating cash flow from operating activities was optimized, and part of the previously accrued credit impairment losses was reversed, which had a positive impact on performance improvement.