Innovation-driven growth: Shenzhen Stock Exchange technology companies' 2025 performance forecast looks promising

Securities Daily Reporter Mao Yirong

Against the backdrop of the ongoing deepening of the “Made in China” strategy and the accelerated development of artificial intelligence, Shenzhen Stock Exchange market (hereinafter referred to as “Shenzhen Market”) technology companies坚持创新驱动，抓住有利机遇，生产经营和业绩持续向好。这正是我国经济发展向新向优的生动表现。

Currently, 1,763 Shenzhen Market companies (accounting for 60%) have disclosed their 2025 operating performance forecasts,预计合计实现净利润1338.38亿元，947家公司预计盈利，1025家公司预计利润增长。在除房地产和金融之外的28个实体行业中，机械设备、电子、通信等8个行业连续两年盈利且增速超过50%，国防军工、传媒等3个行业实现扭亏。其中，科技公司表现突出，展现出高增长态势。

Looking ahead, with further policy support for emerging industries and future industries, and the creation of new forms of intelligent economy, Shenzhen Market’s tech companies will迎来更大发展机遇。

Multiple favorable factors drive the vigorous development of high-end equipment manufacturing

AI infrastructure investment持续带动企业扩产。PCB专用加工设备企业深圳市大族数控科技股份有限公司（以下简称“大族数控”）预计2025年实现净利润7.85亿元至8.85亿元，预计同比增长160.64%至193.84%，主要是用于AI服务器、高速交换机等产品的高多层板及高多层HDI板需求旺盛，显著带动PCB专用加工设备市场规模大增。

大族数控表示，公司紧抓行业成长机遇，不断提升产品技术能力并积极扩充产能，促进公司营业收入大幅增长；同时，高价值产品销售占比增加，进一步优化了公司营收结构，利润水平稳步增长。

国产化替代进程加速。半导体设备企业武汉精测电子集团股份有限公司（以下简称“精测电子”）预计2025年实现净利润8000万元至9000万元，同比增长181.97%至192.21%，主要受益于前期高强度研发投入进入业绩兑现期，技术产业化进程全面提速。

“随着精测电子主要产品实现规模化量产，交付能力显著增强，公司半导体板块盈利能力显著改善，新签订单、营业收入、净利润均同比实现大幅增长，经营质量全面向好。”精测电子表示。

机器人应用持续突破。工业机器人龙头企业南京埃斯顿自动化股份有限公司（以下简称“埃斯顿”）预计净利润同比增长104.32%至106.17%，实现扭亏为盈，2025年工业机器人出货量继续保持增长，在汽车、电子、锂电等行业持续突破，市场份额进一步提升，国内营业收入较上年同期实现较好增长。

Key products demonstrate competitiveness, achieving rapid growth by closely following market demand

From semiconductor equipment to industrial robots, the multi-point flowering of high-end equipment manufacturing injects strong momentum into the performance growth of Shenzhen Market tech companies. In key product areas such as optical modules, storage, and display panels, Shenzhen companies leverage core competitiveness to meet market demand, also achieving rapid growth.

As industry prosperity gradually recovers, storage prices enter an upward channel, and storage companies’ performance significantly improves. Shenzhen Jiangbolong Electronics Co., Ltd., relying on high-end product layout, overseas expansion, and its own brand advantages,预计实现净利润12.5亿元至15.5亿元，同比增长150.66%至210.82%。In 2025, the company successfully completed the first tape-out of UFS 4.1 main control chips, becoming one of the few global companies capable of self-developing this generation of main control chips.

In the display panel field, leading companies steadily improve profitability through continuous technological accumulation and market deployment. Tianma Microelectronics Co., Ltd.预计2025年实现营业收入突破360亿元，预计归母净利润同比改善超8亿元，扣非后的净利润同比改善超16亿元，盈利能力明显提升。

The large-scale implementation of artificial intelligence applications has achieved tangible results. iFlytek Co., Ltd.（以下简称“科大讯飞”）在人工智能自主可控保持高强度投入的背景下，预计实现净利润7.85亿元至9.5亿元，同比增长40%至70%，2025年销售回款总额超过270亿元，经营活动产生的现金流量净额超过30亿元，创历史新高。科大讯飞研发投入同比增长超过20%。在大模型行业落地方面，2025年科大讯飞大模型相关项目中标金额达23.16亿元。

From high-end equipment to display panels, storage, and other key products, Shenzhen tech companies, through continuous innovation, strong product competitiveness, and precise market demand grasp, have delivered an impressive performance report for 2025, injecting continuous technological momentum into China’s new productive forces.