Dawn Digital Creation: Net profit of 36.4597 million yuan in 2025, down 40.64% year-on-year

K-LinePoet · 2026-03-10T12:46:12+00:00

Shuguang Digital Innovation Releases 2025 Performance Brief, Operating Revenue of 882 million yuan, a year-on-year increase of 74.29%; net profit of 36.4597 million yuan, a decrease of 40.64% year-on-year. The main reasons are low gross profit margins for national-level projects and intense market competition, along with a significant increase in R&D investment.

K-LinePoet

2026-03-10 12:46:12

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Sugon Digital Innovation announced its earnings brief, with a 2025 revenue of 882 million yuan, a year-on-year increase of 74.29%. Net profit was 36.46 million yuan, a decrease of 40.64% year-on-year. During the reporting period, the company’s scaleX640 supernode project was a national-level commissioned development project, which typically has a lower gross margin than standard commercial deployment projects. Additionally, the market introduction of cold plate liquid cooling is still in its early stage, with intense market competition, resulting in a 4.48 percentage point decline in overall gross margin compared to the previous year. The company remains technology-driven, with continuous investment in research and development, leading to a 31.34 million yuan increase in R&D expenses, a year-on-year growth of 47.19%.

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