Victory Giant Technology (HuiZhou) (300476) Q4 2025 earnings summary

Executive summary

• Achieved record revenue of ¥19.29 billion in 2025, up 79.77% year-over-year, with net profit attributable to shareholders of ¥4.31 billion, up 273.52% year-over-year, driven by AI and high-end PCB demand.

• High-end product mix and global expansion, especially in Southeast Asia, contributed to growth and improved margins.

• R&D investment reached ¥778 million, up 72.88% year-over-year, focusing on AI, automotive electronics, and advanced PCB technologies.

Financial highlights

• Revenue: ¥19.29 billion, up 79.77% year-over-year.

• Net profit attributable to shareholders: ¥4.31 billion, up 273.52% year-over-year.

• Gross margin improved, with operating cash flow at ¥4.60 billion, up 238.85% year-over-year.

• Total assets: ¥35.24 billion, up 83.80% from previous year-end.

• Basic EPS: ¥5.01, up 273.88% year-over-year.

Outlook and guidance

• Strategic focus on AI, data centers, and high-end PCB, aiming for continued high-quality growth and global leadership.

• 2026 plans include further global expansion, R&D investment, and operational efficiency improvements.

• Targeting enhanced customer value, operational excellence, and sustainable development.