Over 100 A-share Companies Release Their Report Cards! AI Computing Power, Semiconductors... These Sectors Shine in Performance

A-shares listed companies are actively disclosing their annual reports. As of 8:00 PM on March 16, 2026, over 100 companies have announced their 2025 performance.

From the disclosed data, the past year in the A-share market has shown a clear trend of “leading companies continuing to outperform, and emerging industries remaining prosperous.” About 80% of companies achieved profitability, with total revenue surpassing 2 trillion yuan.

Data source: Wind Zhao Liyun / Chart

In 2025, industry leaders’ profitability remains impressive. Among the 102 listed companies that have disclosed their 2025 results, more than 20 have net profits attributable to parent exceeding 1 billion yuan, with three reaching hundreds of millions.

As a global leader in power batteries, CATL ranked first with a net profit attributable to parent of 72.201 billion yuan in 2025, up 42.28% year-over-year. Revenue reached 423.702 billion yuan, an increase of 17.04%. The company also announced a generous dividend plan, proposing to distribute over 30 billion yuan in cash dividends, demonstrating strong cash flow and commitment to shareholder returns.

Industrial Fulian is a leading global provider of communication network equipment, cloud service devices, precision tools, and industrial robots. Benefiting from the rapid growth in global AI computing power demand, the company achieved revenue of 902.887 billion yuan in 2025, up 48.22%, and net profit attributable to parent of 35.286 billion yuan, up 51.99%, both reaching new highs since listing.

Baofeng Energy, operating in the traditional coal chemical industry, also performed well. In 2025, the company achieved annual revenue of 48.038 billion yuan, up 45.64%; net profit increased by 79.09% to 11.35 billion yuan; and net profit excluding non-recurring gains and losses exceeded 10 billion yuan for the first time, reaching 11.52 billion yuan.

Looking at industry distribution, among the listed companies that have disclosed their 2025 annual reports, emerging industries such as AI computing power and semiconductors stand out.

Cambricon turned profitable in 2025, with net profit attributable to parent reaching 2.059 billion yuan. The company stated in its annual report that 2025 saw the global AI industry accelerate growth, with breakthroughs in large language models and generative AI sparking industry transformation. As the foundational layer of AI applications, computing power demand is rising rapidly.

As a leading global supplier of AI and high-performance computing PCBs, Shenghong Technology also explained in its 2025 annual report that benefiting from AI development and increased AI computing power, demand for high-end products like HDI and multi-layer boards grew rapidly. In 2025, the global HDI output value was $15.717 billion, up 25.6%; multi-layer boards reached $33.091 billion, up 18.2%. Against this backdrop, Shenghong Technology achieved revenue of 19.293 billion yuan in 2025, up 79.77%, and net profit attributable to parent of 4.312 billion yuan, up 273.52%.

A batch of high-performing listed companies will continue to release their performance reports.

As of March 16, over 3,000 A-share listed companies have announced their 2025 performance briefings or forecasts, with more than half expecting positive results, and over 700 companies’ net profits are expected to double year-over-year. Notably, companies in the new energy and AI computing power sectors are worth watching.

According to disclosed announcements, New E-Sun benefits from sustained growth in computing power investments, with rapidly increasing demand for high-speed products. The company expects to achieve a net profit attributable to parent of 9.4 to 9.9 billion yuan in 2025, a year-over-year increase of 231.24% to 248.86%. Similarly, Zhongji Xuchuang, benefiting from strong terminal customer investments in computing infrastructure, reported in its 2025 performance forecast that it achieved a net profit attributable to parent of 10.799 billion yuan, up 108.81%, and net profit excluding non-recurring gains and losses of 10.71 billion yuan, up 111.32%.

Proofreader: Liao Shengchao