传音控股2025年净利润下滑53% 存储芯片涨价成“拦路虎”

Core Viewpoint - Transsion Holdings, known as the "King of African Mobile Phones," reported a significant decline in its financial performance for the year 2025, with a slight decrease in revenue and a drastic 53.43% drop in net profit attributable to shareholders [1][4]. Financial Performance - In 2025, Transsion Holdings achieved total operating revenue of 65.623 billion yuan, reflecting a minor decline of 4.50% year-on-year [4]. - Operating profit fell to 3.204 billion yuan, a sharp decrease of 51.25% compared to the previous year [4]. - The net profit attributable to shareholders was 2.584 billion yuan, marking a substantial year-on-year decline of 53.43% [4]. - The net profit after excluding non-recurring gains and losses was 1.968 billion yuan, down 56.66% year-on-year [4]. - Basic earnings per share also declined, indicating a temporary reduction in shareholder returns [4]. Reasons for Performance Decline - The company attributed its poor performance to both internal and external pressures, primarily due to increased competition and rising supply chain costs, particularly in storage component prices [5]. - The global storage market entered an upward cycle in 2025, leading to price increases that affected the gross margins of mobile phone manufacturers, including Transsion [5]. - Despite these challenges, the company adopted an aggressive strategy by increasing investments in technology innovation and product research and development to enhance user experience and product competitiveness [5]. Financial Stability - Despite the pressure on profits, Transsion Holdings maintained a robust balance sheet, with total assets of 44.363 billion yuan at the end of 2025, a slight decrease of 1.55% from the beginning of the year [6]. - The equity attributable to shareholders increased by 1.08% to 20.449 billion yuan, indicating a solid financial foundation [6]. - The net asset value per share also saw a slight increase, reflecting the company's strong financial position to withstand economic cycles [6].