Zhaoshengwei: Net profit loss of 268 million yuan in 2025

Zhaoshengwei released an earnings flash report. In 2025, total operating revenue was 3.726 billion yuan, a year-on-year decrease of 16.96%. Net profit recorded a loss of 268 million yuan, while net profit in the same period last year was 402 million yuan in profit. During the reporting period, the company’s operating profit, total profit, net profit attributable to shareholders of the listed company, net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses, and basic earnings per share all declined by 30% or more; the main reasons are that during the company’s transition to the Fab-Lite model, the increase in investment in capability building and the impacts from supply transformation, continued intense industry competition, delivery tightness in certain raw material product supply-side segments, and adjustments to downstream customers’ inventory structure resulted in a decline in operating income and gross profit margin compared with the same period last year.