Article

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.