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

As of February 1, 125 publicly listed companies on the Beijing Stock Exchange have disclosed their performance forecasts or performance summaries for the year 2025, providing an initial outline of the market’s annual “report card.”

According to Wind data, among the companies that have disclosed forecasts, 76 expect to achieve profitability in 2025, with a profit margin exceeding sixty percent. Among them, a total of 40 companies have positive performance forecasts (including profit increases and turning losses into profits).

In terms of growth rate, 27 companies forecasted a year-on-year increase in net profit attributable to shareholders, with more than ten companies, including Hongyu Packaging, Huiwei Intelligence, and Haineng Technology, expecting to achieve over double the year-on-year growth in net profit attributable to shareholders, demonstrating strong performance elasticity. Additionally, 13 companies expect to turn losses into profits.

The growth in performance is accompanied by clear structural differentiation. On one hand, companies in high-end manufacturing, digital economy, and health consumption sectors show significant performance growth; on the other hand, some industries, such as photovoltaic equipment, are still in an adjustment phase and face periodic pressures. The differentiation in performance is closely related to the prosperity of the industries to which the companies belong and the effectiveness of their operational strategies, reflecting the differentiated development status of companies listed on the Beijing Stock Exchange in different sectors.

Looking at specific cases, a number of companies have become market focal points due to outstanding performance growth. Hongyu Packaging expects to achieve a net profit attributable to shareholders of 17 million to 22 million yuan in 2025, a year-on-year increase of 357.91% to 492.59%, ranking among the top in growth rate. Regarding the reasons for the performance change, the company stated: During the reporting period, it focused closely on a profit-oriented overall strategy, optimized customer and product structure, and increased the proportion of high-margin customer orders; at the same time, it strengthened procurement cost analysis and price negotiations, resulting in significant cost reduction achievements.

Haineng Technology’s performance growth is also significant. The company expects to achieve a net profit attributable to shareholders of 41 million to 44 million yuan, a year-on-year increase of 213.65% to 236.61%. The company stated that the substantial profit increase is mainly due to the overall recovery of market demand in the industry, the significant trend of domestic manufacturing of high-end instruments, and rapid growth in areas such as new materials, new energy, and pharmaceuticals, with new high-end instrument products gaining market recognition.

Jinhao Medical expects to achieve a net profit attributable to shareholders of 15 million to 16 million yuan, a year-on-year increase of 150.98% to 167.72%. The company stated: The demand in the U.S. OTC hearing aid market continues to grow, driving main business growth through omnichannel operations; at the same time, after acquiring Intricon’s hearing health business in 2024, the company quickly assimilated its core technology for hearing aid DSP chips, resulting in significant growth in sales revenue from hearing aid chips.

In terms of absolute profit scale, some companies exhibit considerable size. Among the companies expected to be profitable, 20 expect their net profit attributable to shareholders to exceed 50 million yuan.

Among them, Hangdongguang expects a net profit attributable to shareholders of up to 310 million yuan, a year-on-year increase of 82.95% to 110.05%. The company attributes its growth to the rapid increase in demand for AI computing power and the accelerated construction of data centers driving continuous growth in global passive optical device market demand.

Jilin Carbon Valley also performed impressively, expecting to achieve a net profit attributable to shareholders of 180 million to 220 million yuan, a year-on-year increase of 92.81% to 135.66%. The company stated that with the gradual recovery of the carbon fiber market, and its continuous innovation and technological breakthroughs improving product stability and performance, product sales have continuously grown.

Some companies have achieved high-quality performance growth by leveraging their accumulation in niche fields and positioning themselves in high-prosperity sectors. For example, Xingchen Technology expects to achieve a net profit attributable to shareholders of 33 million to 35 million yuan in 2025, a year-on-year increase of 105.3% to 117.74%. The company stated: It continues to enhance product competitiveness and market share in the new energy sector, making this segment a key engine for overall profit growth; at the same time, multiple pre-research projects in aerospace and military industries have successfully entered small-scale production stages, further driving performance improvements.

Lechuang Technology expects to achieve a net profit attributable to shareholders of 33 million to 35 million yuan, a year-on-year increase of 95.46% to 107.31%. The company stated that during the reporting period, with the explosive growth of the smart glasses consumer market, leading brands expanded their production line investments, driving a surge in demand for upstream dispensing equipment, with sales of its core dispensing control system significantly increasing. The company’s five-axis dispensing control system has received bulk orders due to its advantages in speed, precision, and intelligence, driving performance to achieve doubling growth.

In the computing power service sector, Bihang Technology expects to achieve a net profit attributable to shareholders of 20 million to 25 million yuan, a year-on-year increase of 65.88% to 107.35%. The company stated that against the backdrop of the thriving computing power service industry, it has improved the operational efficiency of computing power resources by building an intelligent scheduling platform, gradually releasing scale effects, with significant results in cost control.

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

Shengnan Technology expects to achieve a net profit attributable to shareholders of 7.5 million to 11 million yuan, turning losses into profits. The company stated: During the reporting period, the supply rhythm of its main business products was stable, and the demand in the defense equipment supply sector was relatively robust; at the same time, compared to 2024, the impact of product price reviews on revenue decreased.

Liujin Technology expects to achieve a net profit attributable to shareholders of 8.25 million to 10.7 million yuan, turning losses into profits. The reasons for the performance change include enhanced management of accounts receivable leading to a reduction in credit impairment losses, investment income generated from the sale of equity in a subsidiary, profits from accelerated collections through debt restructuring, and government subsidies recognized.

Zhuohao Dispensing expects to achieve a net profit attributable to shareholders of 45 million to 60 million yuan, turning losses into profits. The company stated that the performance growth stems from the acceptance of existing projects, steady operation of its original business, the emerging MetaAI glasses business achieving volume through indirect supply of precision dispensing valves via integration manufacturers, and the profit contribution from the consolidation of its subsidiary.