The briefing was attended by Wei Qinghong, Director of Fuda Alloy and General Manager of Zhejiang Fudar; Meng Shan, Deputy General Manager and Secretary of the Board of Directors; and Zheng Lidan, Chief Financial Officer. During the meeting, Fuda Alloy reviewed its operating performance in 2025 and the first quarter of 2026, shared its financial progress, and presented its strategic roadmap for future growth.
Group Photo of Fuda Alloy Executives and Institutional Investors
Operating Performance: Strong Growth Highlights Robust Development Momentum
Wei Qinghong Reviews Fuda Alloy's Operating Performance
At the meeting, Wei Qinghong reviewed Fuda Alloy's overall operating performance in 2025 and the first quarter of 2026.
In 2025, the company achieved operating revenue of RMB 5.038 billion, representing a year-on-year increase of 30.85%. Net profit attributable to shareholders of the listed company reached RMB 108 million, up 136.80% year on year.
The company's growth momentum accelerated further in the first quarter of 2026. Fuda Alloy recorded quarterly revenue of RMB 1.942 billion, while net profit attributable to shareholders of the listed company reached RMB 181 million. This marked the company's best first-quarter performance in its history, with quarterly net profit already exceeding the full-year level of 2025.
This strong performance was driven by the effective implementation of Fuda Alloy's "overseas expansion + high-end markets" strategy, together with rapid growth in emerging sectors. In 2025, revenue from the company's overseas and mid-to-high-end businesses reached RMB 753 million, up 39% year on year.
Fuda Alloy also made important progress in entering the supply chains of global industry leaders such as Schneider Electric, ABB, and Siemens, further strengthening its competitiveness in high-end markets.
In key growth sectors, including data centers, wind and solar energy storage, and electric vehicles, the company achieved more than double growth, forming new growth drivers for its continued development.
Financial Performance: Improved Earnings Quality Supports Sustainable Growth
Zheng Lidan Analyzes Fuda Alloy's Financial Performance
Chief Financial Officer Zheng Lidan provided a professional analysis of Fuda Alloy's financial performance.
She noted that the company's net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, achieved substantial growth in 2025 and continued to reach a record high in the first quarter of 2026. This reflected the strong organic growth momentum of Fuda Alloy's core business and the continued improvement of its earnings quality.
Zheng Lidan also emphasized that the company's gross profit margin improved steadily, supported by the increasing contribution of high-margin overseas and high-end businesses, as well as disciplined cost and expense management. These improvements have laid a solid foundation for Fuda Alloy's sustainable, high-quality development.
Strategic Roadmap: Expanding into New Materials and Building Future Growth Engines
Meng Shan Presents Fuda Alloy's 2030 Strategic Roadmap
Following the financial review, Meng Shan presented Fuda Alloy's "3+3+3+X+N" strategic roadmap toward 2030.
He announced that the company had formally submitted a proposal to change its name to "Fuda New Materials Group Co., Ltd." The proposed name change reflects Fuda Alloy's strategic transformation from a traditional electrical contact materials manufacturer into a global innovation leader in the new materials industry.
Meng Shan explained that the company's three core industries will form a solid foundation for future development. At the same time, Fleedar, Haoda, and Junda are accelerating their expansion into advanced fields, including high-end new energy applications, high-voltage DC connection solutions, and high-end brazing materials, opening up new growth opportunities for the company.
Fuda Alloy has also established three key support platforms: Shanghai Fuda, Fuda Europe, and Fuda Institute of Advanced Materials. In addition, the company is actively exploring future strategic emerging industries through mergers and acquisitions (N) and internal incubation (X).
Looking ahead, Fuda Alloy will strive to shift its development focus from being "No. 1 in scale" to becoming "No. 1 in performance, No. 1 in quality, and No. 1 in value". The company also aims to incubate two new strategic businesses every five years, building a strong development pipeline for long-term growth.
In his concluding remarks, Meng Shan noted that the company's strong first-quarter performance was the result of 32 years of dedication to industrial development, continuous accumulation, and transformation from quantitative growth to qualitative improvement.
Fuda Alloy is now at an important turning point in its fundamentals. With the joint efforts of all Fuda employees and the continued support of investors, Fuda is committed to becoming a global innovation leader in the new materials industry and realizing its long-term vision of building "a RMB 100 billion enterprise and a century-strong Fuda".
