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

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

Wind data shows that among the companies that have announced forecasts, 76 expect to turn a profit in 2025, with over 60% showing positive earnings. Among these, 40 companies are expected to have “preliminary good news” (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 more than double their net profit 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 cyclical pressures. The divergence in performance is closely related to the industry outlook 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 stated: 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 ranks high in performance 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 attributed 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 stated 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 performed impressively, expecting 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 stated 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 have achieved high-quality growth by leveraging their accumulation in niche fields and positioning 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, a growth of 105.3% to 117.74%. The company stated that it continues to enhance product competitiveness and market share in the new energy sector, which has become a key engine for overall profitability growth; additionally, several companies in aerospace and military industries have successfully advanced pre-research projects into small-batch production, further boosting performance.

Lechuang Technology expects to realize 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 explained that during the reporting period, explosive growth in the smart glasses consumer market, along with increased investment in production lines by leading brands, drove a surge in demand for upstream dispensing equipment. Its core component, the dispensing control system, saw significant sales growth, and its five-axis dispensing control system, with high speed, precision, and intelligence, secured large orders, leading to doubled performance.

In the field of computing power services, Parallel Technologies expects to achieve a net profit attributable to shareholders of 20 million to 25 million yuan, a growth of 65.88% to 107.35%. The company stated 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 realizing scale effects, with notable cost control results.

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

Shengnan Technology expects to report a net profit attributable to shareholders of 7.5 million to 11 million yuan, turning from loss to profit. The company stated that during the 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 from a loss. 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 from loss to profit. The company attributed its growth to 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 consolidated into financial statements.