Core Viewpoint - New Energy's financial performance for the first half of 2025 shows a positive trend with revenue and net profit growth, despite a decline in quarterly revenue, indicating a strong operational capability and market positioning [1][4]. Financial Performance Summary - Total revenue for the first half of 2025 reached 930 million yuan, a year-on-year increase of 6.44% [1]. - Net profit attributable to shareholders was 235 million yuan, up 8.03% year-on-year [1]. - In Q2 2025, total revenue was 481 million yuan, reflecting a decline of 4.21% compared to the previous year, while net profit for the quarter was 127 million yuan, an increase of 7.88% [1]. - Gross margin improved slightly to 35.8%, with a net margin of 25.1%, showing increases of 0.06% and 1.53% respectively [1]. - Total operating expenses (sales, management, and financial expenses) amounted to 32.05 million yuan, representing 3.45% of revenue, a significant increase of 192.96% year-on-year [1]. Key Financial Metrics - Earnings per share (EPS) increased to 0.57 yuan, a rise of 9.62% year-on-year [1]. - Operating cash flow per share improved significantly by 72.2% to 0.38 yuan [1]. - The company's net assets per share rose to 10.02 yuan, an increase of 10.74% [1]. Changes in Financial Items - Cash and cash equivalents increased by 37.24% to 2.718 billion yuan due to operational accumulation [3]. - Trade receivables rose by 39.33% to 299 million yuan [3]. - Long-term equity investments surged by 174.69%, indicating increased external investments [3]. - The company reported a significant increase in expected liabilities by 77.7% due to quality assurance deposits [3]. Cost and Expense Analysis - Operating costs increased by 6.4%, aligned with revenue growth [4]. - Sales expenses rose by 22.95% due to increased sales commissions and incentives [4]. - Financial expenses saw a notable increase of 72.65%, attributed to reduced interest income [4]. - Research and development expenses grew by 30.9%, reflecting a commitment to innovation [4]. Investment and Returns - The company's return on invested capital (ROIC) was reported at 10.32%, with a historical median of 17.27% since its listing [8]. - The company has shown a strong investment return history, despite a lower ROIC of 7.23% in 2023 [8]. Market Position and Fund Holdings - The leading fund holding New Energy shares is the Baodao Zhuoyuan Mixed A Fund, with a holding of 84,900 shares [11]. - The fund's recent performance shows a 36.45% increase over the past year, indicating strong investor confidence [11].

Summary of Conference Call Transcript Company Overview - The company discussed is 新洁能 (New Energy Co.) - The focus is on the semiconductor industry, particularly power semiconductors and related technologies Key Financial Performance - Q2 revenue reached 480 million CNY, a quarter-on-quarter increase of 7.04% [2] - Net profit attributable to shareholders was 127 million CNY, up 17.16% quarter-on-quarter [2] - For the first half of 2025, total revenue was 930 million CNY, a year-on-year increase of 6.44% [3] Growth Drivers - Growth attributed to recovery in downstream sectors, inventory optimization, and increased domestic substitution demand [4] - The company is experiencing a stable increase in orders, with visibility extending one to two quarters ahead [4][12] - Emerging fields such as automotive, AI computing, and robotics are showing significant progress [4][13] Research and Development - R&D expenses increased by 31% year-on-year [6] - SGT MOS platform revenue share reached 45%, with over 1,200 product models [6] - The company is advancing third-generation silicon carbide (SiC) MOSFETs, with the second generation already in mass production [24] Market Expansion - The company is expanding into Southeast Asia and the Americas through its Singapore subsidiary, which is expected to contribute millions in revenue this year [7][19] - The company maintains strategic partnerships with supply chain partners, enhancing production capabilities [8] Application Areas - Revenue distribution in application areas: Industrial Automation 39%, New Energy Vehicles 15%, Robotics 7%, and others [9] - The automotive sector is a key focus, with over 300 vehicle-grade MOSFET products launched [9][17] Supply Chain Management - The company is enhancing supply chain relationships to counter cost pressures, maintaining a stable gross margin [8] - Significant production increases in silicon-based products at partner facilities [8] Market Trends and Outlook - The automotive sector is expected to see continued growth, with optimism for the second half of the year [16] - The company anticipates stable demand in the photovoltaic energy storage sector due to policy incentives [9] Pricing Strategy - Pricing is influenced by market conditions and strategic relationships with key customers [20] - The company is cautious about passing on cost increases to customers, focusing on maintaining long-term partnerships [20] Emerging Applications - The company is well-positioned in emerging applications, rapidly introducing products to leading customers [33] - Focus on integrating power, analog, and digital products to support long-term growth [34] Future Strategy - The company aims for steady development while encouraging ongoing communication with investors [35]

| | | | 单位:元币种:人民币 | | --- | --- | --- | --- | | 主要会计数据 | 本报告期 | 上年同期 | 本报告期比上年 | | | (1-6月) | | 同期增减(%) | | 营业收入 | 929.703.060.49 | 873.489.034.82 | 6.44 | | 利润总额 | 267.550.167.14 | 245.633.931.98 | 8.92 | | 归属于上市公司股东的净利润 | 235.120.522.81 | 217.648.539.88 | 8.03 | | 归属于上市公司股东的扣除非经常性 损益的净利润 | 207.248.431.25 | 214.135.001.84 | -3.22 | | 经营活动产生的现金流量净额 | 159.866.874.68 | 92.836.752.29 | 72.20 | | | 本报告期末 | 上年度末 | 本报告期末比上 | | | | | 年度末增减(%) | | 归属于上市公司股东的净资产 | 4.161.950.739.20 | 3.952.507.998.67 | 5.30 | | 总资产 ...

智通财经APP讯，新洁能(605111.SH)发布2025年半年度报告，该公司营业收入为9.3亿元，同比增长 6.44%。归属于上市公司股东的净利润为2.35亿元，同比增长8.03%。归属于上市公司股东的扣除非经常 性损益的净利润为2.07亿元，同比减少3.22%。基本每股收益为0.57元。 报告期内，芯片代工供应稳定，芯片回货量稳步增长，在华虹FAB9厂12寸工艺平台顺利通线并实现批 量投片;FRD、SiCMOSFET等产品实现批量生产;进行封装资源整合，维护现有供应链完整的同时，针对 客户特定需求，及时开发符合要求的封装供应商;已开发完成IGBT的CP测试资源;完成生产周期报表开 发，加强订单回货周期管控，推动了封装运营管理系统进一步电子化。 ...

格隆汇8月19日丨新洁能(605111.SH)公布2025年半年度报告，报告期实现营业收入9.3亿元，同比增长 6.44%；归属于上市公司股东的净利润2.35亿元，同比增长8.03%；归属于上市公司股东的扣除非经常性 损益的净利润2.07亿元，同比下降3.22%； 基本每股收益0.57元。 ...

（文章来源：每日经济新闻） 新洁能（SH 605111，收盘价：34.4元）8月19日晚间发布半年度业绩报告称，2025年上半年营业收入约 9.3亿元，同比增加6.44%；归属于上市公司股东的净利润约2.35亿元，同比增加8.03%；基本每股收益 0.57元，同比增加9.62%。 ...

每经头条（nbdtoutiao）——一纸文件征求意见，药店老板们睡不着觉了 2024年1至12月份，新洁能的营业收入构成为：电子元器件占比99.59%，其他业务占比0.41%。 （记者 王晓波） 截至发稿，新洁能市值为143亿元。 每经AI快讯，新洁能（SH 605111，收盘价：34.4元）8月19日晚间发布公告称，公司第五届第三次董事 会会议于2025年8月19日以通讯方式召开。会议审议了《公司2025年半年度报告及摘要的议案》等文 件。 ...

证券代码：605111 证券简称：新洁能 公告编号：2025-044 无锡新洁能股份有限公司 重要内容提示： 股票期权回购数量：0.95 万股 2025 年 8 月 19 日，无锡新洁能股份有限公司（以下简称"公司"）召开第 五届董事会第三次会议，审议通过了《关于注销 2024 年股票期权激励计划部分 股票期权的议案》。鉴于公司 2024 年股票期权激励计划激励对象中 3 名激励对 象因离职，已不具备激励对象资格，根据《中华人民共和国公司法》以及公司《2024 年股票期权激励计划（草案）》（以下简称"激励计划"）等相关规定，公司拟 注销其已登记但尚未行权的股票期权 0.95 万股。具体情况如下： 一、公司股权激励计划情况 1、2024 年 12 月 25 日，公司第四届董事会第十九次会议审议通过了《关于 <无锡新洁能股份有限公司 2024 年股票期权激励计划（草案）>及其摘要的议案》、 《关于<无锡新洁能股份有限公司 2024 年股票期权激励计划实施考核管理办法> 的议案》、《关于提请股东大会授权董事会及其授权人士办理公司 2024 年股票 期权激励计划相关事宜的议案》，公司第四届监事会第十七次会议审议通过了 ...

证券代码：605111 证券简称：新洁能 公告编号：2025-045 根据《公司法》等相关法律、法规的规定，公司债权人自接到公司通知之日 起 30 日内、未接到通知者自本公告披露之日起 45 日内，均有权凭有效债权文件 及相关凭证要求公司清偿债务或者提供相应担保。 债权人如未在规定期限内行使上述权利的，不会因此影响其债权的有效性， 相关债务（义务）将由公司根据原债权文件的约定继续履行。 债权申报所需材料：公司债权人可持证明债权债务关系存在的合同、协议及 其他凭证的原件及复印件到公司申报债权。债权人为法人的，需同时携带法人营 业执照副本原件及复印件、法定代表人身份证明文件；委托他人申报的，除上述 文件外，还需携带法定代表人授权委托书和代理人有效身份证的原件及复印件。 无锡新洁能股份有限公司 关于拟注销部分股票期权通知债权人的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、通知债权人的原由 2025 年 8 月 19 日，无锡新洁能股份有限公司（以下简称"公司"）召开第五 届董事会第三次会议，审议通过了《关于注销 202 ...

关于无锡新洁能股份有限公司 2024年股票期权激励计划注销部分股票期权实施 之 一、本所律师声明事项 1、本所依据《律师事务所从事证券法律业务管理办法》和《律师事务所证 券法律业务执业规则（试行）》等有关规定，编制和落实了查验计划，亲自收集 证据材料，查阅了按规定需要查阅的文件以及本所认为必须查阅的其他文件。在 公司保证提供了本所为出具本法律意见书所要求公司提供的原始书面材料、副本 材料、复印材料、确认函或证明，提供给本所的文件和材料是真实、准确、完整 和有效的，并无任何隐瞒、虚假或重大遗漏之处，且文件材料为副本或复印件的， 其与原件一致和相符的基础上，本所合理、充分地运用了包括但不限于与公司经 办人员沟通、书面审查、复核等方式进行了查验，对有关事实进行了查证和确认。 法 律 意 见 书 南 京 市 建 邺 区 贤 坤 路 江 岛 智 立 方 C 座 4 层 邮 编 ： 2 1 0 0 1 9 电 话 ： + 8 6 2 5 - 8 3 3 0 4 4 8 0 传 真 ： + 8 6 2 5 - 8 3 3 2 9 3 3 5 _________________________________________ ...