Shanghai (Gasgoo)- On August 25, Joyson Electronics released its 2025 half-year (H1 2025) earnings report, posting revenue of around 30.347 billion yuan, up 12.07% year on year.
In this period, the company's operating profit reached 1.25 billion yuan in the period, while net profit attributable to shareholders rose 11.1% from a year ago to 708 million yuan. Profitability strengthened steadily, with gross margin improving by 2.6 percentage points to 18.2%.
The company attributed its steady growth to earlier cost-cutting initiatives, an accurate read on industry trends such as vehicle intelligence, electrification and robotics, as well as expanded partnerships with global automakers and continued efforts to strengthen its ecosystem.
Both core business segments—automotive safety and automotive electronics—delivered higher revenue and margins. The automotive safety unit generated 18.978 billion yuan in H1 sales, up 1.1% over the previous year, with gross margin rising two percentage points to 15.9%. Automotive electronics revenue grew 2.8% year over year to 8.356 billion yuan, while gross margin climbed to 21.5%, a gain of 2.2 percentage points.
Joyson Electronics noted that profits benefited from efficiency drives launched in recent years, particularly in reducing raw material costs and improving global operational efficiency.
In overseas markets, the company has been integrating operations by introducing Chinese suppliers and negotiating better terms with existing ones to drive down procurement costs. Its global efficiency team has also been reallocating production from higher-cost regions to more cost-effective locations. For example, it expanded its airbag fabric and cushion factory in the Philippines during the reporting period to leverage Southeast Asia's cost and scale advantages.
These measures boosted profitability both at home and abroad. Overseas, the company's gross margin improved by three percentage points year on year to 17.8% in H1 2025.
Alongside revenue gains, Joyson Electronics also booked a healthy pipeline of new business. In the first half of the year, it secured projects worth 31.2 billion yuan over their full lifecycle, with automotive safety business accounting for 17.4 billion yuan and automotive electronics 13.8 billion yuan. Orders linked to new energy vehicles exceeded 20.6 billion yuan, representing more than two-thirds of the total. By the end of July, the backlog in safety contracts alone stood at 25.5 billion yuan.
According to the company, leading Chinese legacy automakers and new energy vehicle startups are becoming the main engines of order growth, not only through current bestsellers but also by anchoring next-generation platform projects. At the same time, the overseas expansion of Chinese automakers and global players' shift toward intelligent electrification have created new opportunities for the company's globalized business model.
Innovation has been central to both revenue and order growth. The company has consistently invested heavily in smart cockpits, autonomous driving, connectivity, cloud-vehicle collaboration, and high-voltage fast charging. R&D spending reached nearly 2.488 billion yuan in H1 2025, supporting further breakthroughs.
Notably, the rise of embodied intelligence has spurred faster investment across the automotive value chain, with Joyson Electronics again positioning itself at the forefront.
Earlier this year, the company announced a strategic extension into the robotics industry, leveraging its automotive R&D and advanced manufacturing base. Under a new "automotive + robotics Tier 1" positioning, Joyson Electronics is making a comprehensive push into humanoid robots as it looks to build a second growth curve.
During the reporting period, Joyson Electronics formally entered the humanoid robotics space by establishing a wholly owned subsidiary, Ningbo Joyson Embodied Intelligence Robotics, in April. The unit is driving product development and commercialization, offering both hardware and software solutions such as "cerebrum and epencephalon brain" controllers, energy management modules, advanced structural materials, as well as integrated head and torso assemblies.
The company's robotics clients include leading global players as well as domestic leaders such as AgiBot and GALBOT. In H1 2025, Joyson Electronics signed a strategic cooperation agreement with AgiBot to jointly develop core technologies, customized solutions, and testing platforms for humanoid robots.
