29 April 2026 | 1:32PM CST Equity Research United Imaging (688271.SS): Earnings review: FY25 NP beat; Strong overseas growth; Buy FY25 & 1Q26 results: United Imaging released its FY25 results on Apr 28, 2026. Its revenue (Rmb13,800mn, +34% yoy) was in line with GSe (Rmb13,821mn). With lower-than-expected selling expense ratio as well as R&D expense ratio, the company's EBIT margin (12.2%) was higher than GSe (9.2%), which led to a net profit beat (Rmb1,869mn, +48% yoy, vs. GSe Rmb1,721mn). The company also ...