Huali Industrial Group Company Limited (300979.SZ) released its 2025 annual report, revealing that the company achieved operating revenue of RMB 24.98 billion during the reporting period, representing a year-on-year increase of 4.06%. Net profit attributable to shareholders of the listed company amounted to RMB 3.207 billion, a decrease of 16.50% compared to the previous year. Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was RMB 3.257 billion, down 13.87% year-on-year. Basic earnings per share stood at RMB 2.75. The company proposed a cash dividend distribution of RMB 11.00 per 10 shares (tax inclusive) to all shareholders.
During the reporting period, customer order performance showed divergence, with orders from some long-term clients experiencing a decline, while order volumes from new clients increased significantly year-on-year. Compared to the previous year, New Balance entered the company's top five client list, and the revenue contribution from the top five clients decreased from 79.13% last year to 72.55%. This moderate diversification of the client base has enhanced the company's operational resilience amid growing macroeconomic uncertainties and volatility in consumer markets.
The combined output from the company's new factories located in China, Vietnam, and Indonesia totaled approximately 14.52 million pairs during the reporting period, with the overall ramp-up progress aligning with the company's preset plans. Due to the ramp-up phase of multiple new facilities and capacity allocation arrangements, the company's overall gross profit margin declined compared to the previous year.
