华明装备：2025 年第四季度：利润增长略超预期，海外销售持续强劲

22 Jan 2026 09:31:30 ET │ 12 pages Huaming Power Equipment (002270.SZ) Flash | 4Q25 Profit Growth Slightly Beats; Continued Strong Overseas Sales CITI'S TAKE Huaming issued 2025 preliminary results guiding net profit +15.3% yoy to Rmb708m in 2025, including +5.6% yoy to Rmb127m in 4Q25. Stripping out employee's incentive scheme, net profit was +21.5% yoy to Rmb746m in 2025, including +26.1% yoy to Rmb152m in 4Q25; recurrent net profit rose 22.7% yoy to 714m in 2025, including +23.4% yoy to Rmb135m in 4Q25. ...