Fibocom Wireless Inc. released its audited results for the year ended 31 December 2025.
Revenue fell 14.67% year-on-year to 6.99 billion RMB, mainly reflecting the 2024 disposal of the overseas in-vehicle front-fit wireless communication segment. Stripping out that divested business, 2025 revenue was broadly flat (+0.24%).
Gross profit declined to 1.15 billion RMB, and gross margin narrowed to 16.39% from 19.33% a year earlier, hit by changes in product mix and higher raw-material costs.
Operating profit dropped 44.67% to 370.87 million RMB, while net profit attributable to shareholders shrank 48.05% to 347.04 million RMB. Basic earnings per share were 0.44 RMB, down from 0.88 RMB.
Segment performance • Module products: revenue 6.45 billion RMB (-18.49% YoY); decline moderated to 3.85% when excluding the disposed vehicle business, with softer demand from automotive and consumer electronics. • Solutions: revenue surged 133.36% to 475.86 million RMB thanks to growth in smart retail and consumer-electronics projects.
Regional mix Domestic sales fell 15.34% to 2.72 billion RMB, while overseas sales decreased 14.24% to 4.26 billion RMB. Excluding the divested car segment, overseas revenue edged up 3.01%.
Cost structure R&D spending was cut by 29.99% to 480.30 million RMB, representing 7.28% of revenue. Selling and administrative expenses dropped 17.27% and 16.81% respectively. Net finance costs were trimmed to 12.40 million RMB (2024: 27.57 million RMB).
Balance-sheet highlights • Total assets: 9.69 billion RMB (+28.35% YoY) driven by H-share IPO proceeds. • Cash and bank balances: 3.42 billion RMB (2024: 1.12 billion RMB). • Total borrowings: 0.86 billion RMB, down 32.24%. • Asset-liability ratio improved to 35.32% from 52.14%.
Cash flow Operating activities generated 353.31 million RMB (2024: 439.89 million RMB). Investing outflows rose to 1.97 billion RMB due to wealth-management purchases and construction of the Shenzhen Longhua intelligent-manufacturing base. Financing inflows reached 2.19 billion RMB, reflecting the H-share issuance.
Dividend The Board proposes a cash dividend of 2.34 RMB (tax inclusive) for every 10 shares, subject to shareholder approval at the 2025 AGM.
Outlook and strategy (as disclosed) Fibocom will focus on three tracks—communications, edge AI (including robotics) and intelligent vehicles—while enhancing global R&D, production and sales networks and maintaining disciplined cost control. No forward-looking financial guidance was provided.
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