125 Beijing Stock Exchange company earnings forecasts released; high-growth sector highlights new industry momentum

As of February 1, there are 125 listed companies on the Beijing Stock Exchange that have disclosed their 2025 earnings forecasts or performance reports, revealing an initial outline of the market’s annual “report card.”

Wind data shows that among the companies that have disclosed forecasts, 76 expect to turn a profit in 2025, with over 60% showing positive earnings. Among these, 40 companies are expected to have performance “pre-boosts” (including pre-increases and turnaround profits).

In terms of growth rate, 27 companies forecast year-over-year increases in net profit attributable to shareholders, with more than ten companies such as Hongyu Packaging, Huiwei Intelligent, and Haineng Technology expecting their net profits to double or more, demonstrating strong earnings resilience. Additionally, 13 companies anticipate turning losses into profits.

Earnings growth is accompanied by clear structural differentiation. On one hand, companies in high-end manufacturing, digital economy, and health consumption sectors show significant growth; on the other hand, some industries like photovoltaic equipment are still in adjustment stages and face periodic pressures. The divergence in performance is closely related to the industry prosperity and the effectiveness of each company’s operational strategies, reflecting the differentiated development status of listed companies on the Beijing Stock Exchange across various sectors.

Looking at specific cases, a number of companies have become market focal points due to their impressive growth. Hongyu Packaging expects to achieve net profits attributable to shareholders of 17 million to 22 million yuan in 2025, a year-over-year increase of 357.91% to 492.59%, ranking among the top in growth. Regarding the reasons for performance changes, the company states: “During the reporting period, we focused on profit-oriented strategies, optimized customer and product structures, increased orders from high-margin customers; simultaneously, we strengthened procurement cost analysis and price negotiations, resulting in significant cost reductions.”

Haineng Technology also ranks among the top performers. The company expects to realize net profits attributable to shareholders of 41 million to 44 million yuan, a year-over-year increase of 213.65% to 236.61%. The company attributes the substantial pre-increase in performance mainly to the overall recovery of industry market demand, the significant trend of domestic manufacturing of high-end instruments, and rapid growth in fields such as new materials, new energy, and pharmaceuticals. Additionally, newly launched high-end instrument products have gained market recognition.

Jinhui Medical expects to achieve net profits attributable to shareholders of 15 million to 16 million yuan, a year-over-year increase of 150.98% to 167.72%. The company states: “The demand for OTC hearing aids in the U.S. continues to grow, and multi-channel operations drive core business growth; at the same time, after acquiring Intricon’s hearing health business in 2024, we quickly absorbed its core DSP chip technology for hearing aids, leading to a significant increase in hearing aid chip sales revenue.”

In terms of absolute profit scale, some companies demonstrate considerable size. Among those expected to be profitable, 20 companies project upper limits of net profits attributable to shareholders exceeding 50 million yuan.

Among these, Hengdong Optical expects its upper limit of net profit attributable to shareholders to reach 310 million yuan, an increase of 82.95% to 110.05%. The company attributes this growth to the rapid increase in AI computing power demand and the acceleration of data center construction, which has driven continuous growth in the global passive optical device market.

Jilin Carbon Valley also performs well, expecting to achieve net profits attributable to shareholders of 180 million to 220 million yuan, a year-over-year increase of 92.81% to 135.66%. The company states that as the carbon fiber market gradually recovers and through ongoing innovation and technological breakthroughs, product stability and performance have improved, leading to sustained sales growth.

Some companies, leveraging their accumulation in niche fields and strategic positioning in high-growth sectors, have achieved high-quality performance growth. For example, Xingchen Technology expects to realize net profits attributable to shareholders of 33 million to 35 million yuan in 2025, a year-over-year increase of 105.3% to 117.74%. The company states: “In the new energy sector, we continue to enhance product competitiveness and market share, which has become a key driver of overall profitability growth; additionally, several companies in aerospace and military industries have successfully advanced pre-research projects into small-batch production, further boosting performance.”

Lechuang Technology expects to achieve net profits attributable to shareholders of 33 million to 35 million yuan in 2025, a year-over-year increase of 95.46% to 107.31%. The company states that during the reporting period, the explosive growth of the smart glasses consumer market, along with increased investment by leading brands in production lines, has driven a surge in demand for upstream dispensing equipment. The sales of core components like dispensing control systems have risen sharply, with the company’s five-axis dispensing control systems gaining large orders due to their high speed, high precision, and intelligence, leading to doubled performance.

In the field of computing power services, Parallel Technologies expects to realize net profits attributable to shareholders of 20 million to 25 million yuan, a year-over-year increase of 65.88% to 107.35%. The company states: “Against the backdrop of a booming computing power service industry, we have built an intelligent scheduling platform to improve the efficiency of computing resource operations. The scale effect is gradually being realized, and cost control has shown significant results.”

Among the 13 companies expected to turn losses into profits, the improvement paths are diverse, mainly including recovery of core business, asset disposals, expense control, and investment income.

Shengnan Technology expects to achieve net profits attributable to shareholders of 7.5 million to 11 million yuan, turning from loss to profit. The company states: “During the reporting period, the main business product supply was steady, and demand in the defense equipment sector remained relatively stable; at the same time, compared to 2024, the impact of product pricing on revenue has decreased.”

Liu Jin Technology expects to realize net profits attributable to shareholders of 8.25 million to 10.7 million yuan, turning from loss to profit. The reasons include improved management of accounts receivable reducing credit impairment losses, the sale of equity in a controlling subsidiary generating investment income, accelerated cash flow from debt restructuring, and government subsidies being recognized.

Zhuozhao Dispensing expects to achieve net profits attributable to shareholders of 45 million to 60 million yuan, turning profitable. The company states that the growth is driven by the acceptance of existing projects, stable operation of core business, the new MetaAI glasses business increasing volume through indirect supply of precision dispensing valves via integrator partners, and contributions from subsidiaries consolidated into financial statements.