- 2025 revenue fell while net income increased, with core earnings reaching a record
- Strong first-quarter growth in 2026 points to a rebound, supported by solar and core electrical businesses
China’s low-voltage electrical equipment maker Chint Group (正泰集团) reported higher profit despite a decline in annual revenue, as gains from its solar unit helped offset softer sales.
The company posted 2025 revenue of 59.1 billion yuan ($8.2 billion), down 8.3% from a year earlier, while net profit rose 16.2% to 4.5 billion yuan.
Profit excluding one-off items reached a record 4.03 billion yuan, up 9.4%, according to its annual report released on April 15.
Headquartered in Leqing in eastern China’s Zhejiang Province, Chint is one of the country’s largest suppliers of low-voltage electrical equipment, with leading positions across industrial, construction and consumer segments.
Growth was partly driven by its solar subsidiary Chint Anneng, which focuses on distributed photovoltaic systems for industrial clients and households.
The unit generated 28.7 billion yuan in revenue and 3.04 billion yuan in net profit in 2025, contributing more than 40% of the group’s earnings based on its stake.
The company’s low-voltage electrical business reported a gross margin of 28.6%, while its solar segment posted 24.3%, an improvement of just over four percentage points from a year earlier.
In the first quarter of 2026, Chint’s revenue rose 46.3% year-on-year to 21.3 billion yuan, while net profit increased 8.9% to 1.27 billion yuan, suggesting a pickup in demand.
The company said it continues to invest in research and overseas expansion, with international revenue reaching nearly 10 billion yuan in 2025, roughly 16.8% of the total income.
