Jianghe Group's 2025 Non-GAAP Net Income Attributable to Parent Company Grows 42.06% Year-over-Year; Strong Overseas Order Growth

(Source: Beijing Capital Circle)

On the evening of March 19, Jianghe Chuangjian Group Co., Ltd. (hereinafter referred to as “Jianghe Group”) released its 2025 annual report. In 2025, the company achieved operating revenue of approximately 21.845 billion yuan; net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, was 595 million yuan, a year-on-year increase of 42.06%.

During the reporting period, the company’s overseas orders grew strongly, with contract value reaching about 9.87 billion yuan, accounting for 35% of total orders, a 30% increase year-on-year; among them, overseas curtain wall orders reached 6.88 billion yuan, accounting for 36% of total curtain wall orders, an 84% increase year-on-year.

As of the end of the reporting period, the company had on-hand orders of about 37.6 billion yuan, with a sufficient order backlog and high-quality structure. Of these, domestic orders on hand were approximately 22.3 billion yuan, and overseas orders on hand were about 15.3 billion yuan, a 51% increase year-on-year. Overseas orders accounted for 41% of total on-hand orders, with both the scale and growth rate of overseas business showing impressive results.

During the reporting period, the company implemented the “Focus” and “Go Global” strategies, with subsidiaries such as Jianghe Curtain Wall, Chengda Group, and Gangyuan Decoration overcoming challenges. Notably, Jianghe Curtain Wall successfully bid for the curtain wall project of the world’s first super 1,000-meter-high building, JEDDAH TOWER (“Jeddah Tower” or “Kingdom Tower”), with a contract value of approximately 2.012 billion yuan, once again reaching a new height in global architecture. Meanwhile, the company expanded into Southeast Asia, the Middle East, Australia, and other regions, securing a number of high-impact orders, with significant results in global market deployment.

In overseas markets, the company adopts a dual-driven business model of “EPC + Platformization,” accelerating the development of product platformization, systematization, and high-end branding, reshaping new cooperation models and value systems in the global curtain wall industry. Since launching the platform model for curtain wall products and atypical photovoltaic modules globally, overseas market expansion has achieved remarkable results. During the reporting period, the company signed curtain wall product supply orders worth 648 million yuan, a 897% increase year-on-year. BIPV atypical photovoltaic modules obtained international certification in May 2025 and began global sales, entering markets such as Singapore and the Middle East through curtain wall channels.

Facing a complex and severe external market environment, the company坚持“cash is king”理念，focus on high-quality customers and projects, avoiding pre-financed projects, and strictly controlling marketing entry points. Throughout the project lifecycle, the company continuously strengthens input-output management, emphasizes project settlement and accounts receivable collection, significantly improving capital efficiency and operational quality. In 2025, the net cash flow from operating activities was approximately 1.545 billion yuan, equivalent to a per-share operating net cash flow of 1.36 yuan, far exceeding the basic earnings per share.

The company continues to strengthen shareholder returns. During the reporting period, it implemented cash dividends for 2024 and mid-year dividends for 2025, totaling 623 million yuan (including tax), actively rewarding shareholders. The average cash dividend ratio for 2024 and the planned cash dividend ratio for 2025 reached 93%, fully demonstrating the company’s strong profitability and solid financial fundamentals.

Looking ahead to 2026, Jianghe Group stated that it will continue to focus on its core business of building decoration, follow industry development trends, and drive technological R&D and product innovation. The company will vigorously promote the transformation and upgrading of the curtain wall industry toward green, intelligent, and productized development, increasing investment in core technology research and development, continuously optimizing product performance and construction processes, and enhancing core competitiveness. It will accelerate technological iteration, capacity release, and market promotion of innovative products such as atypical photovoltaic modules, optimize product structure, and cultivate new growth drivers. Through technological innovation, the company aims to improve quality and efficiency, further consolidating its industry-leading position.