--- title: "COMBA (2342) announced that it turned a profit last year, with a 26.5% growth in its network systems business" type: "News" locale: "en" url: "https://longbridge.com/en/news/280409734.md" description: "COMBA announced its performance for the year ending December 31, 2025, successfully turning a loss into a profit, with a profit attributable to the owners of the parent company of HKD 35.02 million, a significant improvement from last year's loss of HKD 564 million. The gross profit margin increased by 2.8% to 28.7%. The company's revenue grew by 0.9% year-on-year to HKD 4.571 billion, with revenue from network systems business increasing by 26.5% to HKD 1.107 billion, significantly contributed by overseas markets. Operating expenses decreased by 25.7%, and the financial leverage ratio was optimized to 10.1%" datetime: "2026-03-25T04:09:31.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280409734.md) - [en](https://longbridge.com/en/news/280409734.md) - [zh-HK](https://longbridge.com/zh-HK/news/280409734.md) --- # COMBA (2342) announced that it turned a profit last year, with a 26.5% growth in its network systems business ## Turned Loss into Profit, Gross Margin Increased by 2.8% Communication and information solutions provider COMBA (2342.HK) announced its audited results for the year ending December 31, 2025. The company recorded a profit attributable to equity holders of HKD 35.02 million, successfully turning a loss of HKD 564 million from the previous year into a profit. Driven by improved product pricing power and effective cost control measures, the group's gross margin rose to 28.7%, an increase of 2.8 percentage points year-on-year. ## Steady Revenue Growth, Network Systems Revenue Soars In 2025, the company's revenue increased by 0.9% year-on-year to HKD 4.571 billion. By business segment, the network systems (including wireless optimization and wireless access) performed exceptionally well, with revenue soaring by 26.5% year-on-year to HKD 1.107 billion, with overseas markets contributing to a revenue growth of 31.7%. Revenue from base station antennas and subsystems recorded HKD 1.770 billion, while service revenue was HKD 938 million, accounting for 38.7% and 20.6% of total revenue, respectively. Throughout the year, operational expenses significantly decreased by 25.7% year-on-year due to efficiency optimization; the group's pre-tax profit reached HKD 109 million, and the financial leverage ratio further improved to 10.1%. Additionally, the company completed a placement financing during the year, raising a net amount of approximately HKD 372 million. ## Synergy Between Domestic and International Markets, Outstanding Performance in International Segment In terms of customer segments, in 2025, COMBA's revenue from China's three major operators and China Tower grew by 3.7% to HKD 1.777 billion, maintaining a dominant position. Revenue from other domestic customers and ETL was HKD 425 million and HKD 167 million, respectively. International customers and core equipment manufacturers further solidified their support for performance, with revenue stabilizing at HKD 2.202 billion, accounting for nearly half (48.2%) of total revenue. ## Continuously Promoting Green and Intelligent Upgrades The company will closely align with the industry's transformation towards green, low-carbon, and intelligent trends, strengthening independent research and development and product innovation, actively promoting upgrades of green intelligent feeding products and solutions to help operators and industry customers reduce costs and increase efficiency, achieving sustainable development. Chairman Huo Dongling stated that the group will adhere to the philosophy of "technological leadership, reliable quality, rational competition," continue to enhance organizational efficiency and operational effectiveness, and create long-term stable value returns for global shareholders and customers ### Related Stocks - [02342.HK](https://longbridge.com/en/quote/02342.HK.md) ## Related News & Research - [Comba Telecom Wins Full Shareholder Backing at 2026 AGM, Secures Fresh Capital Mandates](https://longbridge.com/en/news/286399941.md) - [17:09 ETFitness Ventures Becomes Largest Operator in Crunch Fitness System Following Landmark Acquisition](https://longbridge.com/en/news/286967864.md) - [“We are working on subscription models across multiple CPOs” – Wilhelm Henriksson, Plugsurfing](https://longbridge.com/en/news/286395937.md) - [11:16 ETHaier ist die einzige IoT-Ökosystemmarke der Welt, die acht Jahre in Folge in die Kantar BrandZ Top 100 aufgenommen wurde](https://longbridge.com/en/news/286792596.md) - [CIBC Say Aviation Week Data Indicates Business Aviation Utilization Tops Both Prior-Year and Pre-COVID Levels](https://longbridge.com/en/news/287102015.md)