北鼎股份(300824.SZ)：2025年净利润1.1亿元 同比增长59.05%

Core Viewpoint - Beiding Co., Ltd. (300824.SZ) reported a significant increase in revenue and net profit for the fiscal year 2025, indicating strong business performance despite external challenges [1] Financial Performance - The company achieved total operating revenue of 949.87 million yuan, a year-on-year increase of 26.04% [1] - Net profit attributable to shareholders reached 110.55 million yuan, reflecting a year-on-year growth of 59.05% [1] - After deducting non-recurring gains and losses, the net profit attributable to shareholders was 106.78 million yuan, marking a 69.90% increase year-on-year [1] Business Segments - The domestic business in China grew by 37.63%, driven by government policies promoting consumption and the company's strategic optimizations [1] - The overseas business under its own brand faced challenges due to cautious operational strategies, tariff barriers, and geopolitical conflicts, leading to revenue pressure but improved profitability [1] - The OEM/ODM business showed resilience with slight growth, contributing positively to overall performance [1] Profitability Factors - Profit growth outpaced revenue growth, primarily due to improvements in gross margin and effective control of operating expenses [1] - The low profit base from the previous year also contributed to the significant year-on-year growth in profits [1]