TIANJIN DEV (00882) Subsidiary Lisheng Pharmaceutical (002393) Reports FY2025 Net Profit Surge of 126.72%

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Tianjin Development Holdings Limited (TIANJIN DEV, 00882) announced that its 34.12%-owned subsidiary, Tianjin Lisheng Pharmaceutical Co., Ltd. (002393), released unaudited preliminary results for the financial year ended 31 December 2025 on the Shenzhen Stock Exchange. Key highlights are as follows:

• Revenue reached RMB 1.39 billion, a year-on-year rise of 4.23%, driven by broader market coverage and higher product sales.

• Operating profit doubled to RMB 469.96 million, up 112.03%, supported by improved sales mix and dividend income from an equity instrument.

• Total profit climbed 111.36% to RMB 456.43 million.

• Net profit attributable to shareholders jumped 126.72% to RMB 418.37 million; basic earnings per share increased accordingly from RMB 0.72 to RMB 1.62.

• Excluding extraordinary items, attributable net profit rose 64.16% to RMB 169.08 million.

• Weighted average return on equity improved to 8.56% from 3.74%.

Balance-sheet metrics show a contraction largely linked to fair-value movements in equity holdings:

• Total assets declined 3.48% to RMB 5.58 billion.

• Owners’ equity attributable to shareholders fell 2.93% to RMB 4.63 billion, translating into net assets per share of RMB 17.98, versus RMB 18.50 at the beginning of the period.

Management attributes the robust profit growth mainly to stronger sales performance and dividend contributions, while marking-to-market adjustments on equity investments weighed on net asset values. The figures are preliminary and subject to audit; final results will be disclosed in Lisheng Pharmaceutical’s 2025 annual report.

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