SHENZHEN TRANSSION (688036) Q4 2025 earnings summary

Executive summary

• Achieved revenue of RMB 65.59 billion in 2025, down 4.55% year-over-year; net profit attributable to shareholders was RMB 2.58 billion, down 53.49% year-over-year.

• Smartphone shipments reached 169 million units, maintaining leading market share in Africa and South Asia.

• Maintained top-three global mobile phone brand ranking and sixth in global smartphone market share.

• Board approved a cash dividend of RMB 9.00 per 10 shares, with total cash dividends for the year at RMB 1.95 billion, representing 75.5% of net profit.

Financial highlights

• Revenue: RMB 65.59 billion, down 4.55% year-over-year.

• Net profit attributable to shareholders: RMB 2.58 billion, down 53.49% year-over-year.

• Operating profit: RMB 3.18 billion, down 51.61% year-over-year.

• Basic EPS: RMB 2.26, down 53.88% year-over-year.

• Gross margin: 19.28%, down 2.06 percentage points year-over-year.

• Net cash from operating activities: RMB 1.42 billion, down 50.13% year-over-year.

Outlook and guidance

• Will continue to focus on consolidating African market leadership and expanding in emerging markets.

• Plans to deepen AI integration in products, enhance R&D, and accelerate digital transformation of channels and supply chain.

• Aims for sustainable growth through multi-brand strategy, AIoT ecosystem, and digital services.