Southeast Asia Information Port (www.dnyxxg.com) – Wind data shows that as of the end of January, three companies listed on the Beijing Stock Exchange (BSE) had released their 2025 preliminary financial results, and 123 companies had disclosed their earnings forecasts, covering over 40% of BSE-listed companies. Among them, 77 companies achieved profitability, representing over 60% of the total, showing an overall trend of profit recovery, while significant performance differentiation was observed.
Top-performing companies showed outstanding performance, with six companies projecting net profits exceeding 100 million yuan in 2025. Hengdong Optoelectronics (920045.BJ), a fiber optic communication company listed at the end of 2024, currently tops the profit list, projecting net profits of 270 million to 310 million yuan, a year-on-year increase of 82.95% to 110.05%, mainly due to global business expansion, capacity release, and improved product competitiveness. Guangxin Technology (920037.BJ) and Jilin Carbon Valley (920077.BJ) also achieved increased revenue and profits, with net profits exceeding 100 million yuan.
The constituent stocks of the Beijing Stock Exchange 50 Index continued to play a crucial role in ensuring strong performance, with companies like Lintai New Materials (920106.BJ) and Fujitec (920640.BJ) ranking among the top in net profit. Meanwhile, signs of improved performance were evident, with 13 companies forecasting a return to profitability. Among them, Shibibai (920768.BJ) projected net profit of 50 million to 60 million yuan, representing a year-on-year increase of 1460.54% to 1732.65%. Knight Dairy (920786.BJ) and Zhuozhao Adhesive (920026.BJ) both projected net profits exceeding 40 million yuan. In addition, 12 companies had net profits between 50 million and 100 million yuan, including companies like Fujitec and Liancheng CNC (920368.BJ).
A significant proportion of companies are still under pressure to improve their performance, with eight companies expecting net losses exceeding 100 million yuan. Haitai New Energy (920985.BJ), affected by the cyclical adjustment in the photovoltaic industry, is expected to suffer a loss of 580 million to 680 million yuan, its first loss since its listing in 2022, mainly due to falling solar cell module prices and asset impairment provisions. However, some companies have narrowed their losses; Anda Technology (920809.BJ) and Yingtai Bio (920819.BJ) both expect their losses to narrow year-on-year. Overall, 40 companies have positive earnings forecasts, while another 83 face unfavorable situations such as first-time losses, continued losses, or expected profit reductions.
Currently, among the 292 listed companies on the Beijing Stock Exchange, over 160 have not yet disclosed their earnings, including leading companies such as BTR (920185.BJ). Industry insiders generally believe that the profit recovery momentum of companies listed on the Beijing Stock Exchange (BSE) is strong. Zhu Jieyu, chief analyst of BSE at Dongwu Securities, pointed out that the number of companies turning a profit (13) is a significant increase from 5 in 2024, confirming the recovery trend. In terms of industry distribution, companies with positive profit forecasts are concentrated in the machinery and equipment and automotive sectors, while more companies in the pharmaceutical and biotechnology and basic chemical sectors are under pressure. The former benefits from policy dividends and increased downstream orders, while the latter is affected by weak demand and overcapacity.
Regarding market performance, the BSE 50 Index has recently fluctuated and adjusted along with the A-share market. On February 3, it rose 3.27% to 1549.51 points, with constituent stocks such as Liancheng CNC and Gobija (920438.BJ) rising by more than 10%. Trading activity has steadily increased. In the week of January 26-30, the BSE's trading volume reached 5.961 billion shares, and the turnover reached 143.69 billion yuan, representing week-on-week increases of 9.28% and 8.83%, respectively.
Regarding investment opportunities, institutions recommend focusing on high-quality targets. Zhu Jieyu believes that stocks with strong fundamentals and certain earnings growth will attract more attention. Zhao Hao, chief analyst at Huayuan Securities specializing in the Beijing Stock Exchange, stated that as the main platform for specialized and innovative enterprises, the Beijing Stock Exchange offers continued structural opportunities. He suggests focusing on stocks with strong earnings growth, high industry barriers, and attractive valuations, while also being wary of the volatility risks associated with high-flying speculative stocks. As of now, the number of qualified investor accounts on the Beijing Stock Exchange has exceeded 10 million, a net increase of nearly 2 million compared to the same period last year, indicating a continued increase in market attractiveness.
