Samudy Announces 2025 Annual Results

Samudy Precision Tool Co Ltd

Samudy Holdings Limited

announced2025Annual Results

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Revenue reachedHK$2.39billion profit reachedHK$218million

final dividend of6.2HK cents special dividend of10HK cents

with a full-year payout ratio of78.4%

Strategic reform initiated

driving structural breakthroughs and long-term transformation and upgrading of the business

one of the world's leading one-stop injection molding solution providers ─ Samudy Holdings Limited("Samudy" or the "Group"), announced yesterday its annual results for the year ended December 31, 2025 (the "Year").

In 2025, the global economy, amid multiple factors including U.S. tariff policy adjustments and the artificial intelligence(AI) investment boom, exhibited a highly volatile and divergent development landscape. The U.S. government, starting fromApril, substantially raised tariffs, pushing up prices of some goods and dampening consumer confidence, while expectations of slowing demand for consumer end products intensified. At the same time, tariffs increased cost pressure, prompting some consumer electronics brand customers to adopt more cautious procurement strategies and slow down the pace of new product development. The Group2025's full-year revenue reached2,394.6million HKD, up1.5% year-on-year. The mold-making business maintained its steady growth momentum, rising12.7% year-on-year, while the injection molded component manufacturing business declined3.1% year-on-year, affected by the cautious procurement strategies of some downstream industry customers.

During the year, the Group launched several new projects. As these projects were at the early development stage, machine utilization was relatively low, partially offsetting cost benefits. The Group's gross profit fell1.6%to588.8million HKD, with gross margin down0.8percentage points to24.6%To align with future development directions, the Group adjusted its overall strategic planning during the year and carried out organizational optimization and functional restructuring, strengthening project management and technical support capabilities, all of which involved expenses that temporarily impacted profitability. The Group recorded profit for the year of218.0 million HKD, down16.7% year-on-year. Net margin decreased2.0percentage points to9.1%, with basic earnings per share of0.26 HKD, down18.8% compared with the same period last year.

The Board has resolved to recommend a final dividend for the year ended December 31, 2025 of6.2HK cents per share and a special dividend of10HK cents per share, together with the already paid interim dividend of 4.3HK cents per share, for total dividends of20.5HK cents per share,with a payout ratio of78.4%.

Outlook

Looking ahead to 2026, the overall economic situation remains full of uncertainty. The U.S. trade policy has been volatile and unpredictable, while the Middle East conflict has pushed up raw material prices and logistics costs, posing challenges to the stability of global supply chains. At the same time, China continues to implement the consumption-boosting "Two New" policies to expand domestic demand and boost2026 economic performance. In addition,AItechnology's deep empowerment, accelerated product iteration and upgrading, and the premium consumption trend are driving growth in the consumer electronics industry. Brand owners are actively preparing to launch new products, and management remains cautiously optimistic about the overall business outlook

Mr. Li Peiliang, Chairman of Samudysaid: "Samudy will, in2026, officially embark on a more focused, collaborative and growth-oriented development phase, laying the foundation for future growth. We havealready launched a strategic upgrade and reform, driving structural breakthroughs in the business and the long-term transformation and upgrading of the enterprise. For certain key positions, successors have been selected from the talent pipeline cultivated over the years, and succession work has been steadily initiated to ensure a smooth transition and continuity of capabilities in the management team. At the same time, we have further optimized the management structure, clarified the division of rights and responsibilities, and refined operations through dedicated teams to improve decision-making efficiency and business execution, making the organization more efficient and resilient." He added: "We have re-examined and precisely positioned our downstream customer industries, focusing the business on six major areas: consumer electronics (overseas), consumer electronics (domestic), medical, personal care, automotive and packaging, building a clear, focused and efficient business track architecture. Based on the characteristics and needs of each track, we have formed multiple professional, highly targeted sales teams to precisely match customer needs, strengthened the synergy between precision mold and injection molding sales, integrated superior resources, and committed to providing customers with more comprehensive, higher-quality integrated services and value-added solutions, deeply exploring the value of cooperation with customers."

Mr. Lu Gongshan, Executive Director and Chief Executive Officer of Samudyadded: "Samudy has completed a cross-regional capacity layout, with the Vietnam production base further expanded, adding approximately5,000 square meters, forming a 'China + Vietnam' dual-production-site synergy model that enhances delivery flexibility and supply stabilityAt the same time, the Suzhou plant has further expanded its capacity to improve market coverage and delivery capabilities in East China, while the Shenzhen Guangming headquarters has increased capital investment to expand a fully automated cleanroom workshop for medical consumables and enhance precision mold manufacturing capability and precision, strengthening structural design and precision manufacturing for high-end medical and consumer electronics products." He further added: "With theAItechnology's rapid iteration and breakthroughs, technological innovation has become a core driver for consumer electronics brands to enhance market penetration and product differentiation. To seize the opportunities of industry upgrading, we continue to deepen strategic cooperation with consumer electronics brand customers. In particular, the Group has successfully entered theARglasses industry's key supply chain. Whether leading enterprises, startups, or other consumer electronics brand customers, we provide customers with a one-stop full-process solution from product concept realization, component design optimization, to high-precision mold design and manufacturing and precision injection molding intelligent manufacturing, comprehensively supporting customers in theirARglasses innovation, R&D and accelerating product commercialization."

2025 Full-Year Business Review

As a world-leading one-stop comprehensive injection molding solution provider, Samudy offers tailor-made, cost-effective and high-precision injection molded products and services to many internationally renowned enterprises.

The Group's injection molding business has long served many leading consumer electronics brands at home and abroad. During the year under review, amid persistently high inflation and slowing income growth, overseas consumers remained cautious about the economic outlook and consumer confidence was relatively weak. Despite the challenging overall market environment, several leading domestic brands accelerated their global expansion with continuously expanding product lines. Leveraging its diversified customer portfolio, the Group effectively diversified market volatility risks, with revenue from the smartphone and wearable device segment and the smart home segment increasing by2.1%and15.4%respectively. On the other hand, the commercial communication equipment segment, which was at a customer procurement peak last year with a high base, saw procurement return to a normal pace during the year, with revenue declining34.8% year-on-year. Revenue from medical customers recorded steady growth. However, affected by weak global consumer sentiment, the Group's personal care brand customers reduced orders, causing the overall revenue of the medical and personal care segment to decline slightly by1.6% year-on-year.

Injection Molded Component Manufacturing Business (approximately67.1% of total revenue)

Revenue of the injection molded component manufacturing segment was approximately1,607.8 million HKD, down3.1% compared with the same period last year.In 2025, the Group invested in several new product developments. Affected by upfront development investment and capacity utilization that had not yet been fully released, the gross margin of the injection molding business declined0.9 percentage points to20.9%The Group expects that as new customer demand increases and new projects successively enter mass production, capacity utilization will continue to improve, further improving the gross margin.

Mold-Making Business (approximately32.9% of total revenue)

In 2025, revenue of the mold-making business from external customers was approximately786.8million HKD, up approximately12.7% year-on-year. Since2023the market recovery at the end of the year, demand for the Group's mold business has continued to rebound and maintain steady growth. To seize the opportunities of industry recovery and meet customers' demand for high-precision, high-quality products, the Group has gradually increased investment since the beginning of this year to enhance precision mold manufacturing capability and precision, consolidating its technological advantages and market competitiveness. At the same time, the Group is actively expanding into growth-potential application areas such as medical, consumer electronics and packaging, further optimizing and diversifying its customer structure and enhancing the business's ability to withstand economic cycles.In 2025, the gross margin of the mold-making segment declined due to changes in product mix, down1.8 percentage points to32.2%.