CIG Shanghai (603083) Q4 2025 earnings summary

Executive summary

• Revenue for 2025 reached RMB 4.82 billion, up from RMB 3.65 billion year-over-year, with net profit attributable to shareholders at RMB 263.49 million, a decrease from RMB 351.65 million in the prior year.

• Gross margin declined to 22.3% from 26.2% year-over-year, reflecting increased cost pressures.

• The company completed an H-share listing in Hong Kong, raising significant capital and expanding its shareholder base.

Financial highlights

• Operating income was RMB 340.19 million, down from RMB 166.63 million year-over-year.

• R&D expenses increased to RMB 354.98 million, reflecting continued investment in innovation.

• Total assets at year-end were RMB 12.37 billion, with total liabilities of RMB 4.73 billion.

• Cash and cash equivalents at year-end were RMB 4.79 billion.

• Basic and diluted EPS were both RMB 0.94.

Outlook and guidance

• The company plans to continue investing in R&D, with several major product launches expected in 2026 and beyond.

• Management expects ongoing cost pressures but aims to stabilize margins through operational improvements.