Yuloka's net profit in 2025 increased by 92.73% year-over-year, entering the aerospace propulsion industry track to create a second growth curve

On the evening of March 25, YouloKa (300099) released its 2025 annual report, with the company achieving an operating revenue of 579 million yuan for the full year, down 3.31% year-on-year; net profit of 183 million yuan, up 92.73% year-on-year. It plans to distribute a cash dividend of 1.4 yuan (tax included) for every 10 shares to all shareholders.

Data shows that YouloKa focuses on mine safety and intelligent technology research, with a strong industry influence in the fields of mine safety and intelligence. At the same time, the company entered the military industry through mergers and acquisitions, with related products enjoying a high reputation for quality among military clients. Currently, the company is entering the aerospace propulsion industry track and is using this to build a second growth curve.

In terms of business segments, in 2025, YouloKa’s smart mine business achieved an operating revenue of 500 million yuan; the military guidance business achieved an operating revenue of 74.75M yuan, a year-on-year increase of 29.70%, with a gross profit margin of 43.85% remaining stable; the previously controlled subsidiary Fuhua Yuki was divested within the year, with a loss of 32.3582 million yuan in 2024, effectively removing this performance drag after divestment. Against the backdrop of nearly 18% decline in upstream industry revenue, YouloKa’s revenue decline was much lower than the industry average, demonstrating strong risk resistance and market resilience.

YouloKa stated that in 2025, the company made substantial progress in the development and production capacity of multi-scenario applications of intelligent mine robots, including the construction of fundraising projects, R&D innovation, market expansion, and internal management: the fundraising project entered the final stage, with digital production bases, multi-functional electronic workshops, and other facilities gradually put into use, greatly improving automation and digital management levels; breakthroughs in the development of smart mine robots were achieved at multiple points, initially building a robot product system covering multiple scenarios; informatization construction accelerated, with MES, ERP, and WMS three major systems integrated, promoting transparency in production and supply chains; the loss-making asset Fuhua Yuki was successfully divested, improving asset quality; the sales system continued to strengthen, with increased efforts in key regional markets, steady improvement in after-sales service capabilities, and continuous enhancement of brand influence. Regarding the military guidance business, while upgrading existing products, the joint development of the “Lightweight Missile System” with a domestic weapons group has completed prototype design and entered testing, further enriching the military product series.

From the overall industry performance, YouloKa’s performance growth is highly aligned with the high prosperity of its industry. In the field of coal mine intelligence, data released by the National Energy Administration shows that by the end of 2025, 1,066 intelligent coal mines have been built nationwide, with intelligent capacity accounting for over 65%. The average single-shift reduction in mining and tunneling faces in these mines exceeds 20%. The development of intelligent coal mines is deepening, with 5G, artificial intelligence, industrial Internet of Things, and intelligent equipment deeply integrated with coal development technology. This has driven changes in coal extraction modes, continuous optimization of mine production organization, and transformation and upgrading of safety management methods, cultivating new productive forces in coal.

YouloKa stated that to support its long-term development strategy, the company has fully launched an intelligent manufacturing project, systematically promoting the construction of digital factories, actively introducing advanced information systems and intelligent production equipment, and pushing for full-process digital and intelligent upgrades in R&D, production, and management.

Among them, a key focus is the multi-scenario application robot business for smart mines. In terms of product types, the company will develop a robot product matrix covering the entire mining transportation process, including underground intelligent monorail transport robots, intelligent chain wheel transport robots, intelligent tracked transport robots, intelligent rubber-tired transport robots, and intelligent handling robots for “last mile” precise delivery, forming a seamless “full work chain” intelligent transportation solution. Additionally, cutting-edge technologies such as artificial intelligence and big data are introduced, with products gradually expanding to auxiliary operation robots, security inspection robots, and other categories.

Furthermore, YouloKa is also focusing on the second growth curve by entering the aerospace propulsion industry track. In early 2026, YouloKa signed a strategic cooperation agreement with Deep Blue Aerospace, leveraging each other’s strengths in R&D, design, and manufacturing, to conduct in-depth cooperation in core key components of liquid reusable rocket engines, including mechanical processing, outsourcing production, and supply chain collaboration.

It is understood that Deep Blue Aerospace, as one of the earliest domestic enterprises dedicated to the development of liquid reusable rockets and commercial space operations, has advantages in reusable rocket technology. Its core products, the “Nebula” series of liquid oxygen kerosene reusable rockets and the supporting “Thunder” series engines, are industry leaders in payload efficiency and manufacturing costs.

YouloKa revealed that in 2026, based on the strategic cooperation with Deep Blue Aerospace, the company will complete a strategic investment of 100 million yuan in the latter. Meanwhile, both parties will conduct in-depth cooperation on the R&D, prototype manufacturing, and supply chain collaboration of core components of liquid reusable rocket engines. The first batch of component orders will be implemented within the year, establishing a quality system for aerospace propulsion product manufacturing.

YouloKa stated that after three to five years of effort, by deeply integrating into the commercial aerospace industry chain, it aims to develop and expand its new aerospace propulsion business, making it a second growth curve supporting the company’s long-term development, and building a strategic new pattern of coordinated and mutually empowering growth across the “Smart Mine,” “National Defense and Military Industry,” and “Aerospace Propulsion” core business sectors.