TBEA (600089) H2 2025 earnings summary

Executive summary

• Achieved net profit attributable to shareholders of ¥5.95 billion, up 43.69% year-over-year, despite a slight 0.61% decrease in revenue to ¥97.23 billion.

• Profit growth driven by significant reduction in polysilicon losses, steady growth in power transmission, and gold businesses.

• Operating profit rose 67.18% to ¥8.16 billion, with total profit up 60.13% to ¥8.05 billion year-over-year.

• Proposed cash dividend of ¥3.60 per 10 shares, totaling ¥1.81 billion, representing 30.35% of net profit.

Financial highlights

• Revenue: ¥97.23 billion, down 0.61% year-over-year.

• Net profit attributable to shareholders: ¥5.95 billion, up 43.69% year-over-year.

• Operating cash flow: ¥9.33 billion, down 27.75% year-over-year.

• Basic and diluted EPS: ¥1.1610, up 45.49% year-over-year.

• Gross margin improved in key segments, notably electrical equipment and gold.

Outlook and guidance

• 2026 revenue target set at ¥110 billion, with cost control to keep operating costs below ¥88 billion.

• Focus on innovation, digital transformation, and coordinated development across four major industries.

• Continued investment in R&D and digitalization to drive high-quality growth.