NOVOSENSE (02676) announced its results for the year ended December 31, 2025. The company reported total operating revenue of approximately 3.368 billion yuan, representing a year-on-year increase of 71.80%. The net loss attributable to owners of the company was approximately 241 million yuan, narrowing by 40.2% compared to the previous year. The basic loss per share was 1.70 yuan.

For the 2025 fiscal year, the company's operating revenue is expected to increase by 71.80% year-on-year, primarily benefiting from two key factors. Firstly, demand in the downstream automotive electronics sector demonstrated robust growth, with the company's related automotive electronics products continuing to ramp up volume. The broader energy sector showed signs of recovery, with most customers in the photovoltaic and energy storage segments returning to normal demand levels, while demand from server power supply customers grew rapidly, driven by AI applications. Secondly, the consolidation of Magntek's financial statements enriched the company's product portfolio, and its business contribution positively impacted the operating revenue growth during this period.

The improvement in the company's operating loss, total loss, net loss attributable to owners, and basic loss per share was mainly driven by simultaneous enhancements on both the revenue and expense fronts. On the revenue side, the recovery in downstream market demand, volume ramp-up of new products, and the consolidation of Magntek contributed to a significant increase in the group's shipment volume and operating revenue. On the expense side, the company continued to deepen its lean management and organizational efficiency efforts, leading to a decrease in the proportion of overall expenses relative to operating revenue, which contributed to the improvement in profitability.

The company is still finalizing the consolidated results for the 2025 fiscal year. The information contained in this announcement is a preliminary assessment by the Board of Directors based on the company's currently available unaudited consolidated management accounts for the 2025 fiscal year. It is not based on any data or information that has been reviewed or confirmed by the Board's Audit Committee, or reviewed or audited by the company's auditors.

Furthermore, the company has applied to the Hong Kong Stock Exchange for the resumption of trading of its H shares, which is scheduled for 9:00 a.m. on March 3, 2026.