Message to Our Shareholders
Another year has passed, marked by solid progress and tangible achievements. In 2025, industrial transformation advanced relentlessly across the globe, and new quality productive forces showed the way forward for those with the courage to explore. The year marked the 30th anniversary of Dongfang Precision, a significant milestone. Over three decades, we have weathered challenges and advanced with perseverance. In the year, we stood at a pivotal juncture bridging the previous and forthcoming 15th Five-Year Plan period. While maintaining our foundation of sound operations, we also took decisive action to initiate the most profound strategic focus and self-transformation since our cross-border acquisition in 2014.
First and foremost, this is a testament to “stability”. Over the past year, despite a complex external environment, all employees of Dongfang Precision upheld a long-term perspective, ensuring strong resilience in our core business. In 2025, the Company recorded operating revenue of RMB 5,229 million; and net profit attributable to owners of the parent company reached RMB 725 million, representing a year-on-year increase of 44.88%. This growth was driven not only by our refined cost management and efficient supply chain coordination, but also by our deep-rooted presence in global markets. From mature markets in Europe and the United States to emerging regions such as Southeast Asia and Latin America, Dongfang Precision’s intelligent equipment and services continued to serve customers in over 100 countries and regions worldwide with enhanced efficiency.
However, the true theme of 2025 was “change”. This year, we undertook a profound process of “subtraction”, which in essence enabled a greater “addition”. On 28 November 2025, we announced a strategic decision: to propose the sale of 100% equity in three companies, namely the Fosber Group, Fosber Asia, and Tiruña Asia. This marked a significant asset restructuring in the Company’s history and reflected our original aspiration in making strategic trade-offs. Drawing on decades of accumulated capabilities in high-end equipment manufacturing and industrial integration, we are firmly committed to shifting our strategic focus towards technological upgrading.
- Advancing “In Depth” to Strengthen and Expand “Parsun Power”
The water powersports equipment business has long been Dongfang Precision’s “hidden champion”. From 2020 to 2025, Parsun Power achieved a compound annual growth rate of 24% in both operating revenue and net profit. In 2025, with the commissioning of a new plant and the release of production capacity, Parsun Power entered a phase of accelerated growth. We are pleased to see that, with the mass production of gasoline outboard motors ranging from 115 to 300 horsepower, Parsun Power has successfully broken the long-standing monopoly of manufacturers from the United States and Japan, making China the third country globally to master the core technology of 300-horsepower gasoline outboard motors. In addition, Parsun Power became the first domestic outboard motor enterprise to obtain CNAS laboratory accreditation, and has established a strong technological moat supported by a comprehensive “gasoline–diesel–electric” product portfolio and a national-level R&D platform. Meanwhile, as a leading enterprise in the domestic industry, its products have obtained multiple international certifications, its brand enjoys global recognition, and its sales network covers over 100 countries. Looking ahead, we will take Parsun Power as our core platform and continue to increase investment in frontier fields such as high-horsepower, electric outboard motors and unmanned vessels, enabling Chinese intelligent manufacturing to expand its presence in international waters and capture a broader market worth hundreds of billions.
- Reaching “Higher” by Deepening our Presence in “Strategic Emerging Industries”