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Grinda's net profit attributable to shareholders in 2025 was RMB 1.23 billion, a year-on-year decrease of 16.23%. Revenue from functional wet electronic chemicals accounted for more than 91%.
In 2025, the company’s revenue and profits both declined, with gross margin and net margin under pressure, while operating cash flow plummeted by 43.38%. Functional wet electronic chemicals accounted for over 91%, but failed to offset downward industry pressures. R&D investment shifted towards application-oriented projects, halting the construction of a technology center, while new capacity in Sichuan has commenced operations. Non-recurring gains supported net profit attributable to shareholders, but core business profitability faced substantial pressure.
First Quarter Report of Hangzhou Grinda Electronic Materials Co., Ltd. for 2026
Hangzhou Grinda Electronic Materials Co., Ltd. 2025 Annual Report
Announcement on Key Operating Data for the First Quarter of 2026 of Hangzhou Gelin Da Electronic Materials Co., Ltd.
Announcement on Key Operating Data for the Year 2025 of Hangzhou Grinda Electronic Materials Co., Ltd.