Shenzhen VMAX New Energy (SH:688612) 智通财经网·2026-02-09 08:57Core Viewpoint - Weimars (688612.SH) reported a slight decline in total revenue for 2025, while net profit saw significant growth, indicating a resilient performance amidst market challenges [1] Financial Performance - Total revenue for 2025 reached 6.342 billion yuan, a year-on-year decrease of 0.48% [1] - Net profit attributable to shareholders was 557 million yuan, reflecting a year-on-year increase of 39.22% [1] - Operating profit, net profit attributable to shareholders, net profit excluding non-recurring gains and losses, and basic earnings per share all grew by over 30% compared to the previous year [1] Market and Product Insights - The growth in net profit is attributed to the steady increase in domestic electric vehicle sales and penetration rates, which positively impacted the shipment volume and revenue of the company's onboard power products [1] - The company has maintained lean production management and increased R&D investment driven by market demand, leading to an improved product shipment structure and a higher proportion of high-value-added products sold [1]