Changdian Technology Releases 2025 Annual Report: Full-Year Revenue Hits Record High, Total Profit Increases Year-On-Year

On April 9, 2026, Changdian Technology (600584.SH) announced its 2025 annual report.The report shows that the company achieved operating income of RMB 38.87 billion in 2025, a year-on-year increase of 8.1%, a record high; the company achieved a total profit of RMB 1.74 billion, a year-on-year increase of 5.4%, and the net profit attributable to shareholders of the listed company was RMB 1.57 billion.

In the fourth quarter of 2025, the company achieved operating income of RMB 10.20 billion, a month-on-month increase of 1.4%; in the fourth quarter, the company achieved net profit attributable to shareholders of RMB 610 million, a month-on-month increase of 26.6%.

In 2025, Changdian Technology insisted on making progress while maintaining stability, and its annual revenue set another historical record, and has grown for three consecutive years since 2023.During the reporting period, the overall operations of the company's domestic and overseas factories were stable, with capacity utilization rates maintained at a high level, and advanced packaging production capacity such as wafer-level packaging maintained high-load operation; the revenue related to the advanced packaging business for the year reached RMB 27 billion, a record high.Changdian Technology will continue to increase investment in high-end advanced packaging technology and production capacity construction in 2025. Affected by forward-looking investment and price fluctuations of some raw materials, the cost end will be under periodic pressure; however, with the gradual release of high value-added business and high-end production capacity, the company's profitability will improve quarter by quarter throughout the year.In the future, the company will continue to focus on the forward-looking layout of cutting-edge technologies and key production capacities based on its analysis of market demand to enhance its mid- to long-term competitiveness.

From the application side, Changdian Technology is deeply involved in high-growth tracks such as high-performance computing, storage, automotive electronics, and power management, and promotes the introduction and mass production of new products in fields such as optoelectronic packaging (CPO), vertical power supply modules, and intelligent driving. In 2025, revenue from computing electronics, industrial and medical electronics, and automotive electronics business will increase by 42.6%, 40.6%, and 31.7% respectively year-on-year.At the same time, the company opened the line for Changdian Technology Automotive Electronics (Shanghai) Co., Ltd., which builds automotive-grade and robot applications; Changdian Microelectronics (Jiangyin) Co., Ltd., which focuses on high-end intelligent applications, accelerated its production capacity ramp-up.

In terms of research and development, the company carries out systematic research on key advanced packaging technologies and continues to deepen collaborative innovation in the industry chain.Full-year research and development expenses in 2025 will reach RMB 2.09 billion, a year-on-year increase of 21.4%.The company will further strengthen R&D investment in key technology areas such as high-density multi-dimensional heterogeneous integration, high-end bonding and interconnection, and glass substrates, and accelerate the transformation of R&D results in advanced technologies.Focusing on the construction of the advanced packaging ecological chain, the company successfully held the Advanced Packaging Developers Conference (APDC) in Singapore to build an open collaboration mechanism and promote technological exchanges and joint innovation to accelerate implementation.

Mr. Zheng Li, Director and CEO of Changdian Technology, said: In the past year, in an environment where multiple factors such as changes in demand structure and cost fluctuations were intertwined, Changdian Technology insisted on promoting advanced packaging upgrades through application traction and promoted the steady improvement of operating quality.In 2026, the company will seize growth opportunities such as high-performance computing, storage and embodied intelligence, accelerate the transformation of technological breakthroughs into mass production capabilities and business increments, further improve high-end capacity utilization and operational efficiency, and build core competitiveness for mid- to long-term development.