Longcheer FY25 profit attributable to shareholders rises 16.8% to RMB 585 million; revenue drops 9.2% to RMB 42 billion

Reuters03-30

Longcheer FY25 profit attributable to shareholders rises 16.8% to RMB 585 million; revenue drops 9.2% to RMB 42 billion

Longcheer posted 2025 profit attributable to shareholders of RMB 585.1 million, up 16.8%.
Revenue fell 9.2% to RMB 42.1 billion, driven by a decline in smartphone sales due to product life-cycle effects and weaker replacement demand.
Gross margin widened 2.7 percentage points to 8.5% on a shift toward higher-margin projects and stabilizing raw material prices.
Smartphone shipments reached 152.0 million units, while AIoT and other products revenue climbed 41.2% to RMB 7.9 billion on rapid growth in smart eyewear.
Management forecast 2026 priorities to stabilize smartphone and tablet operations while scaling AIoT, AI PCs, and automotive electronics from project wins to repeatable, large-scale delivery.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shanghai Longcheer Technology Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260330-12079945), on March 30, 2026, and is solely responsible for the information contained therein.

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