XCMG Construction Machinery (000425) Q4 2025 earnings summary

Executive summary

• Achieved annual revenue of ¥100.82 billion, up 8.37% year-over-year; net profit attributable to shareholders reached ¥6.57 billion, up 8.96% year-over-year.

• Operating cash flow surged 148.42% year-over-year to ¥14.14 billion, marking significant improvement in liquidity.

• Maintained industry leadership in multiple product categories, with strong domestic and international market positions.

• Continued strategic focus on high-quality growth, innovation, and global expansion amid complex external environment.

Financial highlights

• Revenue: ¥100.82 billion, up 8.37% year-over-year.

• Net profit attributable to shareholders: ¥6.57 billion, up 8.96% year-over-year.

• Operating cash flow: ¥14.14 billion, up 148.42% year-over-year.

• Basic and diluted EPS: ¥0.57, up 11.76% year-over-year.

• Gross margin: 22.61%, stable year-over-year.

• R&D investment: ¥5.93 billion, 5.88% of revenue.

Outlook and guidance

• Expects 2026 revenue growth to exceed 10%, targeting improvements in scale, profitability, and cash flow.

• Strategic focus on high-end, intelligent, green, global, and service-oriented transformation.

• Plans to strengthen global operations, digital transformation, and risk management.