The disclosure of annual reports by A-share listed companies is proceeding at a rapid pace. As of 8:00 PM on March 16, 2026, more than one hundred companies had announced their 2025 performance figures.
Based on the disclosed data, the A-share market in the past year exhibited distinct characteristics of "leading companies continuing to set the pace, with emerging industries maintaining their positive momentum." Approximately 80% of the companies reported profitable results, with their combined operating revenue surpassing 2 trillion yuan.
In 2025, the profitability of industry leaders remained impressive. Among the 102 listed companies that had disclosed their 2025 performance, more than 20 reported net profit attributable to shareholders exceeding 10 billion yuan, with three companies achieving profitability at the 100-billion-yuan level.
As a global leader in power batteries, Contemporary Amperex Technology Co.,Ltd. topped the list with a net profit attributable to shareholders of 72.201 billion yuan in 2025, a year-on-year increase of 42.28%. The company achieved operating revenue of 423.702 billion yuan, up 17.04% year-on-year. Concurrently, the company proposed a substantial dividend plan, intending to distribute cash dividends exceeding 30 billion yuan, demonstrating its strong cash flow capabilities and commitment to shareholder returns.
Foxconn Industrial Internet Co.,Ltd., a global leader in the professional design and manufacturing services of communication network equipment, cloud service equipment, precision tools, and industrial robots, benefited from the accelerated global explosion in demand for AI computing power. In 2025, the company achieved operating revenue of 902.887 billion yuan, a surge of 48.22% year-on-year. Its net profit attributable to shareholders reached 35.286 billion yuan, increasing by 51.99% year-on-year, with both revenue and profit growth rates hitting record highs since its listing.
Baofeng Energy, operating in the traditional coal chemical industry, also delivered a strong performance. In 2025, the company achieved annual operating revenue of 48.038 billion yuan, a year-on-year increase of 45.64%. Its net profit surged 79.09% year-on-year to 11.35 billion yuan, and its net profit after deducting non-recurring gains and losses broke through the 10-billion-yuan mark for the first time, reaching 11.52 billion yuan.
From an industry distribution perspective, companies in emerging sectors such as AI computing power and semiconductors have shown particularly outstanding performance among the group of listed companies that have so far disclosed their 2025 annual reports.
Cambricon Technologies Corporation Limited achieved a turnaround to profitability for the full year 2025, reporting a net profit attributable to shareholders of 2.059 billion yuan. In its annual report, the company stated that the global artificial intelligence industry entered a period of rapid growth in 2025, with technological breakthroughs in large language models and generative AI triggering a wave of industry transformation. Computing power, as the fundamental cornerstone of AI applications, experienced rapidly rising demand.
As a leading global supplier of PCBs for artificial intelligence and high-performance computing, Shengyi Technology's disclosed 2025 annual report also elaborated that, benefiting from the development of AI and the enhancement of AI computing power, demand for high-end products such as HDI and high-end multi-layer boards grew rapidly. Against this backdrop, Shengyi Technology achieved operating revenue of 19.293 billion yuan in 2025, a year-on-year increase of 79.77%, and realized a net profit attributable to shareholders of 4.312 billion yuan, surging 273.52% year-on-year.
A number of other high-performing listed companies are scheduled to release their positive earnings reports subsequently.
By March 16, over 3,000 A-share listed companies had issued their 2025 performance forecasts or preliminary statements, with more than half anticipating positive results. Over 700 companies are expected to see their net profits double year-on-year. Among these, the performance of companies in the new energy and AI computing power sectors is particularly noteworthy and promising.
According to disclosed announcements, Eoptolink Technology Inc., benefiting from sustained growth in computing power investment and rapidly increasing demand for high-speed products, expects to achieve a net profit attributable to shareholders in the range of 9.4 billion to 9.9 billion yuan for 2025, representing a year-on-year increase of 231.24% to 248.86%. Similarly, Zhongji Innolight, benefiting from strong investments in computing infrastructure by end customers, reported in its 2025 performance preview a net profit attributable to shareholders of 10.799 billion yuan, a year-on-year increase of 108.81%, and a net profit after deducting non-recurring items of 10.71 billion yuan, up 111.32% year-on-year.
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