125 Beijing Stock Exchange company earnings forecasts released; high-growth sector highlights new industry momentum

As of February 1, there are 125 listed companies on the Beijing Stock Exchange that have disclosed their 2025 earnings forecasts or earnings reports, revealing an initial outline of the market’s annual “performance report.”

Wind data shows that among the companies that have disclosed forecasts, 76 expect to turn a profit in 2025, with over 60% showing positive earnings. Among these, 40 companies are expected to have “pre-announce” positive results (including profit increases and turnaround from losses).

In terms of growth rate, 27 companies forecast year-over-year increases in net profit attributable to shareholders, with more than ten companies such as Hongyu Packaging, Huiwei Intelligent, and Haineng Technology expected to see their net profit double or more compared to the previous year, demonstrating strong earnings resilience. Additionally, 13 companies anticipate turning losses into profits.

Earnings growth is accompanied by clear structural differentiation. On one hand, companies in high-end manufacturing, digital economy, and health consumption sectors are experiencing significant growth; on the other hand, some industries like photovoltaic equipment are still in adjustment phases and face temporary pressures. The divergence in performance is closely related to the industry cycle and the effectiveness of each company’s operational strategies, reflecting the differentiated development status of companies listed on the Beijing Stock Exchange across various sectors.

Looking at specific cases, a number of companies have become market focal points due to their impressive growth. Hongyu Packaging expects to achieve a net profit attributable to shareholders of 17 million to 22 million yuan in 2025, a year-over-year increase of 357.91% to 492.59%, ranking among the top in growth. Regarding the reasons for performance changes, the company states: During the reporting period, it focused on profit-oriented strategies, optimized customer and product structures, increased orders from high-margin customers, and strengthened procurement cost analysis and price negotiations, resulting in significant cost reductions.

Haineng Technology also shows strong growth. The company expects to realize a net profit attributable to shareholders of 41 million to 44 million yuan, a year-over-year increase of 213.65% to 236.61%. The company attributes the substantial profit increase mainly to the overall recovery of industry demand, a clear trend toward domestic manufacturing of high-end instruments, rapid growth in fields such as new materials, new energy, and pharmaceuticals, and the market recognition of its newly launched high-end instrument products.

Jinhui Medical expects to achieve a net profit attributable to shareholders of 15 million to 16 million yuan, a growth of 150.98% to 167.72%. The company states that the continuous growth in the U.S. OTC hearing aid market and multi-channel operations have driven its main business; additionally, after acquiring Intricon’s hearing health business in 2024, the company quickly absorbed its core DSP chip technology for hearing aids, significantly boosting sales of hearing aid chips.

In terms of absolute profit scale, some companies demonstrate considerable size. Among those expected to be profitable, 20 companies project a maximum net profit attributable to shareholders exceeding 50 million yuan.

Among these, Hengdong Optical expects a maximum net profit of 310 million yuan, an increase of 82.95% to 110.05% year-over-year. The company attributes this growth to the rapid increase in AI computing power demand and the accelerated construction of data centers, which continue to drive global demand for passive optical devices.

Jilin Carbon Valley also performs well, expecting to realize a net profit attributable to shareholders of 180 million to 220 million yuan, a year-over-year increase of 92.81% to 135.66%. The company states that as the carbon fiber market gradually recovers and through continuous innovation and technological breakthroughs to improve product stability and performance, sales volume has steadily increased.

Some companies, leveraging their accumulation in niche fields and strategic positioning in high-growth sectors, have achieved high-quality growth. For example, Xingchen Technology expects to reach a net profit attributable to shareholders of 33 million to 35 million yuan in 2025, a growth of 105.3% to 117.74%. The company states that it continues to enhance product competitiveness and market share in the new energy sector, which has become a key driver of overall profitability; additionally, several companies in aerospace and military industries have successfully advanced pilot projects into small-scale production, further boosting performance.

Lechuang Technology expects to achieve a net profit attributable to shareholders of 33 million to 35 million yuan in 2025, a growth of 95.46% to 107.31%. The company notes that during the reporting period, explosive growth in the smart glasses consumer market, along with increased investment by leading brands in production lines, has driven a surge in demand for dispensing equipment upstream. Its core component, the dispensing control system, has seen significant sales growth, with its five-axis dispensing control system gaining large orders due to its high speed, high precision, and intelligent features, leading to doubled performance.

In the field of computing power services, Parallel Technologies expects to realize a net profit attributable to shareholders of 20 million to 25 million yuan, a growth of 65.88% to 107.35%. The company states that amid the booming development of the computing power service industry, it has built an intelligent scheduling platform to improve the efficiency of computing resource operations, gradually releasing scale effects, with significant cost control results.

Among the 13 companies expected to turn losses into profits, the improvement paths are diverse, mainly including recovery of core business, asset disposals, expense control, and investment income.

Shengnan Technology expects to achieve a net profit attributable to shareholders of 7.5 million to 11 million yuan, turning profitable year-over-year. The company states that during the reporting period, the supply of main products was steady, and demand in the defense equipment sector remained relatively stable; additionally, compared to 2024, the impact of product pricing on revenue has decreased.

Liujin Technology expects to realize a net profit attributable to shareholders of 8.25 million to 10.7 million yuan, turning profitable. The reasons include improved management of accounts receivable reducing credit impairment losses, the sale of equity in a controlling subsidiary generating investment income, accelerated cash flow from debt restructuring, and government subsidies being recognized.

Zhuozhao Dispensing expects to achieve a net profit attributable to shareholders of 45 million to 60 million yuan, turning profitable. The company states that the growth is driven by the successful acceptance of existing projects, stable operation of core business, the new MetaAI glasses business increasing volume through indirect supply of precision dispensing valves via integrator partners, and profits contributed by its subsidiaries.