Link: https://links.sgx.com/1.0.0/corporate-announcements/M7LB9810WCDTIHU2/3d5204fc2ac7e710f1108b07871fa47fe5d11488ff43be69dc2f5cae622ace04

Summary:

• FY2025 revenue up 3% to RMB 570.1 million, driven by strong 21% sales growth in general purpose tapes segment; industrial specialty tapes also grew 3.2%.

• BOPP films segment sales declined 12.9% due to weaker demand and selling prices; segment mix shifted to general tapes making up 35.6% of revenue.

• Net profit dropped 24.9% to RMB 7.8 million, mainly from increased selling, distribution, administrative, and finance costs as the company scaled up manpower and expanded R&D.

• Gross profit rose 5.3% and margin improved to 15.8% following production efficiency gains from new adhesive coating lines; other income benefited from reversed expected credit loss.

• Domestic market accounted for 89.4% of revenue, overseas sales fell 5.3% owing to global uncertainties.

• Group invested RMB 19.3 million in capex, expanding Hubei plant and upgrading Zhongshan factory, with additional product and machinery capacity planned for FY2026.

• Business outlook remains cautious due to ongoing geopolitical, macroeconomic, and supply chain risks, with plans to invest in R&D, production efficiency, and tailored customer solutions.

• Sustainability focus enhanced via TCFD-aligned climate scenario analysis and strategic roadmap; efforts to improve climate resiliency, reporting and corporate governance ongoing.