Guangdong Syntrust GK Testing and Certification Tech Service Center (8629) H2 2025 earnings summary

Executive summary

• Revenue reached RMB81.36m for FY2025 versus RMB55.26m in FY2024; profit attributable to owners rose to RMB20.31m from RMB16.30m.

• Broader service coverage followed expansion into hydraulic, motor vehicle, food and agricultural, fire-protection and highway testing.

Financial highlights

• Gross profit was RMB52.18m versus RMB35.11m; profit before tax was RMB28.79m versus RMB22.32m.

• Other income and gains fell to RMB1.15m from RMB5.83m; administrative expenses were RMB18.09m versus RMB17.26m.

• Net impairment loss on financial assets was RMB1.10m, compared with a RMB0.55m reversal in FY2024; finance costs rose to RMB1.55m from RMB1.21m.

• Income tax expense was RMB6.49m versus RMB6.02m; total profit and comprehensive income was RMB22.30m, including RMB1.99m attributable to non-controlling interests.

Outlook and guidance

• Western Guangdong’s independent testing and inspection market was projected to reach RMB6.5bn by 2028, with a stated 12.7% CAGR; policy-led water conservancy and transport investment supports demand.

• Plans emphasize expanding food, environmental, transportation, hydraulic and fire-protection testing and pursuing cross-selling through the service network.

• Further acquisition opportunities may be considered; no other material investment or capital-asset plans were identified beyond previously announced plans.