YICHEN IND(01596) reports a profit increase, with an expected consolidated net profit of approximately 334 million yuan in 2025, a turnaround from a loss to a profit year-on-year.
Yiteng Industrial (01596) announced that the group is expected to achieve a consolidated net profit of approximately RMB 334 million for the year ending December 31, 2025. This is a turnaround from the consolidated net loss of approximately RMB 57.7 million for the year ending December 31, 2024 (2024 fiscal year).
YICHEN IND (01596) announced that the Group is expected to achieve a consolidated net profit of approximately RMB 334 million for the year ending December 31, 2025. This is a significant improvement compared to the consolidated net loss of approximately RMB 57.70 million for the year ending December 31, 2024 (2024 fiscal year), turning from a loss to a profit.
The Board of Directors believes that the expected improvement in the Group's financial performance is mainly due to the increase in shipment volume of the Group's railway fastener system products and the decrease in raw material procurement prices in the fiscal year 2025. Therefore, the Group's revenue is expected to increase from approximately RMB 1.091 billion in the 2024 fiscal year to approximately RMB 1.667 billion in the 2025 fiscal year, an increase of approximately RMB 576 million or about 52.8%. The Group's gross profit is expected to increase by approximately RMB 331 million in the 2025 fiscal year, an increase of approximately 130.8%.
This growth is also consistent with the continued growth in China's railway infrastructure investment. According to data released by the China National Railway Administration, in 2025, the total fixed asset investment in the national railway reached approximately RMB 901.5 billion, a year-on-year increase of approximately 6.0%, with approximately 3109 kilometers of new lines put into operation, including approximately 2862 kilometers of high-speed rail.
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