56 companies outperform expectations; industry leaders drive growth

The Securities Times Reporter Liang Qiangang

Exceeding expectations not only reflects a company’s operational strength but also serves as a barometer for macroeconomic conditions, industry trends, and policy guidance. According to Securities Times Data Treasure statistics, as of February 13 (same below), among listed companies that have announced 2025 performance forecasts, earnings reports, or annual reports, 56 companies have been explicitly rated as “exceeding expectations” in broker research reports.

Data shows that among these companies exceeding expectations, over 80% of A-share market capitalization exceeds 10 billion yuan, including 14 giants with market caps of over 100 billion yuan such as Zijin Mining, Industrial Bank, Xinyi Solar, CITIC Securities, and WuXi AppTec. These leading enterprises are rapidly growing, re-anchoring industry value, and attracting capital to accelerate towards high-quality development.

Taking Zijin Mining, a leading company in non-ferrous metals, as an example, the company expects net profit attributable to parent company for 2025 to be between 51 billion and 52 billion yuan, an increase of approximately 59% to 62% year-on-year. During the reporting period, the sales prices of mineral gold, mineral copper, and mineral silver increased year-on-year. Additionally, the company’s main mineral products saw increased output, with approximately 90 tons of mineral gold and about 1.09 million tons of mineral copper (including Camoa rights).

According to Data Treasure statistics, based on the lower limit of the profit forecast (or the announced figure if no lower limit is provided), 33 companies are expected to see net profit attributable to the parent increase by more than 50% in 2025, including some that have turned losses into profits. These include Rongchang Biotech, Jifeng Co., Latitude Global, Zhongtai Co., and Sanfu Outdoor.

Rongchang Biotech expects net profit attributable to the parent for 2025 to be about 716 million yuan, turning profitable year-on-year. During the reporting period, the company’s core products Taltzep and Vedicitumab achieved rapid growth in domestic sales revenue.

Apart from companies turning losses into profits, Huatu Shanding, Buwei Storage, Lead Intelligent, Century Huatong, and Chen Guang Biological also show high growth rates in net profit attributable to the parent.

Huatu Shanding expects net profit attributable to the parent for 2025 to be between 280 million and 420 million yuan, representing a year-on-year increase of 428.38% to 692.57%. During the reporting period, the market demand for recruitment exam training in the industry remained strong. The company implemented regional operational reforms, delivering products to local cities; simplified enrollment and conversion processes, and improved user experience and operational efficiency, further consolidating its industry-leading position.

According to Data Treasure statistics, as of the close on February 13, the 56 companies exceeding expectations have seen their stock prices increase an average of 14.75% this year, significantly outperforming the Shanghai Composite Index during the same period. Companies such as Runtu Shares, Huafeng Testing, Caibai Shares, Buwei Storage, and Fulin Transportation have led in cumulative gains.

Runtu Shares increased by 97.99%, ranking first. The company expects net profit attributable to the parent for 2025 to be between 600 million and 700 million yuan, a year-on-year increase of 181.05% to 227.89%. During the period, the company’s operating profit from active dyes and basic chemicals increased compared to the previous year, leading to an improvement in its 2025 operating performance.

In terms of capital flow, many companies exceeding expectations have seen significant increases in financing since the beginning of the year. As of the close on February 13, ten companies with performance exceeding expectations had net financing inflows of over 100 million yuan since January. Notably, Zijin Mining, Industrial Bank, CITIC Securities, and Salt Lake Potash had net financing inflows exceeding 10 billion yuan since January.