Wuxin Technology's net revenue is projected to grow by 44% in 2025

Shanghai Securities News China Securities Journal News (Reporter Li Lingxi) March 13th, Foggy Chip Technology, a U.S. listed company, announced its unaudited financial results for Q4 2025 and the full year.
The financial report shows that for the full year 2025, Foggy Chip Technology’s net revenue was 3.9589 billion yuan, a year-on-year increase of 44.0%; under non-U.S. GAAP, adjusted net profit was 1.1623 billion yuan, a year-on-year increase of 23.5%.

In Q4 2025, Foggy Chip Technology’s net revenue was 1.1413 billion yuan, a year-on-year increase of 40.3%; under non-U.S. GAAP, adjusted net profit for the quarter was 323 million yuan, a year-on-year increase of 27.6%. International business has become the main growth driver for Foggy Chip Technology, with the company’s international market revenue accounting for 76.5% in Q4 2025.

Founder, Chairman, and CEO Wang Ying stated that over the past year, the company has continued to promote its globalization strategy, with international business maintaining rapid growth, becoming the core driver of the company’s overall growth. Meanwhile, the company’s Mainland China business has seen a mild recovery. At the operational level, the company has continuously improved its responsiveness to consumer demands in different global markets through product innovation, supply chain coordination, and channel system optimization, while further strengthening collaboration with partners. Looking ahead to 2026, Foggy Chip Technology will focus on multi-dimensional growth, deepen its global layout, actively seize development opportunities in different markets, continuously provide high-quality leading products for adult consumers, and promote industry standardization and sustainable development.

Foggy Chip Technology CFO Lu Chao said that the company has returned more than $500 million to shareholders, demonstrating its commitment to prudent capital management. In the future, Foggy Chip Technology will fully leverage the efficiency of global market network integration to promote sustainable profitable growth, continue to innovate, and create excellent long-term returns.

In 2025, the company assisted law enforcement agencies in cracking down on various administrative and criminal cases related to counterfeiting and selling fake products, totaling 489 cases, seizing over 1.5 million counterfeit Yuetke brand e-liquid cartridges, over 200k disposable products and vaporizers, with involved amounts exceeding 70 million yuan.