Jiangsu Zhongtian Technology (600522) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 reached ¥23.60 billion, up 10.19% year-over-year; net profit attributable to shareholders was ¥1.57 billion, up 7.38% year-over-year.

• Gross margin remained stable; basic EPS was ¥0.462, up 7.44% year-over-year.

• Major business segments—energy interconnection, information communication, and new energy—showed robust growth, with significant breakthroughs in offshore wind, high-voltage cables, and storage.

• Overseas revenue grew 4.33% year-over-year, with products exported to over 160 countries.

• The company continued to invest in R&D, digital transformation, and green manufacturing, enhancing its global competitiveness.

Financial highlights

• Operating income: ¥23.60 billion, up 10.19% year-over-year.

• Net profit attributable to shareholders: ¥1.57 billion, up 7.38% year-over-year.

• Operating cash flow: -¥1.86 billion, reflecting increased cash outflows for inventory and labor.

• Total assets: ¥61.03 billion, up 4.48% from year-end 2024.

• Net assets attributable to shareholders: ¥35.58 billion, up 1.39% from year-end 2024.

• Non-recurring profit and loss: ¥99.86 million, mainly from government subsidies and fair value changes.

Outlook and guidance

• The company expects continued growth in energy interconnection, offshore wind, and digital communication, driven by national policy and global demand.

• Strategic focus remains on R&D, green manufacturing, and global market expansion.

• Risks include policy changes, market competition, overseas uncertainties, exchange rate fluctuations, and raw material price volatility.