TRANSSION(SH:688036) Ge Long Hui A P P·2026-02-25 09:00Core Viewpoint - Transsion Holdings (688036.SH) reported a decline in key financial metrics for the fiscal year 2025, indicating challenges in revenue generation and profitability due to market competition and rising supply chain costs [1] Financial Performance - The total operating revenue for 2025 was 65.623 billion yuan, a decrease of 4.50% compared to the previous year [1] - Operating profit stood at 3.204 billion yuan, reflecting a significant decline of 51.25% year-on-year [1] - Net profit attributable to shareholders was 2.584 billion yuan, down 53.43% from the prior year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 1.968 billion yuan, a decrease of 56.66% year-on-year [1] - Basic earnings per share saw a substantial decline, mirroring the overall drop in profitability [1] Factors Affecting Performance - The decline in operating performance was primarily influenced by increased competition in the market and rising costs of components such as storage, leading to a decrease in both revenue and gross margin [1] - The company has been investing in technological innovation and increasing research and development expenditures to enhance user experience and product competitiveness, which contributed to higher R&D costs compared to the previous year [1] - Additionally, the company intensified its market expansion and brand promotion efforts, resulting in increased selling expenses relative to the prior year [1]