Proposed 10-for-3 transfer with a 10 yuan dividend; Kolide Equipment's global market layout continues to improve.

Source: Shanghai Securities News · China Securities Network

The Shanghai Securities News China Securities Network (Reporter: Liu Li) KoLi Equipment disclosed its 2025 annual report on the evening of April 3. During the reporting period, the company achieved operating revenue of 677 million yuan, up 10.70% year over year; attributable net profit was 155 million yuan, up 3.33% year over year. While performance increased, KoLi Equipment also released a dividend proposal. The company plans to use 95.2 million shares as the base, and distribute cash dividends of 10 yuan for every 10 shares to all shareholders (including tax), and also increase capital with capital reserve funds, transferring 3 shares for every 10 shares to all shareholders.

KoLi Equipment mainly engages in the research, development, production, and sales of automotive glass assembly component products. After years of deep cultivation, backed by technical advantages, the company has become one of the suppliers in the industry with the widest variety of automotive glass assembly component products and the broadest coverage of vehicle models.

In 2025, driven by the development of the new energy vehicle market, China’s automobile production and sales volume continued to grow at a high rate. Industry chain coordination and upgrading accelerated, bringing broad development opportunities to the automotive parts industry. During the reporting period, driven by the volume of orders from downstream automotive glass customers, the company’s main business revenue continued to grow. In terms of business structure, in 2025, the windshield installation components accounted for 82.36% of revenue, up 16.49% year over year.

The annual report shows that KoLi Equipment has customer resource advantages. The company’s major customers are automotive glass manufacturers and OEM/automaker customers. The automotive glass industry is one of the industries with relatively high concentration among automotive parts. The company has established long-term, stable business cooperation relationships with the world’s top four automotive glass manufacturers, which together account for nearly 90% of the market share, bringing the company continuous and stable sales orders. In addition, the company actively expands OEM customer relationships and has successively become a qualified supplier for Great Wall Motor and Dongfeng Nissan. It has now developed into the largest domestic production enterprise for injection-molded and extrusion-type automotive glass assembly component products.

The annual report shows that, by region, in 2025 KoLi Equipment’s domestic market accounted for 73.99% of total revenue, up 13.09% year over year; overseas revenue accounted for 26.01%, up 4.41% year over year.

During the reporting period, KoLi Equipment newly established a holding company, Japan KoLi, with a shareholding ratio of 52%. At present, the company uses its U.S. and Japan subsidiaries as two core hubs to build a global operating system with complementary linkage between the Eastern and Western hemispheres, promoting overseas business to upgrade from “product export” to “capacity export.”

To consolidate its clear technological advantages, KoLi Equipment has continued to increase R&D investment. In 2025, the company’s R&D investment was 36.3241 million yuan. As of December 31, 2025, the company had 85 patents, including 12 invention patents and 68 utility model patents (excluding 6 utility model patents that became invalid in September 2025), and 5 design patents. During the reporting period, the company added 3 authorized invention patents and 4 authorized utility model patents.

During the reporting period, the company continued research and development of nano-coating series materials and technologies. The anti-VOC pollution light-absorbing coating technology developed by the company successfully addressed the industry pain point of VOC pollution in the area of automotive advanced driver-assistance system (ADAS) camera modules, significantly improving the safety of ADAS. Its comprehensive technical indicators are at the leading level in the industry. This technology has been applied in the field of ADAS camera brackets for new energy vehicles and has been adopted as an iterative technology by more than 10 new energy vehicle models, including Xiaomi, BYD, NIO, Li Auto, XPeng, Seres, and Leapmotor.

In its annual report, the company stated that it will tackle a new strategic track this year and cultivate a second growth curve. By focusing on nano-coating new materials—this high-potential strategic emerging track—as the direction for key breakthroughs for the year, it will accelerate the pace of industrialization implementation, promote iterative upgrades of core technologies and large-scale mass production, and build a strategic layout driven by “automotive parts + nano-coating new materials” on two wheels, cultivating a core engine for sustainable growth.

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