Joyson Electronics: Dual Growth in Revenue and Profit in 2025, Global New Orders Reach RMB 97 Billion, Setting a New Record High

On March 30, Joyson Electronics, a global leading provider of intelligent automotive technology solutions, released its 2025 annual performance results, showing steady growth in multiple core indicators and fully demonstrating operational resilience. During the reporting period, the company achieved operating revenue of approximately RMB 61.2 billion, an increase of about 9.5% year-on-year; net profit attributable to shareholders reached approximately RMB 1.34 billion, growing significantly by 39% year-on-year; the total amount of new global orders was approximately RMB 97 billion, setting another record high, with remarkable breakthroughs made in advanced autonomous driving technologies. In 2025, Joyson Electronics will also accelerate the expansion of its R&D and high-end manufacturing capabilities for core automotive components into emerging intelligent industry chains, creating a second growth curve.

Profitability continues to improve, taking operational quality to a new level.In 2025, thanks to measures such as global business integration for efficiency, capacity layout optimization, and supply chain management improvements, both the net profit attributable to shareholders and non-GAAP net profit attributable to shareholders of Joyson Electronics achieved significant growth, reaching RMB 1.34 billion and RMB 1.5 billion respectively; overall gross margin increased to about 18.3%, up by 2.1 percentage points year-on-year, steadily climbing for five consecutive years; the company's operating net cash flow grew to approximately RMB 5.4 billion, maintaining a high level, laying a solid foundation for deepening automotive business and forward-looking business layout. Additionally, Joyson Electronics plans to distribute a cash dividend of RMB 1.8 per 10 shares (including tax) to all shareholders.

The advantages of global layout have become prominent, with new orders reaching a new high.As a pioneer in overseas expansion, Joyson Electronics has, after more than a decade of refining and integrating its global layout, completed the creation of the 'One Joyson' platform. This not only enables the transformation and upgrading of its own industry and greatly enhances its ability to withstand regional risks, but also assists Chinese auto brands in going global, seizing new opportunities for intelligent upgrades in overseas markets.

Joyson Electronics maintains long-term, deep cooperation with global mainstream automakers and leading domestic new energy vehicle manufacturers, securing approximately 97 billion yuan worth of high-quality orders throughout the year. Among these, the company's automotive electronics business garnered about 46.1 billion yuan in new orders, achieving rapid growth, and has made breakthroughs from zero to one in emerging businesses such as central computing units and intelligent assisted driving domain controllers. The automotive safety business secured approximately 50.9 billion yuan in new orders, making significant progress in expanding its customer base and business territory.

Targeting becoming the preferred Chinese smart driving solutions provider for global customers.In the intelligent driving sector, the company adheres to the technical route of 'multi-chip platform + ecosystem collaboration,' expanding cooperation with intelligent driving algorithm companies like Momenta and Sinian ZhiJia, continuously iterating L3/L4 advanced assisted driving functions. It collaborates with chip manufacturers such as Qualcomm, NVIDIA, Horizon, and Black Sesame, strategically investing in New Chip Voyage to form a full-stack intelligent driving solution from entry-level to high-end, extending towards unmanned driving. With the dual advantages of Chinese efficiency and global layout, as previously acquired intelligent driving projects begin mass production from 2026, the company's intelligent driving business is expected to experience significant growth.

Accelerating expansion into the emerging intelligent agent industry chain to create a second growth curve.In 2025, Joyson Electronics will accelerate its expansion from automobiles to the emerging intelligent agent industry chain, promoting intelligent upgrades through new technologies and boosting company performance. The company will continue to maintain high R&D investment, exceeding 4.418 billion yuan in R&D expenditures for the whole of 2025.

In the field of intelligent connectivity, the company has proactively laid out new networking technologies such as intelligent network systems and in-vehicle communication optical modules, accelerating the implementation of next-generation technologies through a combination of 'business cooperation + strategic investment.' Joyson Electronics has collaborated with Zhongji Xuchuang to launch an in-vehicle optical communication solution to meet the high-speed, stable, and reliable communication needs of advanced autonomous driving and multi-screen cockpits. Additionally, the company has established a new optoelectronics subsidiary and made a strategic investment in Xinfeiguang to build North American production capacity, advancing the global layout and application of its optical module business and exploring new business opportunities globally.

In the new energy sector, while promoting vehicle electrification, Joyson Electronics actively expands the boundaries of its new energy management business, especially in the server power supply sector, which shares similar structures, converging technical principles, and largely reusable core topologies and components with in-vehicle power systems. It is also actively exploring power applications in the intelligent computing center field.

Joyson Electronics stated that the company will always remember its original aspiration, closely align with national strategic deployments, actively seize policy and industry opportunities, focus on high-end intelligent manufacturing, delve deeply into core tracks such as smart vehicles and emerging intelligent agents, promote future company performance growth, enhance corporate value, and contribute Joyson's strength toward the basic realization of modernization.

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