04,17,2026 42 views
ăinstrumentOnline Industry Financial ReportOn April 16th, Chuanyi Corporation (603100) officially disclosed its 2025 annual performance announcement, comprehensively presenting the company's operating results, development resilience, and future layout during the industry adjustment period in the past year. The announcement shows that although the company's core operating indicators have undergone phased adjustments due to fluctuations in the industry environment, the profitability of its main business remains relatively controllable. At the same time, the company continues its prudent dividend policy and plans to distribute a cash dividend of 2.1 yuan (including tax) for every 10 shares to all shareholders, demonstrating its sincerity in returning to shareholders and confidence in the development of the enterprise.
Image source: Announcement from Chuanyi Corporation
Specifically, in 2025, Chuanyi Co., Ltd. achieved a revenue of 6804.9471 million yuan, a year-on-year decrease of 10.36% compared to the same period last year, with a revenue scale of approximately 787 million yuan. The performance changes are mainly affected by the phased pressure of downstream industry demand, including chemical and petroleum industries during the reporting periodnatural gasThe delay or stagnation of new projects in the fields of light industry and building materials has led to a contraction in overall industry demand, resulting in a decrease in contract carryover for the company, which in turn affects revenue performance. As a leading enterprise in the field of industrial automation instruments and control devices in China, Chuanyi Group's main business covers intelligenceactuatorEight series of products, including intelligent transmitters and intelligent regulating valves, are widely used in process industries such as petroleum and petrochemical, power, and metallurgy. The cyclical fluctuations in downstream industries have a certain short-term impact on the company's operations.
In terms of profit, the company achieved a net profit attributable to shareholders of the listed company of 642.5467 million yuan (approximately 643 million yuan) in 2025, a year-on-year decrease of 17.42%, compared to 778.0515 million yuan in the same period last year; The net profit attributable to shareholders of the listed company after deducting non recurring gains and losses was RMB 586.117 million, a year-on-year decrease of 8.79%, which narrowed the decline in net profit attributable to the parent company. This indicates that the contraction of the company's main business profitability is relatively controllable, and the significant decline in profits is more affected by short-term disturbances from non recurring gains and losses. It is reported that the non recurring gains and losses of the company in 2025 amounted to 56.4297 million yuan, a year-on-year decrease of 58.34% compared to 135.4631 million yuan in 2024. Among them, the disposal income of financial assets and government subsidies have both decreased to varying degrees, becoming important factors in reducing net profit. At the same time, the company's basic earnings per share were 1.26 yuan, a year-on-year decrease of 17.11%, which was basically synchronized with the decline in net profit, reflecting that the contraction of profit scale directly transmitted to the level of shareholder income.
It is worth noting that despite periodic adjustments in performance, Chuanyi Corporation still demonstrates strong operational resilience and development potential in 2025. During the reporting period, the actual controller of the company was officially changed to China Machinery Industry Group Co., Ltd. and placed under the management of China Machinery Industry Instrument and Meter Group Co., Ltd., becoming a key force in the central and local professional integration and promoting the independent and controllable development of the instrument and meter industry. Relying on the advantages of China National Machinery Industry Corporation (Sinomach) in scientific research platforms, industrial resources, and market channels, combined with its 60 years of technological accumulation and complete industrial chain layout, the company has gradually built a complete R&D and manufacturing system of "high-performance materials, advanced sensors and components, high-end instruments and meters, intelligent control systems and solutions", laying a solid foundation for long-term development.
In terms of R&D investment, the company continues to increase its efforts in core technology research and development. By 2025, the R&D expenses will reach 480.8128 million yuan, although slightly lower than the same period last year, it will still maintain a high level. The proportion of R&D investment to operating income will increase from 6.71% in 2024 to 7.07%, and the investment intensity will not decrease but increase. By the end of 2025, the number of R&D personnel in the company will reach 1687, accounting for 18.23% of the total number of employees, an increase of 66 people from the previous year, and the R&D team will continue to expand; Throughout the year, 173 new patents were added (including 44 invention patents), 46 software copyrights were obtained, and 23 national and industry standards were established or participated in. Continuous upgrades were made in core product areas such as pressure transmitters and electromagnetic flow meters, and the market position of multiple products remained among the top in China. Smart transmitters ranked third in the Chinese market share (domestic brands ranked first), and temperature instruments ranked first in the Chinese market share, demonstrating strong technological competitiveness.
In terms of cash flow management, the company has performed outstandingly, with a net cash flow generated from operating activities of 609.7065 million yuan in 2025, a year-on-year increase of 26.31%. This is mainly due to the company's strengthening of accounts receivable collection management, optimization of raw material procurement expenses, and significant enhancement of the company's ability to generate revenue from its main business. The cash flow expenditure from investment activities has significantly decreased compared to the previous year, returning to the regular investment rhythm; The cash flow outflow from financing activities has expanded, mainly due to the company's increase in cash dividends and repayment of some debts, reflecting the company's stable financial operation strategy.
In terms of dividend policy, Chuanyi Co., Ltd. continues its consistent prudent dividend concept and plans to distribute a cash dividend of 0.21 yuan (including tax) per share to all shareholders based on the total share capital registered on the implementation of equity distribution registration date, with a total planned cash dividend of 107766400 yuan (including tax). This dividend plan balances shareholder returns with the company's sustainable development, reflecting the company's gratitude and feedback to shareholders, as well as the management's confidence in the company's future business prospects. Based on the calculation of the company's annual net profit attributable to the parent company, the proportion of the dividend amount to the net profit attributable to the parent company is approximately 16.77%, which has maintained a considerable dividend level during the industry adjustment period and fully protected the legitimate rights and interests of shareholders.
Looking ahead to the future, Chuanyi Corporation stated that it will take the opportunity of joining the National Machinery Group, closely adhere to the development positioning of "forging the strengths of national machinery and serving the needs of the country", continue to deepen the integration of innovation chain and industrial chain, break through the bottleneck technology of high-end instruments and meters, and accelerate the process of domestic substitution. At the same time, the company will deeply cultivate traditional main markets such as chemical industry, oil and gas, actively explore new quality and new fields such as nuclear power, aerospace, water conservancy and water conservancy, and rely on the overseas channel advantages of China National Machinery Industry Corporation to accelerate international layout and promote the company's transformation towards "product+service" manufacturing. According to the company's plan, it is expected to achieve a revenue of 7.1 billion yuan in 2026, a year-on-year increase of 4.3%, and a total profit of 730 million yuan, a year-on-year increase of 2.1%. We strive to achieve a steady recovery in performance, continuously enhance our core competitiveness and industry influence, and strive to become a strategic support force for the independent and controllable development of China's instrumentation industry chain.
Industry insiders believe that Chuanyi Co., Ltd., as a leading domestic industrial automation instrument manufacturer, has demonstrated strong risk resistance during the industry downturn. The continuous increase in research and development investment and the support of central enterprise resources will inject strong momentum into the company's long-term development. With the recovery of downstream industry demand, the acceleration of domestic substitution process, and the landing of new businesses and products, the company's performance is expected to gradually recover and grow.
Risk Warning: This article is based on the announcements and public information of listed companies and does not constitute investment advice. The market is risky, and investment needs to be cautious.
