Zhongmiao Holdings Qingdao (1471) H2 2025 earnings summary

Executive summary

• FY2025 revenue rose 20.6% YoY to RMB248.1m and profit for the year increased 23.2% to RMB56.9m, with growth supported by insurance agency services and the acquisition-led expansion into banking technology.

• Operating cash inflow reached RMB89.2m, up 196.3% YoY; proposed final dividend of RMB0.16 per share is subject to shareholder approval.

Financial highlights

• Revenue was RMB248.1m versus RMB205.8m in FY2024; gross profit rose 15.4% to RMB90.9m.

• Profit from operations increased to RMB66.5m from RMB57.1m; profit before tax was RMB66.3m versus RMB56.9m.

• Profit for the year was RMB56.9m, up 23.2%; profit attributable to equity shareholders increased 10.7% to RMB51.7m.

• Operating cash inflow was RMB89.2m, up 196.3% YoY; management cited strong cash generation and cash flow at 1.6x net profit.

Outlook and guidance

• Strategy centers on “technology + scenario + ecosystem,” expanding collaboration across insurance, banking and technology and developing the insurance distribution and fintech businesses together.

• Priorities include deeper corporate and family insurance scenarios, stronger strategic channels, and further development of intelligent claims and risk-control tools.

• Planned technology investment includes AI risk-reduction systems and insurance-service Agents, alongside broader deployment of banking systems and regional off-site cash sorting centres.