Hongchang Technology's 2025 revenue hits a new high, opening new tracks in automotive and robotics

Source: Shanghai Securities Journal · China Securities Journal

Shanghai Securities Journal China Securities Journal News, April 7th, Hongchang Technology released its 2025 annual report.
During the reporting period, the company’s revenue reached 1.15B yuan, an increase of 11.68% year-on-year, setting a new record;
net profit attributable to shareholders of the listed company was 32.8364 million yuan, down 37.41% year-on-year.
The company plans to distribute a cash dividend of 0.28 yuan (tax included) for every 10 shares to all shareholders.
Based on the steady foundation of its home appliance main business, the company is expanding into the automotive parts and robotics sectors, initiating a “second entrepreneurship.”

During the reporting period, Hongchang Technology’s home appliance components and injection molding parts business achieved revenue of 1.08B yuan, an increase of 8.22% year-on-year, remaining the core business.
The company has deepened relationships with leading clients such as Haier Group and Midea Group, strengthening full-cycle management of new products, shortening R&D cycles, ensuring rapid production transfer and efficient delivery, and collaborating with customers to expand export markets.
The washing machine inlet valve sold by the company has achieved a domestic market share of about 65%, maintaining its position as an industry leader.

During the reporting period, Hongchang Technology regarded the automotive parts division as the core goal of its “second entrepreneurship,” establishing a wholly-owned subsidiary, Zhejiang Hongchang Zhiyuan Automotive Parts Co., Ltd., to focus on automotive interior and exterior trim parts and thermal management components.
By 2025, Hongchang Technology successfully expanded cooperation with Leap Motor and actively developed new clients such as Geely.
The company’s automotive parts revenue increased significantly by 159.33% year-on-year to 58.8311 million yuan, but due to being in the investment phase, gross profit margin was -3.00%, dragging down overall profit performance.
Management explicitly stated in the performance outlook that in 2026, the goal is to add one large-scale passenger vehicle OEM Tier 1 supplier qualification and to turn the automotive business profitable.

In the robotics sector, Hongchang Technology is rapidly positioning itself through “investment + holding.”
In 2025, Hongchang Technology invested 30 million yuan to acquire a 30% stake in Hangzhou Liangzhi Joint Technology Co., Ltd. (hereinafter “Liangzhi Joint”), focusing on harmonic reducers and joint modules.
According to the latest announcement, Hongchang Technology completed its controlling stake (holding 51%) in Liangzhi Joint in February 2026, officially entering the core components track of humanoid robots.
(Wu Jun)

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