On April 15, Sunwill Co., Ltd. released its 2025 annual report, reporting annual operating revenue of 2.901 billion yuan, a year-over-year increase of 7.56%; net profit attributable to shareholders of the listed company was 79.723 million yuan, a year-over-year increase of 47.21%.
In 2025, the company’s operating performance improved steadily, and its core businesses developed robustly. Market demand for traditional flagship products, such as plastic air conditioner fan blades, remained stable. Meanwhile, driven by resource integration and optimized operational management, the automotive parts business achieved rapid revenue growth, becoming a key driver of overall performance growth. Driven by continuous investments in automation equipment, digitalization, and management system improvements—which boosted production and management efficiency—combined with the realization of economies of scale and a sustained decline in unit fixed costs, the gross profit margin of core products remained stable and showed an upward trend.
Market and R&D Synergies Drive Continuous Expansion of Business Portfolio
In 2025, the company continued to increase R&D investment across its entire business chain, with annual R&D expenses reaching approximately 91.36 million yuan, a year-on-year increase of 20%. The Fan Blade R&D Center pursued focused diversification in sectors such as bathroom fixtures, ceiling fans, energy storage cooling, and livestock ventilation; the Low-Pressure Fan System Laboratory obtained CNAS national accreditation. The automotive components business focused on intelligent pneumatic control technology, completing A-sample testing for electronic cooling fans and air conditioning blowers, as well as conceptual design for air-blow pumps, and entered the Brazilian market through a French heavy-duty truck project. The materials business deepened preliminary research into sustainable environmental protection, energy storage, low-altitude economy, and embodied intelligence technologies. These R&D achievements have simultaneously driven market expansion: fan blade products have begun supplying auxiliary components to production bases in Hangzhou, Zhengzhou, and other locations; the automotive components business has successfully secured multiple new clients and won dozens of designated projects.
Digitalization and automation levels have surged, earning the company selection as a model case for “Robotics + Manufacturing”
In 2025, the company continued to enhance its digitalization and automation capabilities: In terms of information technology, systems such as MES, HR, and piecework wage management were optimized, and new platforms for asset management, R&D project management, and rapid quality response management were added; regarding automation, new automated dynamic balancing machines and automated welding machines were introduced, significantly increasing automation coverage. The company’s independently developed visual inspection equipment for through-flow finished products was selected as an “Excellent Product Empowering Key Industries with Artificial Intelligence and Intelligent Robotics in Foshan (Second Batch)”; simultaneously, its independently developed automated solution for “through-flow fan blade welding and dynamic balancing compensation” was successfully selected as a model case in the “Robotics + Manufacturing” sector.
Governance Capabilities Recognized by the Market; Three Consecutive Years of “A” Rating for Information Disclosure
The company strictly adheres to regulatory requirements and actively fulfills its information disclosure obligations, having received an “A” rating in the Shenzhen Stock Exchange’s information disclosure assessment for three consecutive years. During the year, the company hosted in-depth research visits from leading institutions such as China Merchants Securities and Southwest Securities, achieving a “zero breakthrough” in the number of research reports published on the company. Additionally, the company was awarded the “Golden Roundtable Award – Outstanding Board of Directors” by the 20th China Listed Companies Board of Directors Awards organized by Board of Directors Magazine.
In 2026, the company will continue to adhere to the overarching principle of “seeking progress while maintaining stability and pursuing high-quality development.” It will establish a multi-dimensional development framework centered on “deep cultivation of existing businesses, breakthroughs in new growth areas, and leadership in emerging sectors,” and implement a “fan blades + automotive” dual-engine growth strategy. Building upon its position as the global leader in plastic air conditioning fan blades, the company will fully commit to developing the automotive parts industry while actively exploring investment opportunities in emerging fields and future industries such as high-end motors, embodied intelligence, new energy vehicles, artificial intelligence, and new materials.
Concurrently, the company will continue to advance its project for the issuance of shares to specific investors via a simplified procedure. The raised funds will be focused on the technological upgrading project for automated and intelligent manufacturing of fan blades and the construction project for the production of high-performance modified composite materials. This is expected to further enhance the company’s large-scale manufacturing capabilities for both plastic and metal fan blades, overcome existing technical bottlenecks in high-performance modified composite materials, and establish material supply capabilities for emerging sectors. Consequently, this will enrich the product portfolio and create diversified growth drivers.