On March 16, 2026, Haitian International (01882. HK) officially released its audited annual performance for 2025. Faced with domestic cyclical pressures and global market fluctuations, the company has delivered an expected and resilient annual performance with high overseas growth, stable profits, and strong cash flow. The globalization strategy has entered a period of concentrated realization.

Image source: Haitian International Announcement

　　Core Performance Overview

　　business income:17.733 billion yuan, a year-on-year increase of 10.0%

　　Net profit attributable to parent company:3.301 billion yuan, a year-on-year increase of 7.2%

　　Gross profit margin:32.7%, a year-on-year increase of 0.2 percentage points

Net profit margin: 18.6%, a year-on-year decrease of 0.5 percentage points

Operating cash flow: 3.48 billion yuan, a year-on-year increase of 65.6%

Earnings per share: 2.07 yuan, a year-on-year increase of 7.2%

Annual dividend: HKD 0.80 per share, up 9.6% year-on-year

　　Reshaping the pattern of internal and external sales

From a regional perspective, there will be structural changes in the internal and external sales pattern of Haitian International by 2025

　　Domestic sales: 10.13 billion yuan, a year-on-year increase of 0.2%

　　Overseas sales: RMB 7.6 billion, a year-on-year increase of 26.4%, with revenue accounting for 42.9%, an increase of 5.6 percentage points year-on-year

Southeast Asia becomes the overseas core: accounting for 47.3% of overseas revenue, an increase of 8.4 percentage points year-on-year

In the domestic market, some downstream industries represented by new energy vehicles and 3C have strong demand, but the demand for daily consumer goods is relatively weak. In the context of differentiated demands in different industries, the company adapts customized products to meet diversified needs and further consolidates its market share.

In terms of overseas markets, benefiting from the structural adjustment of the global industrial chain, the first mover advantage of Chinese enterprises going abroad, and the company's overseas investment layout, emerging markets such as Southeast Asia and South America have achieved comprehensive breakthroughs.

　　Business highlights and market performance

From the perspective of business composition,Injection molding machines are still the core business of the company：

　　Sales of injection molding machines: 16.897 billion yuan, a year-on-year increase of 9.7%

　Sales of components and services: 835 million yuan, a year-on-year increase of 15.6%

In 2025, against the backdrop of industry recovery and foreign trade promotion, the company's various series of models will achieve varying degrees of year-on-year growth: the revenue of Mars series, Jupiter series, and Changfei Asia electric series will reach 11.317 billion yuan, 2.421 billion yuan, and 2.153 billion yuan, respectively, with year-on-year growth of 8.1%, 16.4%, and 8.9%.

From the perspective of growth drivers, the growth of the Jupiter series is mainly due to the sustained investment in the domestic automotive industry chain, especially in the production capacity of new energy vehicles; The Changfei Asia series benefits from the significant recovery of the 3C industry's prosperity; Although the demand for daily consumer goods has weakened year-on-year due to last year's high base, the trend of Chinese enterprises going global has become a new growth engine for the Mars series.

Image source: Haitian International Announcement

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In 2025, Haitian International will achieve steady growth through global layout and high-end product iteration, with overseas markets becoming the core growth engine and domestic business maintaining strong resilience.

　Looking ahead to 2026

Looking ahead to 2026, geopolitical conflicts and uncertainty are intensifying global economic pressure, but China is expected to demonstrate resilience in the first year of the 15th Five Year Plan. In the face of changes, the company will continue to consolidate its domestic market advantages, steadfastly promote the "Five Five" internationalization strategy, increase investment in overseas local factories, achieve localization of products, production, and services, and adhere to the dual wheel drive of domestic demand and foreign trade. At the same time, the company will elevate risk management to a strategic level, strictly adhere to compliance, and ensure the security of overseas assets and supply chains.

The company adheres to a market-oriented approach, develops energy-saving intelligent models through technological innovation, and derives industry-specific aircraft. The company will deepen customized solutions, create win-win cooperation with industry-leading clients (KA clients), and consolidate the moat. At the same time, through large-scale production and full process services, we will continue to reduce costs and increase efficiency. Adhering to the concept of "strategic technology is just right", the company will balance personalization and standardization, striving to become a champion in various fields.

　　Note: This article is compiled and published by Plastic Machinery Network (www.86pla.com), and the source of information is Haitian International Announcement. The purpose of publishing this information on this website is to spread more information and is not related to the position of this website. And we solemnly remind all readers that the stock market carries risks and investors need to be cautious. This article is not intended as a reference or basis for any investment.