Changhai Co., Ltd.: Net profit attributable to parent in 2025 was 326 million yuan, representing a year-on-year increase of 18.8%

On April 2nd, Changhai Co., Ltd. (300196) announced its 2025 annual report, with operating revenue of 3.14B yuan, an increase of 17.92% year-on-year; net profit attributable to shareholders of the parent company was 326 million yuan, up 18.8% year-on-year; net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses was 321 million yuan, an increase of 31.05%; net operating cash flow was 140 million yuan, down 68.82% year-on-year; EPS ( fully diluted ) was 0.81 yuan.

In the fourth quarter, the company’s operating revenue was 779 million yuan, an increase of 2.7% year-on-year; net profit attributable to shareholders of the parent company was 68.98 million yuan, a decrease of 4.6%; net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses was 55.99 million yuan, a decrease of 11.0%; EPS was 0.1688 yuan.

As of the end of the fourth quarter, the company’s total assets were 7.41B yuan, an increase of 4.03% compared to the end of the previous year; net assets attributable to shareholders of the parent company were 4.81B yuan, an increase of 3.99% compared to the end of the previous year.

The company mentioned in the management discussion and analysis section that, due to uncertainties such as the slowdown of global economic growth momentum, inflationary pressures, and trade protectionism, demand in the downstream industries may face volatility risks.

The company plans to respond to these challenges by dynamically adjusting its product structure and increasing investment in technological innovation and new product development. Additionally, risks from the international trade environment and exchange rate fluctuations also negatively impact the company’s overseas market expansion and export costs. The company will take measures such as optimizing export market structure and timely adjusting pricing strategies to manage these risks.

In terms of industry policies and energy consumption and environmental regulation, the company faces strict energy consumption limits and environmental protection regulations, which may require upgrades and renovations of environmental protection facilities in the future. The company will continue to promote the construction of a green manufacturing system and increase investment in energy-saving and emission-reduction technological upgrades to meet policy requirements and enhance its green competitiveness within the industry.