SHENZHEN TRANSSION (688036) Q4 2025 earnings summary

Executive summary

• Revenue for 2025 was RMB 6,562,347,890, down 4.50% year-over-year.

• Net profit attributable to shareholders was RMB 2,584,151,600, a 53.43% decrease year-over-year.

• Operating profit dropped 51.25% year-over-year to RMB 3,204,428,400.

• Declines attributed to increased market competition, higher supply chain costs, and greater R&D and marketing expenses.

Financial highlights

• Operating profit fell 51.25% year-over-year; total profit decreased 52.00%.

• Net profit excluding non-recurring items was RMB 1,968,129,500, down 56.66% year-over-year.

• Basic EPS was RMB 2.26, a 53.88% decrease year-over-year.

• Total assets at year-end were RMB 4,436,307,210, down 1.55% from the start of the year.

• Shareholders’ equity rose 1.08% to RMB 2,044,926,500.

Outlook and guidance

• Increased R&D and marketing investments aimed at enhancing product competitiveness and user experience.

• Ongoing market competition and supply chain cost pressures expected to continue impacting margins.