Over 60% of Shenzhen-listed companies disclose their 2025 performance; technology companies showcase a variety of highlights

China Securities Journal China Securities Network News (Reporter Huang Lingling): Against the backdrop of accelerated development of artificial intelligence, technology listed companies adhere to innovation-driven strategies, seize favorable opportunities, and maintain steady growth in operations and performance. Taking Shenzhen Market as an example, as of March 9, 1763 companies have disclosed their 2025 operating performance, accounting for over 60% of Shenzhen-listed companies, with a total estimated net profit of 133.83 billion yuan. Among them, 947 companies are expected to be profitable.

Out of 28 physical industry sectors, 8 industries including machinery equipment, electronics, and communications have been profitable for two consecutive years with growth rates exceeding 50%, while defense military industry, media, and others have turned losses into profits. Notably, technology companies stand out with high growth momentum.

High-end Equipment Manufacturing Thrives

Increased R&D investment drives technological breakthroughs. Semiconductor equipment company Jingce Electronic expects to achieve a net profit of 80 million to 90 million yuan in 2025, a year-on-year increase of 181.97% to 192.21%. The company stated that, as high-intensity R&D investments from previous years enter the performance realization phase, the technological industrialization process is accelerating comprehensively. With main products reaching large-scale production, delivery capacity has significantly improved, and the profitability of the semiconductor segment has markedly enhanced. New orders, operating revenue, and net profit have all seen substantial year-on-year growth, with overall operational quality improving.

Robotics applications continue to break through. Industrial robot leader Estun expects to achieve a net profit of 35 million to 50 million yuan in 2025, turning losses into profits. Regarding the reasons for improved performance, Estun stated that the company’s industrial robot shipments will continue to grow in 2025, with ongoing breakthroughs in automotive, electronics, lithium batteries, and other industries. Market share is further increasing, and domestic revenue has achieved good growth compared to the previous year.

Strong Competitiveness of Key Products

Benefiting from strong terminal customer investments in computing infrastructure and robust product capabilities, leading optical module supplier Zhongji Xuchuang expects a 108.81% year-on-year increase in net profit in 2025. Zhongji Xuchuang indicated that during the reporting period, the company’s product shipments grew rapidly, with the proportion of high-speed optical modules continuously increasing. As product solutions are optimized and operational efficiency improves, both operating revenue and net profit have achieved significant growth compared to the previous year.

Storage industry performance improves markedly. As industry prosperity gradually recovers and storage prices enter an upward channel, storage companies’ performance has significantly improved. Jiangbolong, leveraging high-end product layout, overseas expansion, and its own brand advantages, expects to realize a net profit of 1.25 billion to 1.55 billion yuan, a year-on-year increase of 150.66% to 210.82%. By 2025, several of the company’s main control chips have been mass-produced, and the first UFS 4.1 main control chip has successfully completed tape-out, making it one of the few companies worldwide capable of self-developing this generation of main control chips. Flagship storage products represented by UFS 4.1 are about to be shipped in bulk.

Display panel industry continues to lead in competitiveness. Shenzhen Tianma A expects to achieve revenue of over 36 billion yuan in 2025, with net profit of 150 million to 180 million yuan, turning losses into profits. The company maintains the world’s number one shipment volume in automotive display, in-vehicle instrument, and head-up display fields. Flexible AMOLED mobile phone display shipments remain second domestically and third globally. The shipment volume of flagship products is growing rapidly, further improving business profitability.

Industry insiders believe that as policies continue to increase support for emerging and future industries, technology listed companies with core technological and industrialization capabilities will fully benefit from policy dividends and industrial upgrades. Their profitability and growth potential are expected to continue rising.