Haitian International (1882) investor relations material

Executive summary

• Revenue rose 10.0% year-over-year to RMB17,733.2 million, driven by global supply chain restructuring and strong demand in select downstream industries.

• Net profit attributable to shareholders increased 7.2% to RMB3,301.1 million, with a net profit margin of 18.6%.

• Gross profit margin improved slightly to 32.7% due to lower raw material costs and economies of scale.

• Overseas sales surged 26.4% year-over-year, while domestic sales remained stable with a 0.2% increase.

• The Board declared a second interim dividend of HKD0.80 per share, up from HKD0.73 per share in 2024.

Financial highlights

• Operating profit grew 8.9% to RMB3,848.8 million year-over-year.

• Basic earnings per share rose 7.2% to RMB2.07.

• Selling and administrative expenses increased 15.6% to RMB2,673.2 million, mainly due to higher sales commissions, labor, and R&D costs.

• Net finance income declined to RMB108.1 million from RMB173.4 million, mainly due to lower interest income and higher interest expenses.

• Cash and cash equivalents at year-end were RMB3,739.4 million, up from RMB2,745.4 million.

Outlook and guidance

• The company expects continued global economic uncertainty in 2026, with inflation and exchange rate volatility impacting raw material prices and supply chains.

• Plans to enhance domestic market advantages and expand overseas through localized factories and product adaptation.

• Focus on technological innovation, energy efficiency, and customized solutions to drive growth.