# Share Pledges

Manufacturing Success, Financial Folly: The Paradox of Guangdong Eastone’s Industrial Boom

Guangdong Eastone Century saw its 2025 net profits drop 26.54% to 275 million RMB, despite record revenue and a doubling of core manufacturing profits. The decline was driven by over 600 million RMB in losses from stock market investments, paired with rising debt levels and high shareholder equity pledges.