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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.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.
- Revenue and profit fell, but core CDMO growth and global expansion drive future outlook.002821
Q2 202423 Dec 2025 - Core business grew despite a sharp drop in profit and revenue from last year's large orders.002821
Q3 202423 Dec 2025 - 2024 revenue and profit declined sharply, but core business excluding one-offs grew and 2025 guidance is strong.002821
Q4 202423 Dec 2025 - Revenue and net profit grew over 10% and 15% year-over-year, led by new business momentum.002821
Q1 202523 Dec 2025 - Revenue up 11.82% YTD, with strong emerging business growth and higher full-year outlook.002821
Q3 202530 Oct 2025 - H1 2025 saw double-digit profit and revenue growth, strong order backlog, and global expansion.002821
Q2 202525 Aug 2025
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