DEEWIN (02418) announced its annual financial results for the period ending December 31, 2025. The company achieved operating revenue of approximately RMB 2.762 billion, representing a year-on-year increase of 5.12%. Net profit attributable to shareholders of the listed company was RMB 68.292 million, a decrease of 55.43% compared to the previous year. Basic earnings per share were RMB 0.03. The board proposed a final dividend of RMB 0.3147 per 10 shares (tax inclusive).
Within the supply chain financial services segment, the company concentrated on its core responsibility of integrating sales and financing for commercial vehicles. Adhering to the operational principle of risk diversification, it actively explored new business growth opportunities by engaging with leading clients across the commercial vehicle industry chain, high-end equipment manufacturing, fine chemicals, and peer institutions. This effort advanced the formation of a business structure primarily focused on vehicle-related activities, supplemented by non-vehicle operations. In 2025, the company established specialized task forces with original equipment manufacturers to deepen cooperative alliances with dealers and strategic clients, creating a synergistic mechanism for shared channel development, risk sharing, and benefit distribution.
Throughout 2025, the company launched nearly 100 tailored financial policies. It also made steady progress in building its financing platform. DEEWIN Financial Leasing issued asset-backed securities (ABS) totaling RMB 1.13 billion. The cumulative new investment amount for its financial leasing and factoring businesses reached RMB 8.533 billion, achieving efficient coordination with sales terminals.
In the telematics and data services segment, the company systematically restructured and upgraded its product and service system in 2025, guided by the dual focus of "data-driven operations and business enablement." For logistics customers, it integrated existing products and algorithmic capabilities to launch an upgraded "Smart Logistics" platform. This platform enables full-chain digital management from transportation oversight to custody operations and currently serves over 100 logistics enterprises. For dealer partners, the company innovatively introduced a "Digital Intelligent Marketing" platform, providing marketing tools such as standardized vehicle selection and operational tracking services to more than 100 dealers.
As of December 31, 2025, the number of heavy commercial vehicles connected to the company's telematics platform was approximately 1.26 million. In 2025, the group's subsidiary, Tianxingjian Telematics, was designated as a Shaanxi Province "Little Giant" specialized and sophisticated enterprise and received the title of Provincial Enterprise Technology Center in Shaanxi.
In response to market conditions where domestic commercial vehicle sales have entered a phase of deep stock development with weak new vehicle demand, and to meet the needs of price-sensitive customers, the company developed the "DEEWIN Easy Passage" officially certified used vehicle business for Shaanxi Auto. To address intense domestic market competition, the company firmly anchored its overall global expansion strategy and actively promoted the establishment of overseas subsidiaries. In 2025, it signed a strategic cooperation agreement with Yongqing Group for comprehensive collaboration on digital intelligent logistics within the IMIP park in Morowali, Indonesia. This marks the official entry of the company's overseas operations into a new phase of on-the-ground implementation, representing a foundational step in its international strategy.
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