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(March 27, 2026, Hong Kong)Deutsche Bank Tianxia Co., Ltd. ("Deutsche Bank Tianxia"or"the Company," together with its subsidiaries, collectively referred to as "the Group"; Stock Code: 2418.HK) is pleased to announce the audited results for the fiscal year ended December 31, 2025 ("the Reporting Period").
Facing a complex and volatile macroeconomic and industry environment, Deutsche Bank Tianxia has remained committed to its vision of becoming a leader in China's commercial vehicle service industry, actively promoting business transformation and upgrading. Core operations have maintained steady growth, achieving revenue of RMB 2.762 billion (RMB, hereinafter), representing a year-on-year increase of 5.1%. Gross profit stood at RMB 396 million, net profit attributable to shareholders of the listed company amounted to RMB 68.29 million, annual profit was RMB 59.65 million, and basic earnings per share reached RMB 0.03. Based on the group's 2025 operating performance and considering its overall financial position and cash flow situation, the board recommends a final dividend of RMB 0.3147 per 10 shares (including tax) for 2025.
Synergistic progress across three major divisions, continuous optimization of structure
In 2025, the group focused on providing integrated value-added services for the entire commercial vehicle industry chain, with all three business segments making positive progress. The logistics and supply chain services segment served as the income foundation, generating revenue of RMB 2.057 billion, accounting for 74.5% of the group’s total revenue. This segment provided manufacturing supply chain services for approximately 144,100 commercial vehicles and logistics services for around 56,500 commercial vehicles during the reporting period. Vehicle sales operations sold 1,719 commercial vehicles, with new energy vehicle sales increasing significantly by 241.5% year-on-year to 1,103 units, demonstrating rapid expansion capabilities in the new energy sector. Meanwhile, third-party logistics services continued to contribute, generating RMB 822 million in revenue from independent clients in 2025, further solidifying the group's market position in supply chain logistics.
The supply chain financial services segment achieved revenue of RMB 445 million, accounting for 16.1% of the group’s total revenue. Focusing on the core responsibilities of commercial vehicle 'sales-financing synergy,' the group launched nearly 100 customized financial policies throughout the year and deepened collaborative mechanisms with original equipment manufacturers, dealers, and strategic customers. During the year, through its wholly-owned subsidiary, Deutsche Bank Financial Leasing, the group issued asset securitization products totaling RMB 1.13 billion, with cumulative new placements in financial leasing and factoring businesses reaching RMB 8.533 billion, effectively empowering upstream and downstream players in the industrial chain.
The connected vehicle and data services segment performed notably, achieving revenue of RMB 260 million. Centered around the dual mainlines of 'data-driven' and 'business empowerment,' the group upgraded its product and service systems. The 'Smart Logistics' platform launched for logistics customers now serves over 100 enterprises, while the 'Digital Intelligence Marketing' platform for dealer partners serves more than 100 dealers. As of December 31, 2025, the number of heavy-duty commercial vehicles connected to the group’s connected vehicle platform was approximately 1.26 million, deepening the value of data assets. Subsidiary Tianxingjian Connected Vehicles, recognized for its technical capabilities, was awarded the title of Shaanxi Province's specialized and innovative 'Little Giant' enterprise and provincial-level enterprise technology center.
Innovative breakthroughs pave the way for new opportunities; multi-dimensional strategies seek growth
In terms of strategic initiatives and innovation, while consolidating core operations, the group actively pursued several breakthroughs. For the domestic commercial vehicle stock market, the innovative development of the 'DeYi TongTu' Shaanqi Official Certified Used Vehicle Business aims to build a new growth point in the vehicle ecosystem. In response to domestic market challenges and seeking new spaces, the group steadfastly advanced its overseas strategy, signing a strategic cooperation agreement with Yongqing Group, marking the entry into a new phase of practical overseas operations and realizing overseas strategy development from 0 to 1.
In terms of business model, the group is driving the supply chain operations within the logistics ecosystem to transition from 'scale expansion' to 'quality first,' with a stronger focus on high-value scenarios such as new energy. Within the financial ecosystem, efforts are being made to increase the contribution of non-auto businesses by exploring new areas like high-end equipment and logistics facilities to optimize asset portfolios. In the data ecosystem, the company is committed to deepening the application of data capabilities in new scenarios such as used car evaluation, financial risk control, and UBI insurance, tapping into the potential value of data.
Looking ahead
Looking ahead to 2026, as the opening year of the '15th Five-Year Plan,' DeYin TianXia will systematically deploy its annual work around the three development principles of 'strengthening fundamentals, addressing weaknesses, and expanding innovation.' On one hand, it will continue to solidify the competitiveness of its core businesses in logistics, finance, and data. This includes promoting the quality and efficiency upgrade of supply chain logistics and enhancing the market competitiveness and risk resolution capabilities of financial services. On the other hand, the company will focus on building a matrix of four key ecosystem brands comprising 'data,' 'finance,' 'logistics,' and 'vehicles,' while launching the significant 'DeYi TongTu' used car business. At the same time, the group will support and consolidate the overseas business model of the Shacman brand's 'whole vehicle + aftermarket' approach, aiming to evolve from a diversified service provider into an integrated digital intelligence service platform for the entire commercial vehicle industry chain. Going forward, the group will fully leverage its advantages in providing integrated digital intelligence services across the entire commercial vehicle industry chain, deepen its presence in the market, continuously innovate, and remain committed to creating greater value for customers and delivering long-term stable returns to shareholders.
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About DeYin TianXia Co., Ltd.
DeYin TianXia Co., Ltd. was listed on the Main Board of the Hong Kong Stock Exchange on July 15, 2022, and is a major participant in China’s commercial vehicle service industry, offering a variety of value-added services to participants across the entire commercial vehicle industry chain. The company has built three main business segments: logistics and supply chain services, supply chain financial services, and connected vehicle and data services, forming comprehensive coverage of logistics, capital flow, and information flow across the commercial vehicle industry chain. This allows for full coverage of key participants in the commercial vehicle industry chain, including parts suppliers, commercial vehicle manufacturers, commercial vehicle dealers, individual vehicle owners, logistics fleets and enterprises, freight companies, government regulatory agencies, and more. It greatly meets customer needs for commercial vehicle services during operations.
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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