1. Main Operating Conditions During the Reporting Period
(1) Overall Performance
In 2025, Guangdong Tosstar Technology Co., Ltd. (hereinafter referred to as "the Company") deepened its strategic transformation of "focusing on products and contracting projects," continuously optimizing its business structure. During the reporting period, the Company achieved operating revenue of 2,510.08 million yuan, a year-on-year decrease of 12.59%; the overall gross margin was 28.25%, an increase of 13.66 percentage points year-on-year; the net profit attributable to shareholders of the listed company was 73.87 million yuan, a year-on-year increase of 130.12%; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 56.71 million yuan, a year-on-year increase of 122.70%. The revenue proportion of product-related business increased by 6.67 percentage points, with a gross profit contribution ratio of 60%. The main reason for the decline in operating revenue was the Company's continued proactive contraction of project-related business, with revenue from smart energy and environmental management systems shrinking by 25.55%. The main reasons for the profit increase were: ① the scale and profitability of product-related business improved, with gross profit growth in industrial robots and injection molding equipment; ② the smart energy and environmental management systems business continued to contract and achieved profitability through order control and refined management; ③ the financial expenses related to the convertible bonds "Tosstar Convertible Bonds" were reduced by 27.457 million yuan year-on-year due to their delisting on December 25, 2024. During the reporting period, the smart energy and environmental management systems business was basically divested, and its revenue will further decline in the future. As the competitiveness and scale of products such as industrial robots, injection molding equipment, and CNC machine tools continue to improve, the Company's business structure will continue to optimize, and the proportion of product-related business will further increase, leading to a steady improvement in profitability.
2. Operating Conditions of Each Business Segment
| Business Segment | Operating Revenue (10,000 yuan) | Gross Margin | Year-on-Year Revenue Change | Year-on-Year Gross Margin Change |
|---|---|---|---|---|
| Industrial Robots and Automation Systems | 68,513.86 | 35.84% | -9.24% | 1.24% |
| Injection Molding Equipment | 49,868.64 | 39.73% | -2.45% | 6.98% |
| CNC Machine Tools | 32,505.29 | 25.86% | 5.48% | -4.00% |
| Smart Energy and Environmental Management Systems | 91,531.25 | 14.67% | -25.55% | 26.33% |
| Others | 8,589.02 | 54.97% | 26.62% | -6.78% |
| Total | 251,008.05 | 28.25% | -12.59% | 13.66% |