--- title: "JOYSON ELECTRONICS stated that high gold prices have increased cost pressure and they will adjust prices in response" type: "News" locale: "en" url: "https://longbridge.com/en/news/281355161.md" description: "JOYSON ELECTRONICS (699) management stated that the rise in gold prices has put cost pressure on the company, although the increase in oil prices has little impact. The company has communicated with customers and adjusted prices, facing challenges. President Chen Wei pointed out that product prices are determined by the market, and raw material costs are relatively easier to control. The company reported a net profit of HKD 1.34 billion last year, up 39.1%; revenue was HKD 61.18 billion, an annual increase of 9.5%. Revenue from automotive safety solutions and automotive electronics solutions saw a slight decline, while other revenues grew significantly. Overall gross profit margin increased to approximately 18.3%" datetime: "2026-04-01T11:12:29.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281355161.md) - [en](https://longbridge.com/en/news/281355161.md) - [zh-HK](https://longbridge.com/zh-HK/news/281355161.md) --- # JOYSON ELECTRONICS stated that high gold prices have increased cost pressure and they will adjust prices in response Under the situation in the Middle East, oil prices have risen. JOYSON ELECTRONICS (699) management stated that this has no particular impact on the company. Instead, the earlier rise in gold prices had a greater effect. However, the company has implemented source management and communicated with customers to adjust prices, admitting there are challenges and pressures, and will negotiate with upstream and downstream partners. Amid geopolitical tensions, the company's president, Chen Wei, stated that product prices are determined by the market. The company focuses on costs related to the supply chain and raw materials, noting that improving profitability from the supply chain is more difficult, while raw materials are relatively easier. He also mentioned that the Chinese supply chain is resilient and complete, and China is becoming increasingly strong in terms of raw materials, especially in scale. The company is actively applying Chinese materials in markets such as the United States and Japan, thus achieving significant progress in cost over the past few years. Additionally, the company has basically completed its capacity layout. Last year, JOYSON ELECTRONICS reported a net profit of 1.34 billion yuan (RMB), an increase of 39.1%; basic earnings per share were 1.01 yuan, with a final dividend of 0.18 yuan per share. During the period, the company's revenue was 61.18 billion yuan, up 9.5% year-on-year. Among these, revenue from automotive safety solutions fell 0.4% year-on-year to nearly 38.5 billion yuan; revenue from automotive electronics solutions decreased by 1.4% to 16.76 billion yuan; other revenue was 5.92 billion yuan, an increase of 27.4 times. By region, last year, overseas revenue accounted for 72.6%, a decrease of 2.1 percentage points year-on-year; while revenue from China rose to 27.4%. The company's overall gross profit margin improved by about 2.1 percentage points year-on-year to approximately 18.3% ### Related Stocks - [600699.CN](https://longbridge.com/en/quote/600699.CN.md) - [562260.CN](https://longbridge.com/en/quote/562260.CN.md) - [159306.CN](https://longbridge.com/en/quote/159306.CN.md) - [00699.HK](https://longbridge.com/en/quote/00699.HK.md) - [516110.CN](https://longbridge.com/en/quote/516110.CN.md) - [562700.CN](https://longbridge.com/en/quote/562700.CN.md) - [159565.CN](https://longbridge.com/en/quote/159565.CN.md) ## Related News & Research - [Ningbo Joyson files HKEX next-day return disclosing share repurchase at HKD 16.97](https://longbridge.com/en/news/287050407.md) - [Key facts: Li Auto L9 uses FlexNoC/Magillem for 2,560 TOPS; shares fall](https://longbridge.com/en/news/286979573.md) - [Leapmotor confirms second brand plans](https://longbridge.com/en/news/286572983.md) - [Stellantis and Dongfeng in $1.5b deal to make Jeeps, Peugeots in China](https://longbridge.com/en/news/286633388.md) - [BYD sees monthly sales climbing on battery capacity ramp-up](https://longbridge.com/en/news/286554635.md)