Ningbo Zhongbai's net profit attributable to the parent company in 2025 is 32.54 million yuan, turning losses into profits

March 30, Ningbo Zhongbai (600857) released its 2025 annual report. The company’s operating revenue was RMB 459 million, a year-over-year decrease of 44.5%. The net profit attributable to shareholders swung from a loss of RMB 16.06 million in the same period last year to a turnaround profit, reaching RMB 32.54 million. The net profit attributable to shareholders after deducting non-recurring items was RMB 17.28 million, up 12.5% year over year. Net operating cash flow came in at RMB 10.39 million, up 132.2% year over year. EPS (fully diluted) was RMB 0.145.

Of these, in the fourth quarter, the company’s operating revenue was RMB 80.90 million, down 35.7% year over year. The net profit attributable to shareholders moved from a year-ago loss of RMB 8.04 million to a loss of RMB 13.48 million, with the loss amount further widening. The net profit attributable to shareholders after deducting non-recurring items was RMB 1.16 million, down 55.6% year over year. EPS was -0.0601.

As of the end of the fourth quarter, the company’s total assets were RMB 940 million, up 3.7% from the end of the previous year. Net assets attributable to shareholders were RMB 868 million, up 4.4% from the end of the previous year.

In its 2025 annual report, the company said that, amid intense market competition, it will continue using an omnichannel sales model, accelerating its online and offline layout and digital transformation, to ensure personalized and differentiated development. During the reporting period, the company’s “Ningbo Erbai” brand generated sales of RMB 400 million, and it entered into cooperation with well-known media outlets, launching multiple innovative activities to attract younger customer segments.

The report also noted that net cash flow from operating activities was RMB 10.39 million, showing improvement compared with the same period last year, mainly due to the impact of the sales settlement cycle. The company maintained a prudent and steady approach to financial wealth management investments, with investment income of RMB 6.88 million, including cash dividends from Xi’an Bank and Pieneng Technology. Overall, the company’s operating strategy and market response measures have played a positive role in the current complex economic environment.

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