Minsheng Group's 2025 performance reaches a new high, with net profit growth surpassing revenue growth

On March 24, Geely Auto learned that recently, Minth Group released its 2025 full-year performance report. The company achieved record-high revenue and profit, with net profit growth surpassing revenue growth. Core indicators such as cash flow and shareholder returns were also significantly optimized. The results highlight the effectiveness of its global expansion and electric vehicle strategy.

According to the financial report, in 2025, Minth Group achieved a revenue of 25.737 billion yuan, an 11.2% increase from 23.147 billion yuan in 2024. Net profit reached 2.692 billion yuan, a 16.1% year-over-year increase, with net profit margin rising from 10.0% to 10.5%, a 50 basis point improvement. Operating profit was 2.815 billion yuan, up 9.8%, indicating continued strengthening of profitability. Although gross margin slightly declined from 28.9% to 28% due to industry factors, overall profitability remained high.

Image source: Minth Group

In terms of cash flow, the company’s operating cash flow continued to improve. Coupled with rational investments in emerging sectors, free cash flow exploded to 2.703 billion yuan in 2025, nearly doubling from 1.363 billion yuan in 2024, a 98.3% increase. Capital expenditures were 2.210 billion yuan, up 15.6%. While focusing on core business layout, the asset-liability ratio decreased from 24.3% to 21.2%, a 3.1 percentage point reduction year-over-year, making the financial structure more stable.

Regarding shareholder returns, Minth Group significantly increased dividend payouts, with the payout ratio rising from 20% in 2024 to 30%, a 10 percentage point increase. The proposed final dividend is HKD 0.764 per share, a 75.6% increase from HKD 0.435 in 2024, effectively rewarding shareholders.