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

As of February 1, 125 companies listed on the Beijing Stock Exchange have disclosed performance forecasts or performance reports for the year 2025, and the annual “report card” is beginning to take shape.

According to Wind data, among the companies that have disclosed forecasts, 76 companies expect to achieve profitability in 2025, with a profitability ratio exceeding sixty percent. Among them, 40 companies are classified as having “positive performance” (including predicted growth and turning losses into profits).

In terms of growth magnitude, 27 companies forecast a year-on-year increase in net profit attributable to shareholders. Among these, companies such as Hongyu Packaging, Huiwei Technology, and Haineng Technology expect their net profit attributable to shareholders to more than double year-on-year, showcasing strong performance elasticity. Additionally, 13 companies expect to turn losses into profits.

The growth in performance comes with clear structural differentiation. On one hand, companies in high-end manufacturing, digital economy, and health consumption sectors have shown significant performance growth; on the other hand, some industries, such as photovoltaic equipment, are still in an adjustment phase, facing periodic pressures. The differentiation in performance is closely related to the economic conditions of the industries to which the companies belong and the effectiveness of their operational strategies, reflecting the differentiated development status of companies listed on the Beijing Stock Exchange across different sectors.

From specific case studies, a number of companies have become market focal points due to their outstanding performance growth. Hongyu Packaging expects to achieve a net profit attributable to shareholders of 17 million to 22 million yuan in 2025, with a year-on-year increase of 357.91% to 492.59%, placing it among the top performers. Regarding the reasons for the performance changes, the company stated: During the reporting period, it closely focused on a profit-oriented overall approach, optimizing customer and product structure, with an increased proportion of orders from high-margin customers; at the same time, it strengthened procurement cost analysis and price negotiations, leading to significant cost reduction results.

Haineng Technology also reports a leading performance increase. The company expects to achieve a net profit attributable to shareholders of 41 million to 44 million yuan, with a year-on-year increase of 213.65% to 236.61%. The company stated that the substantial performance increase is mainly due to the overall recovery of industry market demand, the significant trend of domestic manufacturing of high-end instruments, and rapid growth in fields such as new materials, new energy, and pharmaceuticals, with newly launched high-end instrument products gaining market recognition.

Jinhao Medical expects to achieve a net profit attributable to shareholders of 15 million to 16 million yuan, with a year-on-year increase of 150.98% to 167.72%. The company stated: The demand in the U.S. OTC hearing aid market continues to grow, with omnichannel operations driving core business growth; at the same time, after acquiring Intricon’s hearing health business in 2024, the company quickly absorbed its core technology for hearing aid DSP chips, resulting in a significant increase in hearing aid chip sales revenue.

In terms of absolute profit scale, some companies demonstrate considerable size. Among the companies expected to be profitable, 20 companies predict that the upper limit of net profit attributable to shareholders will exceed 50 million yuan.

Among these, Hengdong Optics expects the upper limit of net profit attributable to shareholders to reach 310 million yuan, with a year-on-year increase of 82.95% to 110.05%. The company attributes its growth to the rapid increase in demand for AI computing power and the acceleration of data center construction, driving sustained growth in global passive optical components market demand.

Jilin Carbon Valley also performed well, expecting to achieve a net profit attributable to shareholders of 180 million to 220 million yuan, with a year-on-year increase of 92.81% to 135.66%. The company stated that as the carbon fiber market gradually warms up, coupled with the company’s continuous innovation and technological breakthroughs to enhance product stability and performance, product sales have achieved continuous growth.

Some companies have achieved high-quality performance growth by leveraging their accumulation in niche areas and positioning themselves in high-growth sectors. For example, Xingchen Technology expects to achieve a net profit attributable to shareholders of 33 million to 35 million yuan in 2025, with a year-on-year increase of 105.3% to 117.74%. The company stated: In the field of new energy, it continues to enhance product competitiveness and market share, making this sector a key engine for overall profit growth; at the same time, multiple companies in the aerospace and military industries have successfully moved their research projects into small-scale production, further driving performance improvement.

Lechuang Technology expects to achieve a net profit attributable to shareholders of 33 million to 35 million yuan in 2025, with a year-on-year increase of 95.46% to 107.31%. The company stated that during the reporting period, with the explosive growth of the smart glasses consumer market, leading brand manufacturers expanded production line investments, driving a surge in demand for upstream dispensing equipment, resulting in a significant increase in sales of its core component dispensing control systems. The company’s five-axis dispensing control system has received bulk orders due to its advantages in speed, precision, and intelligence, driving a doubling of performance growth.

In the computing services sector, Parallel Technology expects to achieve a net profit attributable to shareholders of 20 million to 25 million yuan, with a year-on-year increase of 65.88% to 107.35%. The company stated that against the backdrop of the booming computing services industry, it has improved computing resource operation efficiency by building an intelligent scheduling platform, gradually releasing scale effects, with significant results in cost control.

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

Shengnan Technology expects to achieve a net profit attributable to shareholders of 7.5 million to 11 million yuan, turning losses into profits year-on-year. The company stated: During the reporting period, the supply rhythm of its main business products remained stable, and the demand in the defense equipment supply sector was relatively robust; at the same time, compared to 2024, the impact of product pricing on revenue has diminished.

Liujin Technology expects to achieve a net profit attributable to shareholders of 8.25 million to 10.7 million yuan, turning losses into profits year-on-year. The reasons for the performance changes include strengthened management of accounts receivable leading to reduced credit impairment losses, investment income from the sale of equity in a controlling subsidiary, accelerated returns from debt restructuring, and government subsidies.

Zhuozhao Dispensing expects to achieve a net profit attributable to shareholders of 45 million to 60 million yuan, turning losses into profits. The company stated that the performance growth is attributed to the acceptance of existing projects, stable operation of the original business, the burgeoning MetaAI glasses business through indirect supply of precision dispensing valves by integrated manufacturers, and profit contributions from the consolidation of its controlling subsidiary.