Fortior Technology (Shenzhen) Co Ltd (688279) Q4 2025 earnings summary

Executive summary

• FY2025 revenue rose 28.91% YoY to RMB773.90m; net income attributable to shareholders fell 1.54% to RMB218.94m, while adjusted net income excluding share-based payment effects increased 18.88% to RMB277.68m.

• Growth reflected broader sales across industrial, automotive electronics, home appliances and mobility applications; automotive and industrial markets gained strategic importance.

Financial highlights

• Revenue was RMB773.90m, up 28.91% YoY; operating income was RMB225.43m and profit before tax was RMB225.68m.

• Net income was RMB218.94m, down 1.54%; adjusted net income excluding share-based payment effects was RMB277.68m, up 18.88%.

• Q4 revenue was RMB216.07m; net income was RMB51.69m and net income excluding non-recurring items was RMB41.56m.

• Operating cash flow increased 23.56% to RMB228.25m; investing cash flow was negative RMB2.48bn, mainly reflecting purchases of cash-management products funded in part by H-share proceeds.

Outlook and guidance

• 2026 priorities include scaling automotive-grade chips in higher-value vehicle applications, commercializing FU75XX products in robotics, and sustaining growth in industrial control and servo systems.

• Planned investment priorities include automotive and industrial chip upgrades, robotics, sensors, integrated drive-control solutions and overseas sales and technical-service networks.