SONAVOX(SH:688533) Ju Chao Zi Xun·2026-02-27 02:53Core Insights - The company reported a total operating revenue of 3,022.65 million yuan for 2025, representing an 8.89% increase year-on-year, but the net profit attributable to shareholders decreased by 21.71% [2][3] - The basic earnings per share fell to 1.13 yuan, a decline of 23.13% compared to the previous year [2] Financial Performance - Total operating revenue for 2025 was 3,022.65 million yuan, up 8.89% from the previous year [2] - Net profit attributable to the parent company was 184.12 million yuan, down 21.71% year-on-year [2][3] - The net profit excluding non-recurring gains and losses was 165.03 million yuan, a decrease of 12.63% compared to the previous year [2] - The weighted average return on net assets was 10.23%, down 6.4 percentage points from 16.63% in the previous year [2] Reasons for Profit Decline - The subsidiary, Aosheng Electronics (Hefei) Co., Ltd., is still in the early stages of operation, leading to losses as revenue does not fully cover depreciation and manufacturing costs [3] - Increased competition in the downstream automotive market has led to price reductions for some products, resulting in a decline in gross margin [3] - There was a reduction in government subsidies compared to the previous year [3]