Fushida's 2025 net profit attributable to parent +52%: A core supplier of RF connectors for 5G new infrastructure, with a forward-looking layout in antennas, advanced ceramics, and quantum RF components.

AVIC Fujida Technology Co., Ltd. discloses its annual report. In 2025, the company achieved total operating revenue of RMB 881 million, a year-on-year increase of 15.51%; it achieved net profit attributable to shareholders of RMB 78 million, a year-on-year increase of 52.03%. Net cash flow from operating activities was RMB 66.5278 million. Fujida’s own defense business orders have been gradually recovering, and the deployment of the domestic satellite internet constellation has accelerated.

Tongbi Finance learned that the company is specialized in the R&D, production, sales, and services of connectors, cables, cable assemblies, and microwave devices. The company is a national intellectual property pilot unit, a key “little giant” in specialized, refined, characteristic, and innovative businesses, and a national technology innovation demonstration enterprise. It has received honors such as the China Standards Innovation Contribution Award, the provincial and municipal quality management awards, and the “Fourth China Quality Award—Nomination Award,” among others.

The company is one of the top 100 electronic components enterprises nationwide, with overall operating indicators among the leading positions in the domestic industry. Its products are widely used in fields such as aerospace, defense and military industry, and civilian communications, and they are sold to international markets including Southeast Asia and Europe and the United States.

Radio frequency coaxial cable assemblies achieved revenue of +53.11% year-on-year, strengthening synergy between defense and civilian markets. In 2025, radio frequency coaxial connectors achieved revenue of RMB 391 million, a year-on-year decrease of -10.89%, corresponding gross margin of 37.01%, up +7.21 percentage points year-on-year; radio frequency coaxial cable assemblies achieved revenue of RMB 479 million, a year-on-year increase of +53.11%, corresponding gross margin of 30.53%, down -6.05 percentage points year-on-year. Overall, the company’s main business revenue increased by RMB 118.1611 million compared with the same period of 2024, an increase of 15.72%. This was mainly due to the company strengthening synergy between defense and civilian markets, actively expanding new businesses and new application scenarios, and achieving overall revenue growth. By the end of 2025, Fujida had cumulatively led or participated in the formulation, revision, and successful release of 17 IEC international standards, 10 national standards, 19 national military standards, and 3 industry standards. In addition, Fujida and its holding subsidiaries had 190 valid patents, including 32 invention patents, 157 utility model patents, and 1 design patent.

Increase R&D investment and proactively plan products such as antennas, advanced ceramics, and next-generation quantum computing radio frequency components. In 2025, Fujida continued to increase R&D investment and focused on four core technology segments: radio frequency connectors and components, high-performance cables, advanced ceramics, and radio frequency linkages. Focus on strengthening the design capability of radio frequency front-end links such as active/passive radio frequency devices and antennas as well as micro-assembly. Keeping up with the trend in commercial satellites, it developed low-cost, highly integrated active subarray and reflector antenna products. Looking ahead to the future: incubating cutting-edge products such as antennas, radio frequency testing modules, advanced ceramics, waveguide joints, and next-generation quantum computing radio frequency components, and building a complete capability closed loop of “R&D—small-batch manufacturing.” It also improved precision manufacturing and advanced process platforms to support efficient transformation of frontier technologies and large-scale mass production.

(Source: the Kaiyuan Securities Zhu Haibin team, company website)