en.Wedoany.com Reported - On June 23, China's Naknor (920522) disclosed an announcement stating that the company recently signed a "Procurement Contract" with a leading customer for a total amount of RMB 609 million. The contract subject is a roller press and slitting integrated machine. Both parties have agreed on terms including the subject, quantity, quality, price, payment method, delivery time, and location. The company stated that this contract will have a positive impact on its future operating performance, market expansion, and brand effect, helping to enhance its core competitiveness.
Founded in 2000 and listed on the Beijing Stock Exchange in November 2023, Naknor is a national-level specialized and new "Little Giant" enterprise and a manufacturing single champion enterprise. The company is primarily engaged in the R&D, production, and sales of high-precision roller press equipment, and is a leading enterprise in the domestic lithium battery roller press equipment field. Its main customers include well-known battery companies such as CATL, BYD, CALB, EVE Energy, SVOLT, Sunwoda, Farasis Energy, Hithium Energy, Wuhan Chuangneng, Envision AESC, and Qingtao Energy.
In March of this year, Naknor signed a procurement contract worth RMB 341 million with a leading Chinese customer, also for a roller press and slitting integrated machine. Earlier, in December 2025, the company also disclosed signing a procurement contract with a leading Chinese customer for a total amount of RMB 301 million. Judging from the announcement timeline, Naknor signs a large contract approximately every three months, with the total amount of these three contracts reaching about RMB 1.25 billion. This reflects the continuous recognition of its products by leading customers and provides support for the company's future operating performance growth.
From 2023 to 2025, Naknor's operating revenue was RMB 946 million, RMB 1.054 billion, and RMB 978 million, respectively, with year-on-year growth rates of 25.03%, 11.42%, and -7.14%. Net profit was RMB 124 million, RMB 162 million, and RMB 65.9189 million, respectively, with year-on-year growth rates of 9.33%, 30.69%, and -59.27%. During the same period, the company's asset-liability ratios were 64.93%, 49.30%, and 56.53%. Overall, Naknor's performance shows short-term fluctuations, with a certain pullback in profit levels. The overall asset-liability ratio remains within a reasonable industry range, and the financial fundamentals remain stable.
Regarding the year-on-year decline in operating revenue and net profit in 2025, Naknor explained that it was mainly affected by a short-term supply-demand mismatch in industry capacity. Some battery manufacturers have slowed down their expansion pace, putting pressure on battery equipment demand and acceptance schedules. In the first quarter of 2026, the company achieved operating revenue of RMB 315 million, a year-on-year increase of 35.28%; net profit of RMB 11.6013 million, a year-on-year decrease of 62.58%; and non-GAAP net profit of RMB 11.2332 million, a year-on-year decrease of 62.08%. The significant decline in profitability was mainly due to a year-on-year decrease in gross profit margin, an increase in period expenses, and an increase in impairment loss provisions.
Currently, Naknor faces the dilemma of achieving revenue growth but with poor profitability. From an industry trend perspective, after adjustments in the past two years, battery manufacturers' capacity expansion and new-generation technology route capacity layout have been initiated, and a new round of equipment procurement demand is gradually being released. As of the first half of 2025, Naknor had orders in hand worth RMB 2.01 billion. Having secured large orders in recent consecutive quarters, this provides important support for the gradual recovery and improvement of the company's profitability.
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