Veson Holdings announced audited results for the year ended 31 December 2025, reporting a swing back to profitability.

Turnover slipped 2.2 % year-on-year to RMB 5.23 billion, yet gross profit rose 4.3 % to RMB 395.30 million as cost controls improved margins. Profit attributable to shareholders reached RMB 21.54 million, reversing the prior year’s RMB 11.98 million loss. Group profit totalled RMB 15.82 million versus a RMB 9.94 million loss in 2024.

ODM operations remained the core revenue driver, contributing 94.4 % of turnover with RMB 4.93 billion. The bare battery cell segment delivered RMB 96.48 million, while other income, mainly rental and raw material sales, added RMB 196.46 million.

Cash and cash equivalents fell 43.6 % to RMB 187.82 million, and net current assets improved to RMB 774.16 million from RMB 525.85 million. Interest-bearing borrowings decreased to RMB 1.14 billion, trimming the debt-to-equity ratio to 102.8 % from 112.4 % a year earlier.

The Board recommended no final dividend, citing the need to preserve cash for working-capital requirements. Veson’s annual general meeting is scheduled for 2 June 2026 in Fuzhou, with the share register closed from 28 May to 2 June 2026 for determining shareholder eligibility.