China Oriental Group Company Limited (China Oriental) announced that its 40.5%-owned subsidiary, Qingdao Huijintong Power Equipment Co., Ltd. (HJT), recorded a weaker set of results for the year ended 31 December 2025.
Revenue and Profitability • Operating income fell 9.4% year on year to RMB 4.18 billion, reflecting softer demand for power-equipment products. • Gross profit slipped to RMB 558.31 million, pushing the gross margin down 0.73 percentage points to 13.35%. • Operating profit contracted 27.7% to RMB 138.03 million, while finance expenses dropped 24.4% to RMB 97.90 million, partially cushioning the earnings decline. • Net profit attributable to shareholders decreased 33.4% to RMB 103.04 million; total net profit came in at RMB 107.80 million.
Cost and Expense Dynamics • Cost of sales edged down 8.7% to RMB 3.62 billion, closely tracking the revenue contraction. • Research and development spending was trimmed by 8.3% to RMB 170.92 million, maintaining HJT’s commitment to product innovation amid tighter profitability. • Selling and administrative expenses rose a combined 4.3% to RMB 141.99 million, mainly on higher distribution costs.
Balance-Sheet Highlights • Total assets expanded 6.8% to RMB 6.26 billion, driven by an 11.6% increase in current assets to RMB 4.77 billion. • Total liabilities climbed 8.2% to RMB 4.23 billion, led by a 25.0% rise in non-current liabilities to RMB 845.74 million. • Shareholders’ equity advanced 3.9% to RMB 1.96 billion, bolstered by the year’s retained earnings despite the profit downturn.
Per-Share Data • Basic and diluted earnings per share stood at RMB 0.3038, down from RMB 0.4562 a year earlier.
The disclosed figures pertain solely to HJT and do not represent the consolidated performance of China Oriental Group. Full audited statements are available on the Shanghai Stock Exchange website.
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