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Zhejiang Longsheng Group (600352) investor relations material
Zhejiang Longsheng Group Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for 2025 was RMB 13.31 billion, down 16.18% year-over-year; net profit attributable to shareholders was RMB 1.83 billion, down 9.91% year-over-year.
Operating cash flow was RMB 5.84 billion, a 37% decrease year-over-year.
The company maintained its global leadership in textile chemicals and intermediates, with dye sales volume reaching a record high.
The acquisition of the remaining minority stake in DyStar made it a wholly-owned subsidiary, further consolidating global market position.
Financial highlights
Gross margin for specialty chemicals increased by 1.22 percentage points to 32.02%.
Net assets attributable to shareholders at year-end were RMB 32.66 billion, down 4.71% from the previous year.
Total assets reached RMB 75.15 billion, up 4.36% year-over-year.
Basic EPS was RMB 0.5622, down 11.04% year-over-year.
Cash dividend of RMB 1.00 per 10 shares proposed, with a payout ratio of 17.79%.
Outlook and guidance
2026 revenue target set at RMB 20 billion, with a profit target of RMB 2.78 billion and net profit target of RMB 2.31 billion.
The company will focus on green, intelligent manufacturing and further strengthen its position in specialty chemicals.
- Net profit jumped 32.36% on higher sales and cash flow, with strong core business growth.600352
Q4 202419 Dec 2025 - Net profit grew 2.84% to ¥927.89 million despite a 6.47% revenue drop.600352
Q2 202519 Dec 2025 - Revenue declined, but net profit rose on non-recurring gains; core profit and revenue fell.600352
Q3 202529 Oct 2025 - Net profit surged 100% year-over-year as cost controls and non-recurring gains offset lower revenue.600352
Q1 202510 Sep 2025 - Net profit surged 320.82% year-over-year, mainly due to non-recurring gains.600352
Q3 202413 Jun 2025 - Net profit up 13.93% to ¥902M despite revenue dip; market share and cash flow strong.600352
Q2 202413 Jun 2025
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