Ningbo Joyson Electronic Corp. (00699): Double revenue and profit growth in 2025, global new orders of 97 billion yuan set a new historical high.

On March 30, Ningbo Joyson Electronic Corp. (00699/600699.SH) released its performance for 2025, with several core indicators showing steady growth and demonstrating comprehensive operational resilience. During the reporting period, the company achieved operating revenue of approximately 61.2 billion yuan, a year-on-year increase of about 9.5%; net profit attributable to the parent company was approximately 1.34 billion yuan, a significant increase of 39% year-on-year; global new orders amounted to approximately 97 billion yuan, reaching a historical high, and made significant breakthroughs in high-end intelligent driving. In 2025, Ningbo Joyson Electronic Corp. will accelerate the research and development and high-end manufacturing capabilities of automotive core components to expand into the emerging intelligent body industry chain, creating a second growth curve. Profitability continues to improve, and operational quality reaches a new level. In 2025, benefiting from measures such as global business integration efficiency enhancement, capacity layout, and supply chain management optimization, Ningbo Joyson Electronic Corp. achieved significant growth in net profit attributable to the parent company and non-recurring net profit attributable to the parent company, reaching 1.34 billion yuan and 1.5 billion yuan respectively; overall gross profit margin increased to approximately 18.3%, a year-on-year increase of 2.1 percentage points, steadily climbing for five consecutive years; the company's operating net cash flow increased to approximately 5.4 billion yuan, maintaining a high level, laying a solid foundation for deep cultivation of the automotive business and proactive business layout. In addition, Ningbo Joyson Electronic Corp. plans to distribute a cash dividend of 1.8 yuan (including tax) per 10 shares to all shareholders. The advantages of global layout are prominent, and new orders reach a new high. As a pioneer in going global, Ningbo Joyson Electronic Corp., after more than a decade of global layout and integration, has completed the construction of the "One Joyson" platform, not only realizing the transformation and upgrading of its own industry, greatly enhancing the ability to resist regional risks, but also helping Chinese independent automobile brands go global, seizing new opportunities for intelligent enhancement of overseas markets. Ningbo Joyson Electronic Corp. has long-term deep cooperation with global mainstream automotive companies and domestic leading new energy automotive companies, achieving approximately 97 billion yuan in high-quality orders for the whole year. Among them, the company's automotive electronics business received approximately 46.1 billion yuan in new orders, achieving rapid growth, and continued to make new breakthroughs in emerging business layouts such as central computing units and intelligent auxiliary driving domain controllers; the automotive safety business received approximately 50.9 billion yuan in new orders, making significant breakthroughs in new customer structures and business territory expansion. Anchoring as the preferred provider of Chinese intelligent driving solutions to global customers. In the field of intelligent driving, the company adheres to the technical route of "multi-chip platform + ecological cooperation," expanding cooperation with smart driving algorithm companies such as Momenta and SiNian Smart Driving, continuously iterating advanced driving assistance functions such as L3/L4, and cooperating with chip manufacturers such as Qualcomm, NVIDIA, Horizon Robotics, and Nanfang Black Sesame Group, strategically investing in new chip companies, forming a full-stack intelligent driving solution from entry-level to high-end, and extending to unmanned driving on this basis. With the dual advantages of Chinese efficiency and global layout, as the smart driving projects acquired earlier begin mass production from 2026, the company's smart driving business is expected to see a surge in growth. Accelerating the expansion into the emerging intelligent body industry chain, creating a second growth curve. In 2025, Ningbo Joyson Electronic Corp. is accelerating its expansion from the automotive industry to the emerging intelligent body industry chain, promoting performance growth through the advancement of emerging technologies. The company continues to maintain a high level of research and development investment, with total research and development investment exceeding 4.418 billion yuan in 2025. In the field of intelligent connectivity, the company has proactively laid out new technologies such as intelligent network systems and V2X light modules, and accelerated the implementation of new generation technologies through a combination of "business cooperation + strategic investment." Ningbo Joyson Electronic Corp. has jointly launched a vehicle-mounted optical communication solution with Zhongji Innolight to meet the high-speed, stable, and reliable communication needs of advanced autonomous driving and multi-screen cabin. In addition, the company has established a new optoelectronics company and strategically invested in NuPhotonics to establish North American production capacity, promoting the global layout and application implementation of the optical module business, and expanding new business opportunities globally. In the field of new energy, while promoting the electrification of automobiles, Ningbo Joyson Electronic Corp. actively expands the boundaries of new energy management business, especially in the server power supply field with similarities in structure to vehicular power systems, technological convergence, and basic reuse of core topologies and devices, while also actively exploring power applications in the field of intelligent computing centers. Ningbo Joyson Electronic Corp. stated that the company will always bear in mind its original aspiration, closely follow national strategic deployment, actively seize dual opportunities of policy and industry, root in the main business of high-end smart manufacturing, deeply cultivate core tracks such as intelligent automobiles and emerging intelligent bodies, promote future performance growth, enhance enterprise value, and contribute to the realization of modernization.