Chongqing Machinery & Electric Co., Ltd. (CHONGQING M&E) released audited results for the year ended 31 December 2025.

Key Financials • Revenue: RMB10.04 billion, up 11.90% year-on-year. • Gross profit: RMB1.62 billion, up 3.60%. • Profit attributable to shareholders: RMB0.76 billion, up 76.90%. • Basic EPS: RMB0.21, up 75.00%. • Final dividend proposed: RMB0.055 per share (2024: RMB0.035); together with the interim RMB0.01 already paid, full-year payout totals RMB0.065.

Operating Highlights • Clean-energy equipment revenue grew 13.70% to RMB8.30 billion, driven by wind-turbine blades, wires & cables and a turnaround in hydropower equipment. Segment profit rose to RMB0.25 billion. • High-end smart equipment revenue rose 3.00% to RMB1.66 billion; segment loss widened to RMB73.10 million due to goodwill impairment at PTG (UK). • Industrial services revenue edged up 1.40% to RMB63.32 million; segment profit fell to RMB3.70 million on narrower interest spreads. • Investment income from associates and joint ventures jumped 57.70% to RMB789.79 million, lifted by Chongqing Cummins’ record earnings and Chongqing Hitachi Energy’s profit rebound. • R&D expenditure was RMB521.57 million, representing 5.19% of revenue.

Balance Sheet & Cash Flow • Total assets: RMB19.95 billion (+12.81%); cash and cash equivalents: RMB2.68 billion. • Net operating cash inflow: RMB459.46 million (2024: RMB717.66 million). • Net debt-to-capital ratio improved to 19.50% (2024: 20.30%). • Current ratio stood at 1.31.

Strategic Developments • The company outlined a “12358” framework for 2026, aiming to deepen technological innovation, digital transformation and capital-efficiency initiatives. • Parent-level restructuring completed; Chongqing Yufu Holding now owns 80% of controlling shareholder CQMEHG, which in turn holds 61.04% of CHONGQING M&E. • Supervisory Committee abolished in October 2025; its oversight functions transferred to the Audit Committee.

Outlook Management targets higher-quality growth in 2026 through dual enhancement of existing and emerging industries, expansion in overseas clean-energy markets, and continued cost and lean-management programmes.

The proposed final dividend is subject to shareholder approval at the AGM on 10 June 2026; record date is 24 June 2026 and payment is scheduled for 24 July 2026.