Yihuatong: Net profit will decrease by 37.65% in 2025 compared to the previous year.

Yihuatong announcement, the company achieved operating income of 262,125.7 million yuan in 2025, a year-on-year decrease of 28.51%; achieved a net profit attributable to the owner of the parent company of -628,293.9 million yuan, a year-on-year decrease of 37.65%; achieved a net profit attributable to the owner of the parent company after deducting non-recurring gains and losses of -685,880.4 million yuan, a year-on-year decrease of 26.37%. The hydrogen fuel cell industry is still in the early stages of commercialization, intensified market competition has led to sustained pressure on product prices. Due to the impact of fund turnover pressures, the company has adopted a cautious market expansion strategy, resulting in a year-on-year decline in fuel cell system sales volume in the reporting period and overall profitability being affected.