05,26,2026 4 views
On April 23rd, Beijing Hezhong Sizhuang Technology Co., Ltd. (stock abbreviation: Hezhong Sizhuang, stock code: 002383) released its 2025 annual report.
According to the annual report, the total operating revenue of Hezhong Sizhuang in 2025 was 1.369 billion yuan, an increase of 171 million yuan compared to the same reporting period last year, and an increase of 14.27% compared to the same period last year; The net profit attributable to the parent company was -158 million yuan, a year-on-year decrease of 28.81%.
According to the data, Hezhong Sizhuang is one of the leading enterprises in the satellite navigation industry with global competitiveness. Based on high-precision satellite navigation technology, it conducts research and development, manufacturing, and sales of related products, and expands industry applications in professional markets. It provides high-precision Beidou/GNSS and spatiotemporal information product services to numerous users, as well as "Beidou+" and "+Beidou" industry solutions, promoting the global development layout of the satellite navigation industry.
Among them, in the field of agriculture, we have been focusing on precision agriculture for more than ten years, winning numerous industry awards, having hundreds of distributors, and our business covers more than 20 provinces. We are continuously committed to improving technology, products, and services, and promoting the intelligent development of agriculture. The products cover the whole link of precision agriculture such as agricultural machinery navigation auto drive system, variable operating system, unmanned operation solution, intelligent agricultural machinery monitoring information platform and intelligent agricultural information system. The product is compatible with various brands of agricultural machinery, suitable for multiple operating scenarios, and can achieve monitoring and scientific scheduling of agricultural machinery positions, job sharing, remote monitoring, and services; It can significantly improve the quality of agricultural operations, land use efficiency, and farm management efficiency, achieving cost reduction and efficiency improvement in agricultural production.
The report states that the main reasons for changes in revenue and net profit in 2025 are as follows:
1. In 2025, the company will focus on its main responsibilities and businesses, strengthen resource coordination and allocation, and expand its business in key areas such as surveying and mapping, precision agriculture, and overseas markets. In the environment of intensified market competition, the company's main business revenue has grown against the trend. Meanwhile, thanks to the company's multiple measures to reduce costs, increase efficiency, and improve operational efficiency, profitability has gradually improved.
2. According to the Accounting Standards for Enterprises No. 8- Asset Impairment and relevant accounting policies, the company has made provisions for impairment of goodwill, inventory and contract performance costs, and credit impairment losses in accordance with the bad debt provision policy for the acquisition of subsidiaries in the previous period. The total amount of impairment provisions made is 122.3018 million yuan.
3. The company continues to promote strategic adjustments and business restructuring, and orderly divests some non core businesses and inefficient assets. The above adjustments have led to a decline in revenue and an increase in costs for some business units, which in turn has a negative impact on the overall profitability of the company.
In terms of agricultural business, we will launch a series of new products by 2025, covering the three core areas of intelligent driving, precision operation, and system software, to achieve full scenario precision agriculture demand coverage. Among them, the EAS800 agricultural machinery intelligent driving system has achieved triple upgrades in hardware, algorithms, and interactive interfaces, improving the stability of complex terrain operations by 30% and providing reliable support for large-scale farm automation operations; EAS401 Beidou navigation agricultural machinery auto drive system adopts intelligent display and control integrated machine and EW2 electricsteering wheelExternal gyroscope, supporting attitude compensation algorithm, the whole machine has IP67 protection level, and is not afraid of various harsh working environments such as sand, wind, rain, mud, etc; The PFMS100 precision seed fertilizer monitoring system adopts multi speed source fusion technology, which can adapt to many brandsseederImprove the precision of seed fertilizer control and plant spacing accuracy, enable real-time monitoring and alerting of anomalies such as missed sowing and empty storage, and reduce seed fertilizer waste; The VSA100 visual navigation system can adapt to extreme agricultural environments such as spring plowing in cold regions and tropical summers, innovatively filling the blind spots of satellite navigation. Through AI visual recognition technology, agricultural machinery can "see and walk accurately" in complex environments such as greenhouses and forests, which can greatly improve comprehensive operational efficiency.
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