Research Express | Shenzhen Beishidake Holds Earnings Conference Call Open to All Investors, Q4 Net Income Attributable to Parent -22.13 Million Yuan, Detailed Explanation of Gross Margin Recovery and AI Layout

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On March 17, 2026, Shenzhen Beishidake Technology Co., Ltd. (hereinafter referred to as “Beishidake”) held the 2025 annual performance briefing via the Panorama Network “Investor Relations Interactive Platform.” The company’s Chairman and General Manager Xiao Ping, Vice General Manager and Board Secretary Fang Yingjiao, Independent Director Fang Nanping, and Securities Affairs Representative Zhu Lirong attended the meeting and engaged in in-depth discussions with all investors on the company’s performance, business layout, and future development.

Basic Information of the Performance Briefing

Core Performance and Investor Focus

The announcement shows that Beishidake achieved an operating revenue of 838.4068 million yuan in 2025, a year-on-year decrease of 1.52%; net profit attributable to shareholders of the listed company was 12.174 million yuan, down 77.97% year-on-year; net profit after deducting non-recurring gains and losses was 11.5219 million yuan, down 78.15%. Among them, the net profit attributable to the parent in Q4 was -20.13 million yuan. The comprehensive gross profit margin decreased by 4.81 percentage points year-on-year to 24.05%, becoming a key concern for investors.

Q4 Performance Fluctuations and Gross Margin Recovery Path

In response to investors’ questions about whether the negative net profit and decline in gross margin in Q4 were affected by product structure or customer orders, the company stated that the 2025 performance decline was mainly due to increased asset impairment provisions, higher period expense ratios, and a decrease in overall gross profit margin. The negative net profit in Q4 was primarily due to the concentrated recognition of related asset impairment provisions in a single quarter. Regarding the gross margin recovery path in Q1 2026, the company emphasized that it will improve operational efficiency through cost reduction and efficiency enhancement, and optimize product structure to improve profitability.

Stock Price Performance and Self-Help Measures

In response to investor concerns about the decline in stock price, the company said that secondary market stock prices are affected by macroeconomic environment, industry trends, market sentiment, and other factors, and short-term fluctuations are uncertain. The company will focus on its main business and promote self-help through three measures: first, enriching the intelligent product system and expanding the market for intelligent auto parts and other products; second, optimizing business structure by divesting inefficient assets to improve operational efficiency; third, increasing R&D investment to promote the application of “AI + scenarios,” enhance product added value, and develop differentiation capabilities.

AI Layout and Business Transformation Direction

Regarding the question of whether the company is shifting toward AI applications and computing power, the company clarified that it will continue to monitor new technological trends centered on artificial intelligence, and explore the integration of AI in specific application scenarios based on its technical accumulation in intelligent control, visual recognition, behavior recognition, and biometric identification. However, it did not mention plans to shift into the computing power field.

Subsidiary Bankruptcy and Relocation Impact

On the bankruptcy of its controlling subsidiary Suzhou Kemu Electric Co., Ltd., the company stated that it entered bankruptcy proceedings in January 2026 and was taken over by the administrator. The company has lost control and will no longer include it in the consolidated financial statements from 2026. Regarding the Shenzhen base relocation plan, the company said it is carefully evaluating the situation, with personnel relocating in batches, and does not expect it to negatively impact Q1 2026 performance.

Share Repurchase Plan and Re-financing Progress

When asked about share repurchase plans and issuing shares to specific targets, the company responded that any repurchase plans will be disclosed in a timely manner according to regulations; re-financing matters will be studied comprehensively based on industry development and business conditions, and relevant progress will be disclosed as required.

Communication Format and Management Team Stability

In response to suggestions about holding the performance briefing via live video, the company said it will explore multiple communication formats based on actual circumstances to improve investor engagement. Regarding the resignation of the CFO, the company stated it was due to personal reasons and will not affect normal business operations.

Beishidake stated that it will continue to focus on its main business, improve revenue quality and profitability, steadily advance operational goals, and strive to create long-term value for shareholders.

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