Keda Industrial Group (600499) Q4 2025 earnings summary

Executive summary

• Operating revenue reached RMB 17.39 billion, up 38.01% year-over-year, with international revenue accounting for 67% of total revenue.

• Net profit attributable to shareholders was RMB 1.31 billion, up 30.07% year-over-year.

• Net operating cash flow increased 226.47% year-over-year to RMB 1.82 billion.

• The company maintained a strong global presence, with significant expansion in Africa and emerging markets.

Financial highlights

• Operating revenue: RMB 17.39 billion, up 38.01% year-over-year.

• Net profit attributable to shareholders: RMB 1.31 billion, up 30.07% year-over-year.

• Net profit after deducting non-recurring items: RMB 1.20 billion, up 30.20% year-over-year.

• Basic EPS: RMB 0.696, up 30.34% year-over-year.

• Weighted average ROE: 10.90%, up 2.10 percentage points year-over-year.

• Net assets attributable to shareholders: RMB 12.59 billion, up 9.70% year-over-year.

• Total assets: RMB 29.36 billion, up 8.95% year-over-year.

Outlook and guidance

• Targeting group sales revenue of RMB 19.5 billion in 2026.

• Plans to acquire 51.55% equity in Guangdong Twyford International, aiming for 100% ownership, pending regulatory approval.

• Continued focus on globalization, capacity expansion in Africa, and product portfolio upgrades.

• Ongoing investment in R&D and digital transformation to drive innovation and efficiency.