The "Big Market" in the Annual Report — Henan-listed Companies Deliver a Solid Performance Report

On March 30, Henan listed companies gradually disclosed their 2025 annual reports. Luoyang Mooyong’s net profit surpassed 20 billion yuan for the first time; Xin Dong Lian’s net profit surged 1,151.44% year over year; and Zhongzhi Technology’s revenue and net profit both grew by more than 20% year over year… These impressive sets of scorecards reflect not only the companies’ own strength, but also the strong momentum of Henan accelerating its integration into and service of the nationwide unified market.

Breaking down barriers, thawing hardened blockages, and addressing pain points— in recent years, our province has advanced in tandem in ten key areas, including market access, enterprise relocation, logistics cost reduction, and social security convenience, to clear obstacles for business development. In turn, enterprises respond to the policy dividend with impressive annual report data, also proving that they are among the most active forces integrating into and serving the nationwide unified market.

Actively “going out” to break through barriers and expand the market footprint. As Henan manufacturing’s “golden business card,” Yutong Bus achieved operating revenue of 41.426 billion yuan in 2025, up 11.31% year over year; net profit attributable to shareholders reached 5.554 billion yuan, up 34.94%. Behind the strong performance is Yutong’s sustained efforts to actively integrate into and serve the nationwide unified market. To date, Yutong has cumulatively exported more than 130,000 buses; its new energy buses have been sold in bulk to more than 60 countries and regions worldwide, and its domestic market footprint continues to expand.

Actively “linking up,” activating industrial momentum through the flow of factors. Luoyang Mooyong’s net profit attributable to shareholders in 2025 reached 20.339 billion yuan, breaking through the 20 billion yuan mark for the first time and setting a record of the best performance in history for the fifth consecutive year. This mining giant that has grown out of western Henan not only allocates resources globally, but also builds an efficient supply chain network within China, enabling a number of small and mid-sized supporting enterprises to develop together. In 2025, Zhongzhi Technology achieved revenue of 290 million yuan and net profit of 96.47 million yuan, with year-over-year growth of 21.43% and 21.02%, respectively. The company seized demand for emerging scenarios such as smart computing centers and offshore wind power, allowing its products to enter the national market quickly, demonstrating the flexibility and sharpness of Henan’s small and mid-sized enterprises in integrating into and serving the nationwide unified market.

Actively “optimizing” to lower costs and enhance market competitiveness. Integrating into and serving the nationwide unified market means fiercer competition, which in turn pushes companies to cut costs and improve efficiency. Muyuan Co., Ltd. reduced total breeding costs by about 2 yuan per kilogram year over year in 2025 through intelligent transformation and breeding technology innovation. Its self-developed two-by-two round breeding technology greatly reduces dependence on imported breeding pigs. Lower costs make Muyuan’s products more price-advantaged and competitive in the unified market.

By dissecting one impressive company annual report after another, a development picture of Henan enterprises “breaking barriers and going mainstream” comes into view on paper. Behind it is the reflection that market barriers are being dismantled, the results of tax cuts and fee reductions are evident, and hub advantages continue to strengthen. The numbers in the annual reports are a vivid embodiment of the release of the policy dividend.

From Luoyang Mooyong’s global mineral layout, to the deep cultivation of the wind power industry chain by Xin Dong Lian, and then to Zhongzhi Technology’s entry into new scenarios centered on smart computing centers—everything shows that Henan enterprises are integrating into and serving the nationwide unified market with an even more proactive posture.

With the spring breeze sweeping across and rivals competing at the moment, it is believed that more Henan enterprises will leverage their hard-core strength to strive forward in the wave of integrating into and serving the nationwide unified market, contributing to high-quality economic development in Henan. (Reporter: Jia Yongbiao)

责任编辑：郭栩汝

【来源：河南日报】