Eagle Eye Warning: Silver Jubilee Technology's Sales Gross Margin Significantly Increased

Sina Finance Listed Company Research Institute | Financial Report Hawk-Eye Early Warning

On March 29, Yinji Technology released its 2025 annual report. The audit opinion was a standard unqualified audit opinion.

The report shows that the company’s operating revenue for the full year of 2025 was RMB 2.2B, up 8.67%; net profit attributable to shareholders was RMB 111 million, up 115.23%; non-recurring profit and loss attributable to shareholders (after deducting non-recurring items) was RMB 106 million, up 108.62%; and basic earnings per share were RMB 0.2415 per share.

Since the company’s listing in May 2011, it has delivered cash dividends 7 times, with cumulative cash dividends already implemented totaling RMB 177 million. The announcement shows that the company plans to distribute cash dividends of RMB 1.00 for every 10 shares to all shareholders (including tax).

The Listed Company Financial Report Hawk-Eye Early Warning System conducts intelligent quantitative analysis of Yinji Technology’s 2025 annual report across four major dimensions: performance quality, profitability, capital pressure and safety, and operating efficiency.

I. Performance Quality

During the reporting period, the company’s revenue was RMB 2.2B, up 8.67%; net profit was RMB 114 million, up 125.31%; and net cash flow from operating activities was RMB 206 million, up 5028.52%.

From the overall performance perspective, the following should be重点关注:

• Revenue growth has slowed. During the reporting period, operating revenue was RMB 2.2 billion, up 8.67%. In the same period last year, growth was 21.38%, which is slower than the previous year.

II. Profitability

During the reporting period, the company’s gross margin was 20.37%, up 21.94% year over year; net profit margin was 5.19%, up 107.33% year over year; and return on net assets (weighted) was 7.92%, up 102.56% year over year.

In light of the company’s operations, the following should be重点关注:

• Gross margin on sales increased significantly. During the reporting period, gross margin on sales was 20.37%, up significantly by 21.94% year over year.

• Gross margin on sales increased, while inventory turnover declined. During the reporting period, gross margin on sales rose from 16.7% in the same period last year to 20.37%, while inventory turnover fell from 6.58 times in the same period last year to 5.94 times.

• Gross margin on sales increased, while accounts receivable turnover declined. During the reporting period, gross margin on sales increased from 16.7% in the same period last year to 20.37%, while accounts receivable turnover fell from 3.64 times in the same period last year to 3.57 times.

III. Capital Pressure and Safety

During the reporting period, the company’s asset-liability ratio was 32.51%, down 21.28% year over year; the current ratio was 2.11, and the quick ratio was 1.62; total debt was RMB 273 million, including RMB 204 million in short-term debt, with short-term debt accounting for 74.75% of total debt.

From the perspective of long-term capital pressure, the following should be重点关注:

• Short-term debt can be covered by broad monetary funds, but long-term debt cannot be covered. During the reporting period, the ratio of broad monetary funds to total debt was 0.93, and broad monetary funds were lower than total debt.

• The cash coverage ratio for total debt is gradually shrinking. In the last three annual reports, the ratio of broad monetary funds to total debt was 2.61, 0.98, and 0.93 respectively, showing a continuous decline.

From the perspective of capital control, the following should be重点关注:

• The ratio of interest income to monetary funds is below 1.5%. During the reporting period, monetary funds were RMB 100 million, short-term debt was RMB 180 million, and the company’s average ratio of interest income to monetary funds was 0.552%, lower than 1.5%.

• The ratio of prepayments to current assets continues to grow. In the last three annual reports, the ratio of prepayments to current assets was 1.71%, 2.38%, and 2.46% respectively, showing continuous growth.

IV. Operating Efficiency

During the reporting period, the company’s accounts receivable turnover rate was 3.57, down 1.84% year over year; inventory turnover was 5.94, down 9.69% year over year; and total asset turnover was 0.96, down 0.28% year over year.

From the perspective of long-term assets, the following should be重点关注:

• Significant changes in construction in progress. During the reporting period, construction in progress was RMB 120 million, up 628.23% from the beginning of the period.

From the perspective of the “three expenses” (sales, administrative, R&D), the following should be重点关注:

• Sales expense growth exceeds 20%. During the reporting period, sales expenses were RMB 70 million, up 28.48% year over year.

Click the Yinji Technology Hawk-Eye Early Warning to view the latest warning details and a visualized preview of the financial report.

Introduction to Sina Finance Listed Company Financial Report Hawk-Eye Early Warning: The Listed Company Financial Report Hawk-Eye Early Warning is a professional intelligent analysis system for listed company financial reports. Hawk-Eye Early Warning gathers a large number of authoritative financial experts from accounting firms and listed companies, and tracks and interprets the latest financial reports of listed companies across multiple dimensions—including company performance growth, earnings quality, capital pressure and safety, and operating efficiency—while presenting potentially existing financial risk points in graphic and text form. It provides professional, efficient, and convenient technical solutions for financial institutions, listed companies, regulatory authorities, and others to identify and issue early warnings on financial risks of listed companies.

Hawk-Eye Early Warning entry: Sina Finance App - Quotes - Data Center - Hawk-Eye Early Warning, or Sina Finance App - Stock Quotes page - Financials - Hawk-Eye Early Warning

Disclaimer: Market risk exists; investment is需谨慎. This article is automatically published based on third-party databases and does not represent Sina Finance’s viewpoint. Any information appearing in this article is for reference only and does not constitute personal investment advice. If there is any discrepancy, the actual announcement shall prevail. If you have any questions, please contact biz@staff.sina.com.cn.

A massive amount of information and precise analysis—right on the Sina Finance App

Responsible Editor: Xiao Lang Kuai Bao