Hangzhou Greatstar Industrial (002444) Q4 2025 earnings summary

Executive summary

• Revenue for 2025 was RMB 14.67 billion, down 0.87% year-over-year, while net profit attributable to shareholders rose 8.95% to RMB 2.51 billion.

• Adjusted net profit (excluding non-recurring items) increased 0.94% year-over-year to RMB 2.33 billion.

• Cash dividend of RMB 4 per 10 shares proposed, totaling RMB 477.8 million, with no bonus shares or capital increase.

• The company maintained stable operations despite global trade volatility and U.S. tariff impacts, with strong growth in power tools and e-commerce.

Financial highlights

• Operating income: RMB 14.67 billion, down 0.87% year-over-year.

• Net profit attributable to shareholders: RMB 2.51 billion, up 8.95% year-over-year.

• Basic and diluted EPS: RMB 2.1011, up 8.94% year-over-year.

• Operating cash flow: RMB 2.31 billion, up 32.74% year-over-year.

• Gross margin for tools segment: 32.60%, up 0.56 percentage points.

Outlook and guidance

• Expects 2026 revenue growth above 10%, driven by global economic recovery, easing U.S. tariffs, and continued AI infrastructure investment.

• Focus on expanding global manufacturing, innovation in power tools, and strengthening own brands.