Changhong Jiahua Holdings Ltd. (CHANGHONG JH) reported solid top- and bottom-line growth for the year ended 31 December 2025.

Revenue and Margins • Group revenue rose 9.60 % year-on-year to HK$43.83 billion, driven by broad-based gains across all operating segments. • Gross profit increased 1.18 % to HK$1.40 billion; gross margin slipped 0.27 percentage point to 3.19 % amid intense price competition. • Net profit attributable to shareholders advanced 5.69 % to HK$400.86 million. Basic EPS improved to 15.59 HK cents from 14.75 HK cents.

Segment Performance • ICT Consumer Products: revenue HK$18.82 billion (+5.37 %); segment profit HK$280.61 million (-2.85 %). • ICT Corporate Products: revenue HK$16.10 billion (+13.68 %); segment profit HK$424.33 million (-10.28 %). • Others (smartphones, own-brand products, services): revenue HK$8.90 billion (+11.85 %); segment profit HK$104.39 million (+17.07 %).

Cost and Expense Dynamics • Distribution and selling expenses grew 4.07 % to HK$518.97 million, reflecting higher e-commerce costs. • Administrative expenses fell 7.55 % to HK$186.86 million after the refund of prior-year litigation fees. • Finance costs dropped 31.67 % to HK$178.80 million on lower interest expense. • Impairment losses under the expected-credit-loss model expanded to HK$70.88 million (2024: HK$33.15 million).

Balance-Sheet Highlights • Cash and cash equivalents stood at HK$415.40 million; pledged bank deposits were HK$4.16 billion, taking total cash resources to HK$4.57 billion. • Interest-bearing borrowings declined to HK$2.41 billion (2024: HK$2.72 billion). • Net current assets improved to HK$3.22 billion, up HK$362.67 million year-on-year. • No material contingent liabilities or asset charges were reported.

Dividend The Board proposed no final dividend for 2025; a HK$0.05 per-share payout was distributed for 2024.

Corporate Developments On 22 September 2025 the company’s controlling shareholder, Hongtu Investment Co., Ltd., announced a pre-conditional proposal to privatise CHANGHONG JH via a scheme of arrangement. Progress updates were issued between October 2025 and March 2026; the process remains ongoing.

Outlook Management aims to deepen digital-intelligence service capabilities, expand ecosystem partnerships and navigate persistent geopolitical and economic uncertainties in 2026. No guidance on financial targets was provided in the announcement.