Zhejiang JIULI Hi-tech Metals (002318) Q4 2025 earnings summary

Executive summary

• Revenue reached ¥12.06 billion, up 10.44% year-over-year, with net profit attributable to shareholders at ¥1.51 billion, a 1.27% increase year-over-year.

• Operating cash flow surged 127.75% year-over-year to ¥1.89 billion, reflecting improved collection and inventory management.

• Gross margin was 24.66%, with a slight decrease from the previous year, and basic EPS was ¥1.59.

• The company maintained a strong position in the industrial stainless steel pipe and special alloy sector, with significant market share and global reach.

Financial highlights

• Revenue: ¥12.06 billion (+10.44% YoY); Net profit: ¥1.51 billion (+1.27% YoY).

• Operating cash flow: ¥1.89 billion (+127.75% YoY); Total assets: ¥13.92 billion.

• Gross margin: 24.66%; ROE: 19.04%; Basic/Diluted EPS: ¥1.59.

• Significant non-recurring gains included ¥241.67 million from asset disposals.

Outlook and guidance

• 2026 targets: finished pipe sales of ~220,000 tons, pipe fittings ~11,000 tons.

• Focus on high-end, international, digital, and green development, with emphasis on high-value sectors like energy transition, nuclear, and aerospace.

• Continued investment in R&D and global capacity expansion, especially in high-end products and overseas bases.