Transsion Holdings on Wednesday reported a sharp decline in its 2025 financial performance, with core profit indicators plummeting. The company’s annual revenue totaled 65.62 billion yuan ($9.47 billion), a 4.5% year-on-year decrease, while net profit attributable to the parent company fell by 53.43% to 2.58 billion yuan ($374 million). The downturn was primarily driven by increased market competition, rising supply chain costs, and higher expenses related to research and development and market expansion. The company’s stock has also taken a hit, with its market value dropping by more than 60% from its peak, as of Feb. 25. Additionally, Transsion is grappling with ongoing patent infringement lawsuits, adding further uncertainty to its future prospects. [Jiemian, in Chinese]