Clevo reported a high-end pivot in its notebook business, selling 1.39 million units and posting notebook revenue of NT$17.4 billion (approx. US$546 million) in 2025, with consolidated January-February 2026 revenue of NT$3.28 billion, up 29% year-over-year.
On March 11, Clevo announced 2025 consolidated revenue of NT$20.4 billion, gross profit of NT$4.57 billion, delivering a 22% gross margin, operating income of NT$1.61 billion with an 8% operating margin, and net income after tax of NT$1.19 billion. Earnings per share were NT$2.05, and book value per share was NT$75.
Facing a global slowdown in the notebook market, Clevo said it adopted a margin-focused order strategy to boost shipments of "blue ocean" models aimed at less competitive segments. In the fourth quarter of 2025, the company shipped 300,000 units, with blue ocean products accounting for 62% of shipments, a 7pp increase from the previous quarter.
Clevo attributed constrained market conditions in the first half of 2025 to delayed launches of RTX50 series graphics cards and tariff impacts, and said that rising component prices, particularly memory, in the second half of 2025 further limited shipment growth. To respond, the company optimized its product mix and expanded into the high-end segment, achieving annual growth of over 25% in Japan and Germany.
Looking to 2026, Clevo said the global notebook market would continue to face challenges from memory shortages and rising metal raw material costs. The company plans to maintain strategic adjustments and product portfolio optimization, and to rapidly launch high-performance, competitively differentiated products to enhance customer competitiveness and mitigate risks from component cost volatility.
Continuing prior efforts, Clevo's Buynow brand maintained engagement by hosting physical events like esports tournaments, anime-themed activities, celebrity-fan interactions, and photo exchanges. In 2025, rent income reached CNY680 million (approx. US$99.04 million), total foot traffic grew 4% annually, and holiday traffic increased 13%. In 2026, Buynow will introduce new AI-related products across notebooks, smartphones, cameras, AI learning devices, and smart robots, and pursue deeper collaborations with AI-related brands while innovating in digital retail and offline experiences.
Clevo's 30% owned Chicony Plaza mall reported recovery in the fourth quarter of 2025, posting quarterly revenue of CNY1.262 billion, up 66% quarter-over-quarter, and after-tax net profit of CNY71 million. Full-year revenue was CNY3.86 billion, resulting in NT$61 million in net profit for Clevo. Following the successful leasing of its Xi'an location in 2025, Chicony Plaza said it aims to drive sales and profitability improvements at its Wuhan and Chengdu stores.
Article translated by Jingyue Hsiao and edited by Jack Wu
