Zhejiang Xiantong's revenue in 2025 is 1.52B yuan, with a net profit year-on-year increase of 29.22%

Whale News April 7th: On April 7th, Zhejiang Xiantong released its 2025 annual report.
Data shows that the company achieved operating revenue of 1.52B yuan in 2025, a year-on-year increase of 24.31%;
net profit attributable to the parent company of 222 million yuan, up 29.22% year-on-year;
and non-recurring profit and loss of 2.20 million yuan, accounting for 0.86% of net profit attributable to the parent,
with both amount and proportion remaining at relatively low levels, indicating continuous optimization of profit structure and strong sustainability of operating results.

In 2025, the company’s net profit margin reached 14.58%, an increase of 0.55 percentage points year-on-year,
while the automotive parts industry’s gross profit margin for the same period was 28.19%, a decrease of 0.30 percentage points.

Looking at quarterly data, in the fourth quarter, the company achieved operating revenue of 498 million yuan,
net profit attributable to the parent of 70.23 million yuan, and non-recurring net profit attributable to the parent of 71.21 million yuan,
accounting for 32.70%, 31.74%, and 32.37% of the annual totals, respectively,
showing an accelerated production and sales rhythm at the end of the year and a significant peak season effect.

From a business structure perspective, rubber sealing strips revenue reached 220M yuan,
accounting for 84.70% of main business revenue;
plastic sealing strips revenue was 222 million yuan, accounting for 15.15%;
the combined contribution of the two to main business revenue was 99.85%, further increasing product concentration.

Regionally, all main business revenue came from the domestic market, with domestic revenue maintaining 100%.
Sales expenses were 65.03 million yuan, up 25.34% year-on-year, slightly higher than revenue growth,
but overall aligned with revenue growth, consistent with business expansion pace.

Net cash flow from operating activities was 1.15 billion yuan, an increase of 61.77%,
mainly due to increased cash received from sales of goods and provision of services.

R&D investment was 55.23 million yuan, up 11.18%,
accounting for 3.63% of operating revenue;
there were 271 R&D personnel, accounting for 10.72% of the company’s total staff,
with stable R&D investment intensity and talent allocation.

Regarding dividends, based on the total share capital of 115M shares at the end of 2025,
the company distributed a cash dividend of 3.00 yuan (tax included) per 10 shares to all shareholders,
totaling 81.22 million yuan, with cash dividends accounting for 36.60% of net profit attributable to the parent.