Yihuatong Reports 2025 Fiscal Year Loss of 628 Million Yuan Amid Market Challenges
Yihuatong announced its preliminary financial results for the 2025 fiscal year, reporting an operating revenue of RMB 262.1257 million, a 28.51% year-on-year decline. The net profit attributable to owners of the parent company was a loss of RMB 628.2939 million, down 37.65% year-on-year. The company cited early-stage commercialization of the hydrogen fuel cell industry and increased market competition as key factors impacting performance.
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Yihuatong's 2025 preliminary financial results show operating revenue of RMB 262.1257 million, a 28.51% decrease from the previous year. The net profit attributable to the parent company was a loss of RMB 628.2939 million, a 37.65% decline year-on-year.
After excluding non-recurring gains and losses, the net profit loss was RMB 685.8804 million, down 26.37%. Total assets fell by 21.71% to RMB 3,741.4289 million, while owners' equity decreased by 21.43% to RMB 2,012.0866 million. Yihuatong attributed the losses to the early commercialization phase of the hydrogen fuel cell industry and increased competition leading to price pressures.
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