Shining 3D 2025 Annual Report: Revenue of 1.575 Billion Yuan, Net Profit Attributable to Shareholders of the Parent Company Increases by 100% Year-on-Year

Image Source: Shining 3D 2025 Annual Review Report

Revenue of 1.575 Billion Yuan / Net Profit Attributable to Shareholders of the Parent Company Up 100% / 3D Scanner Drives Growth

DentalGoodNews | On March 18, 2026, Shining 3D Technology Co., Ltd. (hereinafter referred to as "Shining 3D") released its 2025 Annual Review Report. The report shows that the company achieved operating revenue of 1.575 billion yuan in 2025, a year-on-year increase of 31.03%; the net profit attributable to shareholders of the parent company was 425 million yuan, an increase of approximately 100% compared to 212 million yuan in 2024【①P11, Consolidated Income Statement】.

Regarding expenses and cash flow, in 2025, the company's R&D expenses were 322 million yuan, a year-on-year decrease of 5.25%; administrative expenses were 87 million yuan, a year-on-year decrease of 13.18%; financial expenses were -15 million yuan, a year-on-year increase of 145.8%. Among financial expenses, interest expenses were 1 million yuan, and interest income was 2 million yuan. Overall, the company still maintained certain financing cost pressure, but it has improved, mainly due to increased exchange gains from exchange rate fluctuations【①P19】.

Image Source: Shining 3D 2025 Annual Review Report

Regarding cash and cash equivalents at the end of the period, the company's cash and cash equivalents balance was 218 million yuan, a decrease from 276 million yuan at the end of the previous year; as of the end of 2025, the company's total assets were 2.568 billion yuan, and trading financial assets increased to 871 million yuan, mainly due to an increase in structured deposits【①P9】. In addition, the company's sales expenses were 357 million yuan, mainly used for employee compensation and advertising, with R&D investment accounting for about 20% of revenue【①P11】.

The company pointed out in the report that the revenue growth was mainly driven by the rapid sales growth of 3D scanners【①P19】. According to previous reports by DGN, the company recently launched a lightweight Intraoral Scanning product weighing only 106 grams at the South China International Stomatological Exhibition【②Historical News】.

In terms of global expansion, Shining 3D established and invested in multiple overseas subsidiaries in 2025. These include 3DRAYNEX SDN.BHD., established in Malaysia, and SHINING 3D PTE. LTD., established in Singapore【①P8】.

Currently, Shining 3D is advancing its Initial Public Offering process on the Beijing Stock Exchange (BSE). According to previous reports by DGN, the company plans to raise 550 million yuan, of which approximately 29% will be invested in the "High-Precision Digital Implantology Technology R&D Project for Dentistry," aiming to deepen the layout of digital dental implant solutions【③Historical News】.

"Shining 3D 2025 Annual Review Report-2026-03-18", Shining 3D, March 18, 2026.

South China Exhibition Observation | Shining 3D Launches 106g Lightweight Intraoral Scanner, March 6, 2026.

Shining 3D Plans BSE IPO to Raise 550 Million Yuan, 29% to be Invested in Dental Digital Implant Project, December 2, 2025.