Revenue increased by 56.0%, net profit grew by 38.6%. Huqian Technology's strategic foresight and proactive layout in platform development to seize the full range of opportunities in the AI industry.

On March 24, global leading ODM for smart products, Huaqin Technology, released its 2025 annual report. The company achieved a total revenue of 171.44 billion yuan, a year-on-year increase of 56.0%; net profit attributable to shareholders was 4.05 billion yuan, a year-on-year increase of 38.6%; ROE reached 16.82%, an increase of 3.3 percentage points, with core indicators skyrocketing.

Using 2022 as a base year, the company’s revenue compound annual growth rate over the past three years was 41.7%, and the compound annual growth rate of net profit attributable to shareholders was 22.3%. The company has been deeply engaged in the smart hardware field for over twenty years, leveraging its “3+N+3” platform strategy to precisely capitalize on the explosive growth of AI technology and the upgrading of industrial structures.

Huaqin Technology’s “3+N+3” smart product platform strategy is supported by years of accumulated R&D design capabilities, an efficient supply chain platform, and a globally diversified smart manufacturing capability, establishing a comprehensive business ecosystem covering mature main businesses, potential tracks, and cutting-edge fields. The three core businesses (smartphones, laptops, data centers) build a solid foundation for steady growth, while the N types of general smart hardware product lines (tablets, smart wearables, AIoT, etc.) provide flexibility, and the three emerging strategic areas (automotive electronics, robotics, software) create engines for long-term growth, fully embracing the market opportunities brought by the AI industry explosion.

The mobile terminal business achieved rapid revenue growth. According to Counterpoint, Huaqin will maintain its position as the world’s leading smartphone ODM in 2025. The tablet business has ranked first in the ODM industry for several consecutive years. The smart wearable business is expected to double its revenue in 2025, becoming an important point of flexible growth.

In 2025, the company’s PC business achieved double-digit growth in both shipment volume and revenue. IDC data shows that in the first half of 2025, its global PC market share reached 10.2%, up 1.5 percentage points year-on-year, leading the industry in growth and maintaining the position as the top laptop ODM in mainland China and among the global leaders. Relying on its R&D experience in the smartphone field, the company has created differentiated product labels characterized by “light, thin, cool, quiet, excellent, and durable,” laying the groundwork for AI PCs and achieving large-scale production and shipping. With the ramp-up of major North American customer projects, this business is likely to maintain rapid growth.

The data center business is the most impressive core engine for the company’s performance growth in 2025, with annual revenue exceeding 40 billion yuan, nearly doubling. Since entering the server field in 2017, the company has built a full-stack product matrix including AI servers, general servers, switches, and super nodes, deeply binding with leading domestic CSP clients. Among them, AI server revenue accounts for over 70%, and switch business revenue exceeds 2.5 billion yuan. The company has created an open computing power matrix covering NVIDIA, AMD, Intel, and domestic computing power platforms, leading the design of the ETH-X super node architecture. As domestic GPU servers accelerate production, the company is expected to continue enjoying the computing power dividend.

In 2025, the automotive electronics business will exceed a shipment scale of 1 billion yuan, with losses continually narrowing. The company has established full-stack automotive-grade R&D capabilities covering hardware, software, HMI, and testing, securing project designations from traditional OEMs, new forces, and overseas automobile manufacturers in core product lines such as smart cockpits, intelligent assisted driving, and vehicle body domains. As automotive intelligence accelerates, this business will become an important new growth engine for the company.

The robotics business is a long-term strategic layout for the company extending from smart hardware to intelligent entities. The company integrates core advantages such as large hardware platforms, computing power support, and mass manufacturing from the consumer electronics and data center fields, building full-chain R&D capabilities from core components to complete systems. In 2025, household cleaning robots will expand to new domestic and foreign customers, and data collection robots will achieve mass production and shipping; the first-generation self-developed bipedal humanoid robot has completed debugging. The company has testing advantages in manufacturing scenarios, which can accelerate technological iteration and commercial closure, aiming to create a leading full-stack robotic solution in the 3C manufacturing field.

Relying on over twenty years of software technology accumulation, the company has built a software and hardware integrated technical foundation, creating the HiOS intelligent ecosystem, achieving comprehensive software capability coverage across all ends, domains, and scenarios. As AI accelerates its penetration in the terminal field, the value proportion of software in overall solutions continues to rise. As an important part of the platform ecosystem, the software business’s revenue and profit contribution is expected to continue to increase.

In the context of AI reshaping the electronic information industry, platform-type enterprises can precisely capture development opportunities across multiple tracks through business synergy, technology reuse, global layout, and end-to-end service advantages. Huaqin Technology has built a solid competitive barrier and long-term growth momentum through its “3+N+3” platform strategy. As AI technology continues to iterate, demand for computing power continues to be released, and the robotics industry accelerates commercialization, the company is expected to continue leading in the full-domain opportunities and move toward a new stage of higher-quality development. (Jiang Guan)