Yunnan Baiyao's revenue and net profit are expected to grow both by 2025. President Dong Ming's compensation is 4.25 million yuan, with a background at Huawei.

NightAirdropper · 2026-04-03T00:36:11+00:00

Yunnan Baiyao's 2025 annual report shows the company's operating revenue reached 41.187 billion yuan, a year-on-year increase of 2.88%, and net profit attributable to the parent was 5.153 billion yuan, up 8.51%. The proportion of industrial revenue increased to 38.89%, with R&D investment rising by 21.51%. President Dong Ming has a Huawei background, with stable compensation.

NightAirdropper

2026-04-03 00:36:11

Abstract generation in progress

Securities Times, Liu Zhiying On March 31, Yunnan Baiyao (SZ000538) released its 2025 annual report.

During the reporting period, the company achieved operating revenue of 41.187 billion yuan, a year-on-year increase of 2.88%; attributable net profit to the parent of 5.153 billion yuan, a year-on-year increase of 8.51%; non-recurring items attributable net profit of 4.865 billion yuan, a year-on-year increase of 7.55%, reaching a historical high; and basic earnings per share of 2.89 yuan, a year-on-year increase of 8.65%.

The company’s industrial revenue was 16.016 billion yuan, accounting for 38.89% of operating revenue. The proportion increased by 2.75 percentage points year on year, and industrial revenue growth reached 10.7%. Since 2023, the share of industrial revenue in revenue has recorded continuous growth.

During the reporting period, the company’s net operating cash flow was 4.600 billion yuan, up 7.04% year on year; the weighted average return on net assets was 13.02%, up 1.03 percentage points year on year, the best level in the past five years; and management expenses decreased by 1.68%. The company’s R&D investment was 423 million yuan, up 21.51% year on year, and R&D investment as a share of industrial revenue was 2.64%.

According to inquiries by Securities Times, the CEO of Yunnan Baiyao, Dong Ming, holds a PhD in management and has a background at Huawei.

The materials show that Dong Ming is male, Han ethnicity, born in October 1976, with a PhD in management. He has previously served as deputy general manager of Huawei Technologies Co., Ltd.'s CIS regional division, head of the VIP Systems Department, general manager of the Beijing branch, head of the Mobile Systems Department, and deputy president of Huawei’s China region. He is currently the deputy secretary of the Party Committee, vice chairman, and CEO of Yunnan Baiyao Group Co., Ltd.

Data from East Money shows that from 2021 to 2025, Dong Ming’s compensation was 3.150 million yuan, 4.207 million yuan, 4.251 million yuan, 4.254 million yuan, and 4.253 million yuan, respectively.

Related companies: Yunnan Baiyao sz000538

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