Hengyu Xintong's net profit in 2025 is projected to be 36.07 million yuan, with operating cash flow increasing by 271.25% year over year.

Blue Whale News, April 1—On April 1, Hengyu Xintong disclosed its 2025 annual report. The report shows that in 2025, the company achieved operating revenue of 201 million yuan, up 11.38% year over year; net profit attributable to shareholders of 36.0665 million yuan, up 34.87% year over year; and non-recurring profit (after deducting non-recurring gains and losses) of 20.8579 million yuan, up 40.54% year over year.

The growth rate of non-recurring profit is higher than that of net profit attributable to shareholders, mainly because in the non-recurring gains and losses for the period, the income from bank wealth management products was 14.9894 million yuan, accounting for 98.56% of the total non-recurring gains and losses of 15.2086 million yuan.

Net cash flow from operating activities was 61.93M yuan, up 271.25% year over year, reversing from -36.1646 million yuan in the same period last year to positive. The main reason for the change was that during this reporting period, cash received from sales of products and provision of services increased significantly.

Operating costs rose 15.91% year over year, resulting in an overall gross margin of 46.29%, down 2.06 percentage points year over year. Among them, the gross margin of the aviation products and services segment decreased by 2.10 percentage points year over year.

R&D investment was 59.45M yuan, up 23.72% year over year, accounting for 29.65% of operating revenue. The number of R&D personnel was 83, down 16.16% from 99 in the same period last year.

In terms of business structure, revenue from graphic image processing and display products accounted for 65.88%, and revenue from technical services accounted for 19.05%. Together, the combined proportion of the two further concentrated compared with previous years. Domestic revenue accounted for 100.00%; no overseas revenue was generated, and the company’s market layout remains entirely focused on the domestic market.

The proposed profit distribution is to pay a cash dividend of 4.60 yuan (tax included) for every 10 shares, for a total cash dividend of 27.60 million yuan.