Yealink Network Technology Co (300628) Q4 2025 earnings summary

Executive summary

• Achieved revenue of ¥6.03 billion in 2025, up 7.33% year-over-year; net profit was ¥2.60 billion, down 1.78% year-over-year; net margin at 43.11%.

• Cash flow from operations was ¥1.83 billion, a 26.97% decrease year-over-year.

• Maintained industry leadership in unified communications, with strong growth in meeting products and cloud office terminals.

• Continued high R&D investment, totaling ¥529.95 million (8.78% of revenue).

• Board approved a cash dividend of ¥13 per 10 shares, totaling ¥1.65 billion, representing 63.32% of net profit.

Financial highlights

• Revenue: ¥6,033 million (+7.33% YoY); Net profit: ¥2,601 million (-1.78% YoY); Operating cash flow: ¥1,832 million (-26.97% YoY).

• Gross margin: 63.32%; Basic EPS: ¥2.0551; Weighted ROE: 28.38%.

• Total assets: ¥10,695 million (+9.42% YoY); Net assets: ¥9,328 million (+4.25% YoY).

• Quarterly revenue and net profit showed sequential growth, with Q4 revenue at ¥1,735 million and net profit at ¥642 million.

• Non-recurring gains mainly from entrusted investment income and government subsidies.

Outlook and guidance

• 2026 focus on AI-driven product innovation, global operational resilience, and digital transformation.

• Plans to deepen R&D in intelligent audio-video terminals and expand global supply chain flexibility.

• Anticipates continued macroeconomic and geopolitical uncertainty; aims for stable growth through risk management and market expansion.