Jiangshan Oppei's 2025 operating revenue is 1.63B yuan, with a net loss of 195 million yuan.

MaticHoleFiller · 2026-04-11T05:29:03+00:00

Jiangshan Oppe's 2025 financial report shows that operating revenue was 1.63B yuan, a year-on-year decrease of 45.85%; net profit was a loss of 195 million yuan. The performance decline was due to market downturn, shrinking demand, and rising fixed costs. Accounts receivable balance was 1.71B yuan, with a debt-to-asset ratio of 63.48%.

MaticHoleFiller

2026-04-11 05:29:03

Abstract generation in progress

Source: Global Times

【Global Times Comprehensive Report】On April 2nd, Jiangshan Oppe released its 2025 annual report. During the reporting period, the company achieved operating revenue of 1.63B yuan, a year-on-year decrease of 45.85%; net profit attributable to shareholders of the listed company lost 195 million yuan, compared to a profit of 109 million yuan in the same period last year, turning from profit to loss year-on-year.

Regarding the reasons for the decline in performance, the company previously stated in its performance forecast announcement that in 2025, the overall industry market downturn and shrinking demand, combined with intensified industry competition and price adjustments for some products, put pressure on gross profit margins. Additionally, the lag in reductions of fixed costs such as depreciation expenses and personnel costs, as well as increased provisions for asset impairments, further dragged down the full-year performance. The company at that time estimated total asset impairment provisions of about 200 million yuan for the year.

Looking at product categories, Jiangshan Oppe’s main business in 2025 includes: clamped board molded doors with revenue of 765 million yuan, solid wood composite doors with revenue of 229 million yuan, cabinet products with revenue of 114 million yuan, other products with revenue of 276 million yuan, and franchise service fees of 146 million yuan.

As of December 31, 2025, Jiangshan Oppe’s accounts receivable (including notes receivable, accounts receivable, and receivables financing) had a book balance of 1.71B yuan, with an allowance for bad debts of 1B yuan, and a book value of 703 million yuan. The book balance of contract assets was 54.3118 million yuan, with an impairment provision of 3.76M yuan, and a book value of 50.5478 million yuan.

As of the end of the reporting period, Jiangshan Oppe’s total assets were 2.97B yuan, and net assets were 1.08B yuan. The company’s asset-liability ratio was 63.48%, compared to 64.93% in the same period last year, a decrease of 1.45 percentage points year-on-year.

Image source: Jiangshan Oppe

Massive information, precise interpretation, all on Sina Finance APP

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes