Shangsheng Electronics: Net profit in 2025 was 184 million yuan, a year-on-year decrease of 21.71%.

Shangsheng Electronics released its performance report, achieving a total operating income of 3.023 billion yuan in 2025, an increase of 8.89% year-on-year; a net profit of 184 million yuan, a decrease of 21.71% year-on-year. The main reasons are: the subsidiary Shangsheng Electronics Co., Ltd. is still in the early stages of operation, and its income cannot fully cover the depreciation of equipment and plant, as well as the production cost, resulting in losses; intensified price competition in the downstream automotive market, with some product prices lowered, leading to a decrease in gross profit margin; reduction in government subsidies for this period.