Patel: Net profit of 11.1349 million yuan in 2025, down 62.64% year-over-year

K-LinePoet · 2026-03-21T11:51:27+00:00

Patel's 2025 annual performance report shows operating revenue of 167 million yuan, down 0.59% year-over-year; net profit of 10.9349 million yuan, down 62.64% year-over-year. Gross profit declined due to new factory and equipment investments, increased depreciation expenses, and intense competition, while equity incentives also increased expenses. Additionally, the company's external investment projects encountered buyback issues, and plans to provision 4.5 million yuan for bad debts.

K-LinePoet

2026-03-21 11:51:27

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Pattell releases earnings report: For the year 2025, the company achieved operating revenue of 167 million yuan, a decrease of 0.59% year-on-year; net profit of 10.935 million yuan, a decrease of 62.64% year-on-year. During the reporting period, the company invested heavily in new factory buildings, equipment for the company and newly established subsidiaries, leading to a significant increase in fixed assets and depreciation expenses compared to the previous period. Due to intense market competition, the gross profit margin on orders received during the reporting period declined. The company implemented an equity incentive plan, which increased share-based payment expenses by 3.173 million yuan due to the equity incentives, impacting operational profit. The company’s external investment project triggered a buyback clause, which the counterparty did not fulfill as promised. The company plans to fully provision approximately 4.5 million yuan for bad debts related to this amount.

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