Shanghai Zhida Technology Development (2650) H2 2025 earnings summary

Executive summary

• FY2025 revenue reached a record RMB716.5m, up 20.7% YoY; net loss narrowed to RMB163.8m from RMB235.9m.

• EV charger deliveries rose 76.4% to 619.5k; overseas revenue exceeded RMB100m and reached 17.1% of revenue.

Financial highlights

• Revenue was RMB716.5m versus RMB593.4m in FY2024; gross profit rose 23.0% to RMB108.9m.

• Operating loss narrowed to RMB146.9m from RMB218.9m; loss before tax was RMB160.1m versus RMB231.9m.

• Net loss attributable to owners was RMB163.8m versus RMB238.8m; basic and diluted loss per share was RMB2.97 versus RMB4.54.

• Other income increased to RMB10.1m from RMB6.1m, mainly due to more government grants; administrative and R&D expenses together declined 3.6% to RMB153.8m.

• Net impairment losses on financial assets fell 79.2% to RMB8.0m; sales and marketing expenses declined 11.7% to RMB101.2m.

Outlook and guidance

• 2026 priorities include overseas expansion, localized manufacturing and service networks, stronger retail channels, higher-margin product innovation, and cost efficiency.

• Target markets include Europe, Southeast Asia, South America and the Middle East; European- and U.S.-standard products are currently sold in Thailand, Brazil, Australia, Malaysia and Indonesia.