Author：Wall Street CN

On the 7th, Tianfu Communication released its 2025 annual report, showing high growth:The company achieved operating revenue of RMB 5.163 billion for the year, a year-on-year increase of 58.79%; net profit attributable to the parent company of RMB 2.017 billion, a year-on-year increase of 50.15%; and net profit attributable to the parent company excluding non-recurring items of RMB 1.976 billion, a year-on-year increase of 50.42%.While revenue has increased significantly, the company's profits have also expanded in tandem, demonstrating its strong profitability resilience in the high-end products and one-stop solutions of the optical interconnect industry chain.

Cash flow was also strong. In 2025, net cash flow from operating activities was RMB 1.868 billion, an increase of 47.97% year-on-year, which was highly consistent with net profit (operating cash flow/net profit attributable to parent company was approximately 0.93), reflecting that the operating quality and collection ability remained at a good level.

Continued expansion on the asset side: At the end of 2025, the company's total assets reached RMB 6.449 billion, a year-on-year increase of 36.16%; net assets attributable to the parent company reached RMB 5.506 billion, a year-on-year increase of 38.36%. Driven by the combined effect of high profit growth and net asset expansion, the company's weighted average return on equity (ROE) increased to 41.91%, maintaining a high level.

Regarding shareholder returns, the company plans to distribute profits based on 777.4 million shares: a cash dividend of RMB 7 per 10 shares (inclusive of tax), and a bonus share issue of 4 shares for every 10 shares held. According to the plan, the total cash dividend will be approximately RMB 544 million, balancing cash returns with expectations of share capital expansion.

More updates to come...