Financial Highlights
FOR THE YEAR ENDED 31 DECEMBER 2025
2025
RMB’000
2024
RMB’000
Revenue 2,638,523 2,509,152
Cost of goods sold (2,356,358) (2,215,543)
Gross profit 282,165 293,609
Other income 8,465 23,284
Impairment losses reversed (recognised) under expected credit loss model, net 29,174 (125,627)
Other (loss) gain (7,783) 381
Selling and distribution costs (50,769) (49,032)
Administrative expenses (40,198) (42,472)
Research and development costs (50,161) (54,322)
Finance costs (41,401) (49,153)
Profit (loss) before taxation 129,492 (3,332)
Tax charge (24,316) (4,582)
Profit (loss) for the year 105,176 (7,914)
Earnings (loss) per share
— basic RMB5.92 cents RMB(0.44) cents