Putian Communication Group Limited (“Putian Comm”) reported FY2025 revenue of RMB700.10 million, up 5.5% year on year. Net profit attributable to shareholders climbed 37.3% to RMB25.35 million, lifting basic EPS to RMB0.023.

Gross profit edged up 1.5% to RMB143.47 million, while the gross margin slipped 0.8 percentage points to 20.5%, reflecting a more competitive pricing environment. Net margin improved to 3.6% (FY2024: 2.8%) as lower finance costs (-9.8% to RMB17.51 million) and a RMB2.78 million reversal of credit-loss provisions offset higher administrative spending.

Segment trends remained mixed: • Optical fibres & fibre-optic cables: revenue rose 15.2% to RMB183.91 million, buoyed by China Unicom project wins and broader 5G-A roll-outs. • Structured cabling system products: sales increased 16.3% to RMB187.83 million, supported by data-centre demand. • Data & communications cables: revenue slipped 4.2% to RMB328.36 million amid softer market conditions.

Operating cost discipline was evident. Selling and distribution expenses fell 5.7% to RMB42.92 million, while administrative expenses rose 6.6% to RMB61.55 million, partly due to higher R&D outlays. Transportation costs fell 6.8% to RMB13.99 million.

Cash and restricted deposits totalled RMB71.99 million at year-end, up 41.5% from FY2024. Interest-bearing borrowings expanded to RMB378.44 million (FY2024: RMB311.94 million), increasing the debt-to-asset ratio to 0.53. Net assets improved to RMB617.65 million, while net current assets reached RMB323.71 million. Property, plant and equipment stood at RMB396.80 million; roughly RMB184.06 million of these assets were pledged against loans.

The board did not recommend a final dividend, maintaining last year’s stance.

Management highlighted strengthening demand tied to China’s 5G-A network expansion, the “East Data, West Computing” initiative, and the emerging low-altitude economy. Putian Cable, the wholly-owned subsidiary, delivered 5,430 projects during the year and expanded fibre-drawing capacity to 12 million fibre-kilometres after completing Phase II of its production facilities.

Looking ahead to 2026, the company intends to deepen its presence in data-centre cabling, advance industrial specialised cables for sectors such as new energy, and enhance supply-chain digitalisation to support further growth.