ViewSonic Corporation's revenue and net profit will grow both in 2025, with educational AI + brand internationalization strengthening the foundation for growth.

On the evening of March 24, Visionox (002841.SZ) released its 2025 annual report. Against the backdrop of fluctuations in the macro cycle and the complexity and volatility of global trade policies, the company delivered full-year operating revenue of RMB 24.354 billion, up 8.72% year over year. Attributable net profit to shareholders was RMB 1.013 billion, up 4.38% year over year, surpassing expectations and achieving positive year-on-year growth in performance.

As a technology company that ranks among the global leaders in LCD display control boards and interactive smart tablets, Visionox has managed to stabilize and rebound amid industry cycle fluctuations and achieve double growth—no small feat. Even more noteworthy is that, as can be seen from this financial report, Visionox is accelerating its transformation into an “integrated solutions provider of software and hardware driven by artificial intelligence.” Its growth curve driven by education AI and overseas brand expansion has entered a phase of rapid, high-speed development.

兑现业绩拐点，高分红彰显底气

Behind the growth in performance is solid support from core businesses. In the intelligent control component segment that began with LCD display control boards, the company not only maintains its existing position but is also committed to breaking through. The LCD display control boards business has made steady progress; the home appliance controller business continues to climb, with revenue surging 46.02% year over year. Both the automotive electronics and power electronics businesses have maintained rapid growth, becoming new highlights for growth within the segment.

In the smart terminal and application segment, the company maintains a leading advantage in the market. Its brands, e-Sivo and MAXHUB, interactive smart tablets have remained No. 1 in the industry for multiple consecutive years. In 2025, the company’s education brand and enterprise services brand business revenue both recorded growth of more than 8%. In a period of industry fluctuations, this growth rate is especially hard to come by. More critically, the iteration and upgrade of growth momentum is accelerating across the board. Education AI is rolling out faster; MAXHUB’s own-brand overseas expansion precisely targets overseas markets with high incremental growth, becoming the core driving force for segment growth.

It is worth noting that on the same evening, the company simultaneously disclosed its 2025 dividend distribution proposal. It plans to pay cash dividends of RMB 7.2 per 10 shares to all shareholders (including tax), with the total cash dividend amount of about RMB 499 million, representing 49.27% of attributable net profit—far above the floor level set by the company’s “Articles of Association.” At the same time, the company also clearly plans a mid-term dividend policy: moving from ongoing high-percentage dividends to increasing dividend frequency, fully demonstrating the company’s high level of attention to shareholder returns.

Education AI rollout accelerates, and policy tailwinds open up growth space

In the education intelligence track, Visionox precisely captures industry trends and creates a dual resonance with policy opportunities. The company builds an “1+N+N” AI education technology framework, with its self-developed e-Sivo teaching large model as the core. It continues to iterate and accelerate the promotion of AI products, constantly improving the education AI ecosystem. In December 2025, the company launched its next-generation AI teaching partner, the intelligent agent “e-Sivo Super Ability Xiaoxi,” covering all scenarios across “teaching-learning-research-management-assessment.” It realizes a key leap for the intelligent agent—from a single function to end-to-end, all-scenario coverage.

The speed of AI education product deployment also confirms the certainty of the education AI transformation pathway and the practical effectiveness of meeting product demand. By the end of 2025, e-Sivo’s classroom intelligent feedback system had been established with 19 key application demonstration zones, enabling large-scale AI-assisted teaching. e-Sivo’s AI lesson preparation tool has累计激活 users totaling over 1 million, indicating that AI has been integrated into teachers’ daily teaching workflows. e-Sivo’s Magic Cube digital base covers more than 10,000 schools domestically, providing data-driven decision support for regional education governance.

In addition, the company further enhances personalized learning experiences by rolling out an “AI teacher” feature for its learning tablets. It also introduces new home-education terminals such as the parents’ and children’s display and an AI story machine, continuing to deepen its efforts in home education both domestically and abroad.

With policy tailwinds adding momentum, the company’s education AI business also gains broad room for growth. In December 2025, the Ministry of Education clearly stated that it will issue policy documents related to artificial intelligence education in 2026, indicating that domestic AI in education has entered a stage of top-level design and systematic advancement. As the first year of the “15th Five-Year Plan and 5-year period,” the recently released “Outline of the 15th Five-Year Plan for National Economic and Social Development” includes, for the first time, the phrase “promoting education mode change empowered by artificial intelligence,” and also explicitly points out “promoting high-quality expansion of basic education, expanding resources for general senior high schools,” and “promoting improved quality and expanded capacity in higher education,” which will provide strong support for further extending educational informatization and the rollout of education AI products. As a leading enterprise in educational informatization, Visionox—benefiting from years of scenario accumulation at schools and its technological first-mover advantages—may be positioned to be among the first to capture policy tailwinds, further strengthening its leading position.

Brand overseas expansion accelerates, and revenue from the company’s own brands overseas rises 54.83%

Relying on a forward-looking global strategy and continuous product innovation, Visionox’s globalization strategy has also achieved leapfrog development. In 2025, MAXHUB’s overseas brand business generated revenue of RMB 666 million in areas such as enterprise services and education, up sharply 54.83% year over year.

Leveraging self-developed interactive display and audio/video technologies, MAXHUB has established deep partnerships with tech giants such as Microsoft, Zoom, and Intel, building an open ecosystem and achieving an end-to-end full value-chain integration capability spanning technological innovation, product R&D, and ecosystem cooperation. Currently, multiple MAXHUB meeting products have passed certification for Microsoft Teams Rooms, paving the way for entry into the global high-end enterprise market.

Meanwhile, the company has launched MAXHUB EasiClass, a multilingual education AI software application for overseas markets. With its technology first-mover advantage, it captures early opportunities in the school education AI application market. The company’s smart education solution has been rolled out to K12 schools in multiple countries including Malaysia, Vietnam, Australia, and Iraq. Based on soft-and-hardware products such as interactive smart tablets for education, the EasiClass multilingual teaching software, and the Pivot digital management platform, it forms localized digital education deployment samples adapted to different regions.

The localization deep dive in channels and services, together with the synergistic effect of global market experience, is an important support for driving growth. The company has already established localized teams in 29 countries and regions worldwide, with operations covering more than 140 countries and regions. In the future, overseas own-brand business is expected to become an important pillar for scaling up the company and improving profitability.

Robotics business advances, and forward-looking positioning opens up growth space

While deeply cultivating its core businesses, Visionox has not stopped exploring future frontier technologies. In 2025, multiple robot products from Visionox were launched in quick succession, drawing broad attention in the market. Its self-developed industrial-grade quadruped robot, MAXHUB X7, successfully rolled out into industrial and power-sector application scenarios, and related products have completed customer deliveries. Its intelligent flexible robotic arm made an appearance at the Canton Fair and won the championship at the second Zhuhai International Dexterous Manipulation Challenge. With advantages such as low-cost data acquisition and native AI adaptation, it has now entered mass production. Commercial cleaning robots have been exported in batches to Europe and markets in Japan and South Korea, entering scenarios such as office buildings and industrial dust-free workshops.

As these “just-needed/mandatory demand” products continue to roll out, and supported by the company’s technical accumulation in motor electro-control and AI algorithms, Visionox’s robotics business is expected to become another important growth driver in the future. This reflects management’s keen judgment of the trend toward industrialization of frontier technologies.

In 2025, Visionox continued to ramp up R&D investment. It obtained more than 800 newly authorized patents, bringing its cumulative authorized patents to nearly 11,000. It made breakthrough progress in key technical directions such as multimodal large models, embodied intelligence, and next-generation voice enhancement, and it also won the First Prize for Scientific and Technological Progress in Guangdong Province.

Looking ahead to 2026, Visionox said it will continue to increase investment in technological innovation and accelerate the implementation of its globalization strategy. While consolidating traditional advantages in the intelligent control component segment, it will cultivate new growth points such as automotive electronics and power electronics. In the smart terminal segment, it will accelerate AI application rollout and industry-focused deployment, strengthen scenario adaptation capabilities, and gradually develop toward personal-level business.

Industry observers noted that Visionox has gradually formed a dual-circulation development pattern featuring stable support from core domestic businesses and rapid growth in overseas business. As the company’s globalization operating capability continues to deepen, it is expected to further open up growth space and move into a new phase of high-quality global development. (Wen Sui)

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