Zhuhai Yingboer Electric Co., Ltd. 2025 Annual Financial Settlement Report
Under the correct decisions of the company's board of directors and management, as well as the concerted efforts of all employees, the company achieved rapid growth in asset scale and operating income in 2025. The financial statements for 2025 were prepared in strict accordance with the provisions of the "Enterprise Accounting Standards" and were audited by Lixin Accounting Firm (Special General Partnership), which issued a standard unqualified audit report (Audit Report No. [2025] ZB10285). The auditor's opinion is that the company's financial statements are prepared in all material respects in accordance with the provisions of the enterprise accounting standards and fairly reflect the company's financial position as of December 31, 2025, as well as its operating results and cash flows for the year 2025. The relevant information regarding the company's 2025 Annual Financial Settlement Report is as follows:
1. Main Accounting Data
| Item | 2025 | 2024 | Change from Previous Year | 2023 |
|---|---|---|---|---|
| Operating Income (RMB) | 3,874,362,592.87 | 2,429,755,341.86 | 59.45% | 1,963,149,590.82 |
| Net Profit Attributable to Shareholders (RMB) | 185,758,373.40 | 71,002,115.80 | 161.62% | 82,361,504.08 |
| Net Profit Attributable to Shareholders Excluding Non-Recurring Gains and Losses (RMB) | 85,633,550.70 | 38,703,462.67 | 121.26% | 31,422,360.88 |
| Net Cash Flow from Operating Activities (RMB) | 848,793,901.09 | 299,916,950.88 | 183.01% | 260,268,766.41 |
| Basic Earnings Per Share (RMB/share) | 0.71 | 0.28 | 153.57% | 0.33 |
| Diluted Earnings Per Share (RMB/share) | 0.70 | 0.27 | 159.26% | 0.32 |
| Weighted Average Return on Equity | 8.26% | 3.74% | 4.52% | 4.63% |
| Item | 2025 | 2024 | Change from Previous Year | 2023 |
|---|---|---|---|---|
| Total Assets (RMB) | 7,489,088,014.84 | 5,235,144,375.28 | 43.05% | 4,129,201,418.57 |
| Total Liabilities (RMB) | 4,444,277,929.72 | 3,183,557,708.18 | 39.60% | 2,308,054,915.56 |
| Net Assets Attributable to Shareholders (RMB) | 3,040,816,301.03 | 2,051,586,667.10 | 48.22% | 1,821,146,503.01 |
In 2025, the company achieved operating income of 387,436.26 million yuan, an increase of 59.45% compared to the same period last year, and net profit attributable to shareholders of 18,575.84 million yuan, an increase of 161.62% compared to the same period last year. The net profit attributable to shareholders excluding non-recurring gains and losses was 8,563.36 million yuan, an increase of 121.26% compared to the same period last year. Basic earnings per share were 0.71 yuan, an increase of 153.57% compared to the same period last year. The weighted average return on equity was 8.26%, an increase of 4.52 percentage points compared to the same period last year.
2. Key Financial Indicators
| Item | 2025 | 2024 | Change from Previous Year | 2023 |
|---|---|---|---|---|
| Debt Ratio | 59.34% | 60.81% | -1.47% | 55.90% |
| Current Ratio | 117.05% | 167.38% | -50.33% | 148.10% |
| Quick Ratio | 70.49% | 113.30% | -42.81% | 98.11% |
| Equity Ratio | 146.15% | 155.18% | -9.03% | 126.74% |
| Accounts Payable Turnover Days | 146 | 142 | 4 | 166 |
| Accounts Receivable Turnover Days | 87 | 120 | -33 | 133 |
| Net Asset Per Share | 9.95 | 8.02 | 24.06% | 7.22 |
| Inventory Turnover Days | 150 | 163 | -13 | 187 |
| Current Asset Turnover Rate | 98.68% | 84.00% | 14.68% | 69.68% |
| Fixed Asset Turnover Rate | 2.83 | 3.21 | -0.38 | 3.30 |
| Total Asset Turnover Rate | 60.90% | 51.89% | 9.01% | 48.64% |
| Return on Total Assets | 3.09% | 1.45% | 1.64% | 2.61% |
| Cost Expense Profit Margin (%) | 4.53% | 2.00% | 2.53% | 4.07% |
| Gross Profit Margin | 15.88% | 14.86% | 1.02% | 16.29% |
| Net Profit Margin | 4.79% | 2.92% | 1.87% | 4.20% |
| Operating Income Growth Rate | 59.45% | 23.77% | 35.68% | -2.12% |
| Net Profit Growth Rate | 161.62% | -13.79% | 175.42% | 234.33% |
| Net Asset Growth Rate | 48.22% | 12.65% | 35.57% | 5.31% |