Jiangsu Zhongtian Technology (600522) Q4 2025 earnings summary

Executive summary

• Achieved record revenue of ¥52.5 billion in 2025, up 9.24% year-over-year; net profit attributable to shareholders reached ¥2.90 billion, up 2.25% year-over-year.

• Operating cash flow was ¥4.75 billion, a 14.81% increase year-over-year.

• Board proposes a cash dividend of ¥2.60 per 10 shares, totaling ¥886 million, representing 30.54% of net profit.

• Strategic focus on “光-电-算” (optical-electrical-computing) integration, global expansion, and innovation-driven growth.

Financial highlights

• Revenue: ¥52.5 billion (+9.24% YoY); Net profit attributable to shareholders: ¥2.90 billion (+2.25% YoY).

• Gross margin for manufacturing: 13.55%; overall gross margin decreased slightly.

• Basic EPS: ¥0.857; ROE: 8.00%; R&D expenses: ¥2.08 billion (3.96% of revenue).

• Operating cash flow: ¥4.75 billion (+14.81% YoY); total assets: ¥62.1 billion (+6.33% YoY).

• Non-recurring gains: ¥195 million; adjusted net profit after share-based payment: ¥2.97 billion.

Outlook and guidance

• 2026 strategy emphasizes sustainable innovation, global service, and “三全球” (global mindset, layout, service).

• Focus on AI, digital infrastructure, energy transition, and high-end materials.

• Plans to deepen global supply chain, expand in Europe, Africa, and Americas, and accelerate new energy and digital business.