Wuxi Lead Intelligent Equipment Co., Ltd. (“Lead Intelligent”) released audited results for the year ended 31 December 2025.

Financial Highlights • Revenue rose 22.0% year on year to RMB 14.36 billion. • Net profit surged 482.0% to RMB 1.56 billion, driven by higher sales and a RMB 108.69 million reversal of credit-impairment losses (2024: RMB 555.17 million charge). • Gross profit climbed 24.6% to RMB 4.41 billion; gross margin improved to 30.7% (2024: 30.0%). • Basic EPS increased to RMB 1.01 (2024: RMB 0.18). • Operating cash flow swung from a RMB 1.57 billion outflow to a RMB 4.95 billion inflow.

Segment Performance • Lithium-ion battery intelligent equipment remained the core business, contributing RMB 9.45 billion, up 22.9% and accounting for 65.8% of total revenue. • Photovoltaic equipment revenue advanced 29.5% to RMB 1.12 billion. • Automotive intelligent production lines recorded RMB 0.90 billion, a 615.6% increase on higher project deliveries. • Intelligent logistics equipment fell 38.1% to RMB 1.16 billion due to project-acceptance timing. • Mainland China generated RMB 11.23 billion (78.2% of total); overseas markets contributed RMB 3.13 billion, up 10.5% and representing 21.8% of revenue. • A single customer accounted for RMB 3.05 billion, exceeding 10% of annual revenue.

Cost & Expenses • Cost of sales rose 20.8% to RMB 9.95 billion, broadly in line with top-line expansion. • Selling and marketing expenses edged down 2.5% to RMB 353.48 million; administrative expenses slipped 1.7% to RMB 1.10 billion. • R&D spending remained substantial at RMB 1.61 billion, 11.2% of revenue (2024: 14.2%).

Balance Sheet & Liquidity • Cash, time deposits and restricted deposits totaled RMB 6.06 billion, up RMB 1.72 billion from end-2024. • Interest-bearing borrowings declined to RMB 3.05 billion (-28.5%), lowering the gearing ratio to 66.3% (2024: 67.9%). • Inventories increased to RMB 14.96 billion, mainly due to higher volumes of goods delivered awaiting customer acceptance.

Dividend The Board proposes a final cash dividend of RMB 0.287 per share (tax inclusive), totaling RMB 477.30 million, subject to shareholder approval.

Operational Developments Lead Intelligent advanced its globalisation strategy to 19 overseas branches across 16 countries, deepened cooperation with international battery and automotive leaders, and reported progress in solid-state, sodium-ion and energy-storage equipment deliveries. Digital initiatives such as the proprietary LEADACE manufacturing platform and factory carbon-neutral certification supported efficiency gains and ESG objectives.

Outlook and Risk Factors Management expects long-term demand from new-energy vehicle, energy-storage and PV sectors to remain solid, while noting potential risks from macro-economic shifts, customer credit, inventory levels, foreign-exchange fluctuations and rapid technology iteration. The company plans to reinforce lean operations, sustain heavy R&D investment, and pursue steady global expansion to underpin future growth.

These results reflect Lead Intelligent’s strengthened market position as a comprehensive new-energy intelligent-equipment provider and its improved financial resilience entering 2026.