Haosheng Electronics: Net profit of 71.2986 million yuan in 2025, down 58.43% year-on-year

Haosheng Electronics Releases Earnings Briefing: In 2025, the company achieved operating revenue of 896 million yuan, a year-on-year increase of 12.07%; net profit of 71.3 million yuan, a decrease of 58.43% year-on-year. In 2025, the consumer electronics industry continued its recovery trend. The company focused on its core micro-electromechanical business, deepened cooperation with strategic customers, and experienced good growth in its main operations, significantly boosting overall performance. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses increased compared to the same period last year, mainly due to: (1) benefiting from the sustained improvement in the consumer electronics industry within the year, which drove steady growth in customer demand. The company seized market opportunities, optimized product structure, actively promoted high-value-added new products, and pushed up product prices and gross profit margins; (2) capacity expansion and cost optimization resonated, amplifying profit margins. As the fundraising projects advanced in an orderly manner, the company’s capacity steadily increased, automation rates of production lines improved, and processes continued to iterate, leading to a decrease in unit labor costs. Meanwhile, the company’s bargaining power for raw materials strengthened, further amplifying the gross margin elasticity brought by price increases, thereby improving overall profitability, which resulted in the net profit after non-recurring gains and losses for this period rising compared to the same period last year.