Suzhou Dongshan Precision Manufacturing Co (002384) Q4 2025 earnings summary

Executive summary

• Revenue reached ¥40.12 billion in 2025, up 9.12% year-over-year; net profit attributable to shareholders was ¥1.39 billion, up 27.67% year-over-year.

• Major strategic acquisitions of Source Photonics and GMD Group expanded into optical modules and enhanced global automotive presence.

• AI hardware (optical modules + AI PCB) became a dual growth engine, with significant capacity expansion and new product launches.

• No cash dividend, bonus shares, or capital reserve to share capital conversion for 2025, as profits were reinvested in strategic projects.

Financial highlights

• Operating income: ¥40.12 billion, up 9.12% year-over-year; net profit attributable to shareholders: ¥1.39 billion, up 27.67%.

• Gross margin for main business: 13.85%; basic and diluted EPS: ¥0.79, up from ¥0.64 last year.

• Operating cash flow: ¥5.31 billion, up 6.44% year-over-year.

• Total assets: ¥60.25 billion, up 30.94% from previous year; net assets attributable to shareholders: ¥21.46 billion, up 14%.

• R&D investment: ¥1.43 billion, 3.57% of revenue, up 13.02% year-over-year.

Outlook and guidance

• 2026 focus: consolidate traditional business, accelerate high-end AI hardware capacity, and deepen global/local supply chain integration.

• Continue to invest in R&D for high-speed optical chips, modules, and AI PCB, aiming for leadership in AI infrastructure hardware.

• Maintain prudent financial strategy, optimize capital structure, and support global expansion and new business lines.