Asymchem Laboratories (Tianjin)
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Asymchem Laboratories (Tianjin) (002821) investor relations material

Asymchem Laboratories (Tianjin) Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary30 Mar, 2026

Executive summary

  • Achieved revenue of RMB 6.67 billion in 2025, up 14.91% year-over-year; net profit attributable to shareholders reached RMB 1.13 billion, up 19.35% year-over-year.

  • Adjusted net profit was RMB 1.25 billion, up 22.01% year-over-year; basic and diluted EPS both RMB 3.16, up 17.47% year-over-year.

  • Fourth quarter revenue was RMB 2.04 billion, up 41.53% sequentially and 22.59% year-over-year.

  • Orders in hand (excluding recognized revenue) reached USD 1.385 billion, up 31.65% year-over-year.

  • Over 300 new customers added in 2025; overseas revenue grew 14.85% year-over-year, domestic revenue up 15.09%.

Financial highlights

  • Gross margin for small molecule CDMO was 46.83%; new business gross margin improved by 8.45 percentage points to 30.12%.

  • Operating cash flow was RMB 1.41 billion, up 12.22% year-over-year.

  • Total assets at year-end were RMB 20.28 billion, up 5.13% from prior year; net assets attributable to shareholders were RMB 17.64 billion, up 4.69%.

  • Major non-recurring items: government grants (RMB 57.36 million), fair value gains (RMB 74.14 million), and asset disposal losses (RMB -11.55 million).

Outlook and guidance

  • 2026 revenue growth expected at 19–22%, with accelerated growth in chemical and biological macromolecule businesses.

  • Focus on expanding new business segments and improving profitability through operational efficiency.

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