GRG Banking Equipment (002152) Q4 2025 earnings summary

Executive summary

• Achieved revenue of ¥12.06 billion in 2025, up 10.94% year-over-year; net profit attributable to shareholders was ¥860.85 million, down 6.41% year-over-year; adjusted net profit (excluding non-recurring items) was ¥785.93 million, up 4.25% year-over-year.

• Maintained leading market share in domestic smart financial equipment for 18 consecutive years; overseas business covers 130+ countries, with new contract value at a record high.

• Significant progress in AI-driven innovation, digital RMB, cross-border payments, and smart city/transportation solutions.

Financial highlights

• Revenue: ¥12.06 billion, up 10.94% year-over-year; domestic revenue grew 13.47%, international revenue declined 2.43%.

• Net profit attributable to shareholders: ¥860.85 million, down 6.41% year-over-year; adjusted net profit: ¥785.93 million, up 4.25%.

• Operating cash flow: ¥1.70 billion, up 34.26% year-over-year.

• Gross margin: 28.52%, down 2.59 percentage points year-over-year.

• R&D investment: ¥1.03 billion, 8.56% of revenue.

• Dividend: ¥2.00 per 10 shares, total cash dividend ¥496.68 million.

Outlook and guidance

• 2026 focus: deepen “AI in all” strategy, accelerate AI+ product deployment in finance, city, and transportation sectors.

• Expand digital payment, cross-border finance, and smart city/transportation solutions domestically and internationally.

• Continue capital investment in AI, digital economy, and smart manufacturing; optimize global business layout and pursue strategic M&A.