Shanghai Zhida Technology Development Co., Ltd. (“Zhida Tech”) reported FY 2025 revenue of RMB 716.51 million, a 20.7% increase year-on-year, driven by stronger product sales and fast-growing overseas demand.
Gross profit rose 23.0% to RMB 108.91 million, pushing the gross margin up 0.3 percentage points to 15.2%. The annual net loss narrowed to RMB 163.84 million, 30.5% lower than the 2024 shortfall, helped by higher margins on exported products and tighter cost controls. Basic loss per share improved to RMB 2.97 from RMB 4.54.
Product revenue jumped 46.8% to RMB 447.06 million, now contributing 62.4% of total sales, while service revenue dipped 6.7% to RMB 269.45 million following pricing pressure in installation work.
Operationally, Zhida Tech delivered 619,500 EV chargers during the year, up 76.4%. Overseas business exceeded RMB 100 million, accounting for 17.1% of total revenue versus 12.1% in 2024; export volumes climbed 79.6% to 102,500 units. Sales to domestic automakers reached 340,200 units, a 68.8% increase.
High-margin innovations gained momentum: revenue from EV charging robots grew 88.83% year-on-year. The company’s nationwide service network now spans more than 360 Chinese cities and handled 492,900 installation and after-sales tasks in 2025.
Cash and cash equivalents more than doubled to RMB 291.63 million, boosted by HK$326.60 million in net proceeds from the October 2025 Hong Kong listing. Net current assets swung to RMB 57.30 million from a RMB 86.40 million deficit a year earlier, while the total liabilities-to-assets ratio improved to 78.3% from 94.1%.
Management will not declare a final dividend for 2025. Strategic priorities for 2026 include accelerated global manufacturing set-ups, expansion of higher-margin retail channels, continued rollout of advanced charging products, and ongoing cost optimisation.
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