Zhejiang Dahua Technology Co. (002236) Q4 2025 earnings summary

Executive summary

• Achieved revenue of ¥32.74 billion in 2025, up 1.75% year-over-year; net profit attributable to shareholders rose 32.77% to ¥3.86 billion.

• Maintained strong cash flow from operations, up 44.19% year-over-year to ¥3.91 billion.

• Continued to invest in R&D, with annual spending of ¥4.34 billion, representing 13.24% of revenue.

• Focused on AIoT, large model technology, and industry-specific digital transformation solutions.

Financial highlights

• Revenue: ¥32.74 billion (+1.75% YoY); net profit: ¥3.86 billion (+32.77% YoY).

• Gross margin: 40.62% (up 1.78 percentage points YoY).

• Basic and diluted EPS: ¥1.18 (up 31.11% YoY).

• Operating cash flow: ¥3.91 billion (+44.19% YoY).

• Total assets: ¥52.56 billion; net assets attributable to shareholders: ¥37.76 billion.

Outlook and guidance

• Will continue to focus on AI, IoT, and large model technology for industry digitalization.

• Plans to expand large model applications across government, enterprise, and SMB sectors.

• Ongoing investment in R&D and global market expansion, with emphasis on high-quality growth.