Amlogic (Shanghai) Co (688099) Q4 2025 earnings summary

Executive summary

• Achieved record revenue of RMB 6.79 billion in 2025, up 14.63% year-over-year, with net profit attributable to shareholders of RMB 873 million, up 6.21%.

• Chip sales exceeded 174 million units, up over 31 million units year-over-year, with new products driving growth.

• Comprehensive gross margin rose to 37.97%, up 1.42 percentage points year-over-year.

• Significant R&D investment of RMB 1.55 billion, representing 22.84% of revenue.

• Board proposes a cash dividend of RMB 2 per 10 shares, totaling RMB 84 million, and share buybacks totaling RMB 79.9 million.

Financial highlights

• Revenue: RMB 6.79 billion, up 14.63% year-over-year.

• Net profit attributable to shareholders: RMB 873 million, up 6.21% year-over-year.

• Operating cash flow: -RMB 229.7 million, down from RMB 1.04 billion last year, mainly due to increased prepayments for raw materials.

• Gross margin: 37.97%, up from 36.55% last year.

• Basic EPS: RMB 2.08; diluted EPS: RMB 2.07.

• Net assets: RMB 7.35 billion at year-end, up 14.89%.

Outlook and guidance

• 2026 Q1 revenue expected to grow 10–20% year-over-year; full-year revenue expected to grow 25–45%, subject to uncertainties.

• Continued focus on R&D, new product launches, and expansion in AI, wireless, and automotive chips.