Core Viewpoint - Company focuses on the development in the acoustic field, with products widely used in various consumer electronics sectors such as smart automotive, smart wearables, smart home, smartphones, and the Internet of Things [1] Company Summary - Company has not yet participated in the "谷子经济" (Guzi Economy) [1]

格隆汇8月19日丨共达电声(002655.SZ)在互动平台表示，公司目前没有开展脑机接口技术研究。 ...

Group 1 - The company, Gongda Electronics (002655.SZ), focuses on the development in the acoustic field, with products widely used in smart automotive, smart wearables, smart home, smartphones, and IoT consumer electronics [1] - Currently, the company's products have not participated in the "Grape Economy" [1]

风险提示：股市有风险，投资需谨慎。 来源:金融界 共达电声主营业务为电声元器件及电声组件的研发、生产和销售，产品广泛应用于消费电子、汽车电 子、智能家居等领域。公司所属行业为电子元器件制造业。 公开信息显示，养老金在2025年二季度新进成为共达电声前十大流通股东，持股数量为828.37万股，占 流通股比例为2.30%。 截至2025年8月18日收盘，共达电声股价报14.05元，较前一交易日上涨0.29元，涨幅2.11%。当日成交 量为30.51万手，成交金额4.28亿元。 ...

Core Viewpoint - The recent financial report of Comda Electronics (002655) shows significant growth in revenue and net profit for the first half of 2025, indicating a positive trend in the company's performance [1]. Financial Performance - Total revenue for the first half of 2025 reached 653 million yuan, a year-on-year increase of 22.13% compared to 535 million yuan in 2024 [1]. - Net profit attributable to shareholders was 43.08 million yuan, up 31.89% from 32.66 million yuan in the previous year [1]. - The second quarter alone saw total revenue of 362 million yuan, reflecting a 31.4% increase year-on-year, with net profit of 21.23 million yuan, up 37.05% [1]. Key Financial Metrics - Gross margin improved to 30.44%, an increase of 5.5% year-on-year, while net margin rose to 6.85%, up 7.97% [1]. - Total expenses (selling, administrative, and financial) amounted to 76.67 million yuan, accounting for 11.74% of revenue, which is a 14.06% increase year-on-year [1]. - Earnings per share increased to 0.12 yuan, a rise of 31.97% from 0.09 yuan [1]. Cash Flow and Debt - Operating cash flow per share decreased to 0.06 yuan, down 54.99% year-on-year [1]. - The company experienced a significant increase in accounts receivable, which rose by 56.23% to 472 million yuan [1]. - Interest-bearing liabilities increased by 69.25% to 562 million yuan, indicating a rise in financial leverage [1]. Investment and R&D - Research and development expenses increased by 43.08%, attributed to higher employee compensation and material costs [2]. - The company's return on invested capital (ROIC) was reported at 9.31%, which is considered average [2]. Fund Holdings - The largest fund holding Comda Electronics is Minsheng Jia Yin Continuous Growth Mixed A, with 6.67 million shares held [3]. - Other funds that have recently increased their holdings include Penghua High-Quality Growth Mixed A and Penghua Stable Return Mixed A [3].

Core Insights - The company reported a revenue of 653 million yuan for the first half of 2025, representing a year-on-year growth of 22.13%, and a net profit of 43.08 million yuan, up 31.89% year-on-year [1] - The main business includes the research, production, and sales of micro-precision acoustic components and electronic component distribution, with products widely used in smartphones, wearable devices, automotive electronics, smart home, IoT, and AI toys [1] - The automotive and industrial applications segment generated 334 million yuan in revenue, accounting for 51.18% of total revenue, with a year-on-year increase of 28.22%, while the consumer electronics segment generated 319 million yuan, accounting for 48.82% of total revenue, with a year-on-year increase of 16.33% [1] Business Development - The company has strengthened new product development, resource integration, market expansion, and cost control, enhancing its industry position [2] - The company maintained long-term cooperative relationships with leading clients in the global technology and automotive electronics sectors, with an increase in patent applications and product technology levels [2] - Several investments were made to advance industrial layout, including a 30 million yuan investment to establish a wholly-owned subsidiary focused on smart automotive equipment and electronic components [2] Strategic Acquisitions - In July, the company announced the acquisition of a 42.67% stake in Zhejiang Haochen Semiconductor from Wuxi Weiguan Semiconductor, establishing itself as the controlling shareholder [3] - The investment aims to collaborate on cutting-edge technologies in automotive electronic modules and AI-related fields, laying the foundation for the company's external industrial chain layout [3]

Core Viewpoint - The company reported a revenue of 653 million yuan for the first half of 2025, marking a year-on-year increase of 22.13%, and a net profit of 43.08 million yuan, up 31.89% year-on-year [1] Group 1: Business Performance - The company's main business includes the R&D, production, and sales of micro-precision acoustic components and electronic component distribution, with products widely used in smartphones, wearables, automotive electronics, smart homes, IoT, and AI toys [1][2] - In the reporting period, the automotive and industrial applications segment generated 334 million yuan in revenue, accounting for 51.18% of total revenue, with a year-on-year growth of 28.22%, while the consumer electronics segment generated 319 million yuan, accounting for 48.82% of total revenue, with a year-on-year growth of 16.33% [1] Group 2: Strategic Initiatives - The company has strengthened new product development, resource integration, market expansion, and cost control, enhancing its industry position [2] - The company has maintained long-term cooperative relationships with leading clients in the global technology and automotive electronics sectors, with an increase in patent applications and product technology levels [2] Group 3: Investment Activities - The company made several external investments to advance its industrial layout, including a 30 million yuan investment to establish a wholly-owned subsidiary focused on smart automotive equipment [3] - The company announced plans to inject 100% equity of its wholly-owned subsidiary in Malaysia into another subsidiary in Hong Kong to integrate internal resources and expand overseas [3] - The company acquired a 42.67% stake in Zhejiang Haochen Semiconductor, aiming to invest in cutting-edge technologies in automotive electronic modules and AI-related fields [3] Group 4: Strategic Direction - The company adheres to a "T" strategy for development, focusing on vertical extension in the electronic components sector and enhancing upstream and downstream resource integration [4] - The company is concentrating on expanding its automotive business and enriching its product matrix to provide comprehensive acoustic solutions for customers [4]

Market Overview - On August 15, the consumer electronics sector rose by 2.46%, with Yidong Electronics leading the gains [1] - The Shanghai Composite Index closed at 3696.77, up 0.83%, while the Shenzhen Component Index closed at 11634.67, up 1.6% [1] Top Gainers - Yidong Electronics (301123) closed at 39.41, up 20.01% with a trading volume of 283,700 shares and a transaction value of 1.025 billion [1] - Yingstone Innovation (688775) closed at 224.42, up 20.00% with a trading volume of 86,800 shares and a transaction value of 1.891 billion [1] - Shenglan Co., Ltd. (300843) closed at 44.92, up 11.35% with a trading volume of 273,900 shares [1] - Boshuo Technology (300951) closed at 37.21, up 11.24% with a trading volume of 149,200 shares and a transaction value of 557 million [1] Top Losers - Darui Electronics (300976) closed at 59.97, down 5.31% with a trading volume of 79,900 shares and a transaction value of 481 million [2] - Heertai (002402) closed at 29.98, down 3.20% with a trading volume of 1,683,900 shares and a transaction value of 5.093 billion [2] - Guoguang Electric (002045) closed at 16.70, down 0.71% with a trading volume of 517,400 shares [2] Capital Flow - The consumer electronics sector experienced a net outflow of 792 million from institutional investors and 376 million from retail investors, while individual investors saw a net inflow of 1.169 billion [2][3] - Notable net inflows from individual investors included Yidong Electronics (301123) with a net outflow of 79.05 million and Yingstone Innovation (688775) with a net outflow of 20.2 million [3]

Financial Performance - The company reported a revenue of 653,030,504.25 yuan for the first half of 2025, representing a year-on-year growth of 22.13% [2][3] - The net profit attributable to shareholders was 43,077,680.23 yuan, an increase of 31.89% compared to the same period last year [2][3] - The net profit after deducting non-recurring gains and losses was 44,469,689.94 yuan, reflecting a growth of 28.12% year-on-year [2][3] - The operating cash flow for the period was 21,791,648.51 yuan, showing a significant decrease of 55.00% compared to the previous year [3] Business Segments - Revenue from automotive and industrial applications reached 334,200,216.52 yuan, accounting for 51.18% of total revenue, with a year-on-year growth of 28.22% [2] - Revenue from consumer electronics was 318,830,287.73 yuan, making up 48.82% of total revenue, and grew by 16.33% year-on-year [2] Assets and Equity - As of the end of the reporting period, total assets amounted to 1,934,114,151.93 yuan, a year-on-year increase of 7.56% [2][3] - The net assets attributable to shareholders were 707,710,270.12 yuan, reflecting a growth of 6.23% compared to the previous year [2][3] Strategic Focus - The company is implementing a "T" strategy, focusing on strengthening its core electronic components business while expanding into automotive applications and providing comprehensive acoustic solutions [4] - The strategy emphasizes vertical integration in the supply chain and continuous product category expansion in the automotive sector [4]

证券代码：002655 证券简称：共达电声 公告编号：2025-038 共达电声股份有限公司 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 共达电声股份有限公司（以下简称"公司" ）第六届监事会第十 二次会议（以下简称"本次会议"）于 2025 年 8 月 14 日下午以现场 与网络相结合的方式在公司会议室召开。本次会议已于 2025 年 8 月 应出席监事 3 人，实际出席监事 3 人。会议由监事会主席陆正杨主 持，公司董事会秘书列席了会议。会议的召集、召开符合《中华人民 共和国公司法》 （以下简称"《公司法》" ）、《中华人民共和国证券法》 （以下简称" 《证券法》 "）和《公司章程》等有关规定。 第六届监事会第十二次会议决议公告 表决结果：3 票同意、0 票反对、0 票弃权。 证券代码：002655 证券简称：共达电声 公告编号：2025-038 本议案尚需提交公司 2025 年第二次临时股东大会审议。 《关于注销 2024 年股票期权激励计划部分股票期权的议案》 监事会认为，公司本次注销部分股票期权事项符合《上市公司股 权激励 ...