Yutong Heavy Industries (600817.SH) releases 2025 annual performance, with net profit attributable to shareholders of 309 million yuan, a year-on-year increase of 36.25%.

Yutong Heavy Industries (600817.SH) Disclosed its 2025 annual report. During the reporting period, the company achieved operating revenue of 3.487 billion yuan, a year-on-year decrease of 8.20%; net profit attributable to shareholders of the listed company was 309 million yuan, a year-on-year increase of 36.25%; net profit after deducting non-recurring items was 202 million yuan, a year-on-year increase of 16.90%; basic earnings per share was 0.59 yuan.

During the reporting period, driven by factors such as growth in industry new energy demand, the company’s new energy sanitation equipment and new energy mining equipment both recorded an increase in sales. The company’s operating performance improved year-on-year, achieving operating revenue of 3.487 billion yuan, a gross profit margin of 24.71%, up 3.15 percentage points year-on-year, and realizing net profit attributable to shareholders of the listed company of 309 million yuan, up 36.25% year-on-year. After excluding the impact on the company’s 2025 operating results from the operating businesses of Aolande ( sanitation services ) and Luyuan Catering Waste, which were no longer included in the consolidated scope at the end of the period, as well as gains or losses arising from the sale of equity interests, the company achieved operating revenue of 3.293 billion yuan in 2025, up 5.1% year-on-year; net profit attributable to shareholders of the listed company was approximately 260 million yuan, up 73% year-on-year, and the operating quality of the vehicle business improved.

The company’s operating quality further improved. During the reporting period end, the company’s asset-liability ratio was 34.98%, down 9.39 percentage points from the end of 2024; it continued to maintain interest-bearing liabilities at zero; receivables risks were resolved quickly. The balances of the accounts receivable and notes receivable line items decreased by 39.37% compared with the beginning of the year, and the number of days in receivables turnover decreased significantly year-on-year. At the same time, to support the healthy development of the new energy vehicle industry, the company accelerated the compression of supplier payment terms, alleviating suppliers’ cash flow pressure, and solidified the foundation of mutual trust in the industrial chain and supply chain. The balances of the accounts payable and notes payable line items decreased by 63.07% compared with the beginning of the year, and the number of days in payables turnover also achieved a significant year-on-year decline.

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