Core Insights - Huayang Group reported a revenue of 5.311 billion yuan for the first half of 2025, representing a year-on-year growth of 26.65% [1] - The net profit attributable to shareholders reached 341 million yuan, an increase of 18.98% compared to the previous year [1] - The basic earnings per share were 0.65 yuan, reflecting an 18.18% year-on-year growth [1] Revenue Breakdown - The automotive electronics segment generated 3.788 billion yuan in revenue, up 23.37% year-on-year, driven by strong sales of electronic rearview mirrors, cockpit domain controllers, and in-vehicle cameras [1] - The precision die-casting business achieved revenue of 1.292 billion yuan, a significant increase of 41.32% year-on-year, primarily due to rising demand for precision die-cast parts used in automotive intelligence components and new energy vehicle power systems [1] Market Position and R&D - The company maintains a leading market position in core products, with its HUD (Head-Up Display) holding the top market share domestically and second globally for in-vehicle wireless charging products [2] - Customer structure has improved, with significant revenue contributions from clients such as Changan, BAIC, Xiaomi, and Stellantis Group [2] - R&D investment totaled 440 million yuan, accounting for 8.29% of revenue, with notable achievements including the domestic mass production of virtual panoramic display products [2] Capacity Expansion - The company is expanding its automotive electronics business with new facilities in Huizhou and Shanghai, while also advancing projects for precision die-casting in Changxing and Jiangsu [2] - Overseas business development is ongoing with subsidiaries in Thailand and Mexico [2]

公司营业总收入为53.11亿元，较去年同报告期营业总收入增加11.17亿元，实现5年连续上涨，同比较去 年同期上涨26.65%。归母净利润为3.41亿元，较去年同报告期归母净利润增加5445.45万元，实现5年连 续上涨，同比较去年同期上涨18.98%。经营活动现金净流入为2.41亿元。 公司摊薄每股收益为0.65元，较去年同报告期摊薄每股收益增加0.10元，实现5年连续上涨，同比较去年 同期上涨18.18%。 公司最新总资产周转率为0.44次，较去年同期总资产周转率增加0.01次，实现5年连续上涨，同比较去年 同期上涨2.60%。最新存货周转率为2.56次，较去年同期存货周转率增加0.17次，实现2年连续上涨，同 比较去年同期上涨7.25%。 公司最新资产负债率为44.50%，较上季度资产负债率减少0.04个百分点。 公司最新毛利率为18.89%，较上季度毛利率增加0.70个百分点。最新ROE为5.21%，较去年同期ROE增 加0.50个百分点。 2025年8月20日，华阳集团(002906.SZ)发布2025年中报。 公司股东户数为3.56万户，前十大股东持股数量为3.33亿股，占总股本比例为63.43% ...

Core Insights - Huayang Group reported a strong performance in the first half of 2025, with revenue reaching 5.311 billion yuan, a year-on-year increase of 26.65%, and a net profit of 341 million yuan, up 18.98% [1] Financial Performance - The net profit margin decreased from 6.90% in the first half of 2024 to 6.48%, a decline of 0.43 percentage points [3] - The gross profit margin fell from 21.76% in the first half of 2024 to 18.89%, a decrease of 2.88 percentage points [3] - Return on equity (ROE) increased to 5.18%, up 0.49 percentage points year-on-year [3] Operational Efficiency - Inventory turnover days improved to 70.41 days, a decrease of 4.47% compared to the first half of 2024, indicating better inventory management [4] - Net cash flow from operating activities was 241 million yuan, down 0.18% from 260 million yuan in the same period last year [4] - The debt-to-asset ratio increased to 44.50%, up 5.38 percentage points year-on-year, indicating a rise in the company's leverage [4] Market Sentiment - The number of institutional investors holding Huayang Group's stock decreased to 29, down 239 from 268 in the same period of 2024, reflecting weakened confidence among institutional investors [7] - The company's market capitalization peaked at 31.154 billion yuan on December 2, 2021, and currently stands at 17.044 billion yuan, requiring an 82.79% increase in stock price to reach its historical high [7] - The stock price has increased by 5.59% year-to-date, indicating some positive market performance [7]

Core Viewpoint - The company reported significant growth in revenue and net profit for the first half of 2025, driven by strong performance in its automotive electronics and precision die-casting segments, despite a complex external environment [5][6][10]. Financial Performance - The company achieved operating revenue of 5.311 billion yuan, a year-on-year increase of 26.65%, with net profit attributable to shareholders reaching 341 million yuan, up 18.98% [5][6]. - In Q2 2025, the company recorded operating revenue of 2.822 billion yuan, a 28.10% increase year-on-year, and net profit of 186 million yuan, up 28.52% [5][6]. Business Segments - **Automotive Electronics**: Revenue from automotive electronics reached 3.788 billion yuan, growing 23.37% year-on-year. The company maintained the top market share in HUD products and wireless charging in China, with global market share rising to second place [6][10]. - **Precision Die-Casting**: This segment saw revenue of 1.292 billion yuan, a 41.32% increase year-on-year, driven by components for automotive intelligence and new energy vehicles [6][10]. Order Growth - The company reported significant growth in new orders for automotive electronics, including products like display screens and digital acoustics, with new projects from major international and domestic clients [8][9]. Technological Advancements - The company increased R&D investment to 440 million yuan, representing 8.29% of revenue, with advancements in automotive electronics and precision die-casting technologies [10][11]. - New products such as VPD and AR-HUD were launched, enhancing user experience and maintaining technological leadership [10][11]. Capacity Expansion and Globalization - The company is expanding production capacity and pursuing overseas operations, with new facilities in Huizhou and Shanghai, and subsidiaries established in Thailand and Mexico [12].

登录新浪财经APP 搜索【信披】查看更多考评等级 特此公告。 惠州市华阳集团股份有限公司 董事会 ■ 除上述条款外，《公司章程》其他条款保持不变。修订后的《公司章程》详见公司于同日刊登在巨潮资 讯网（http://www.cninfo.com.cn）上的《公司章程》。 三、其他事项说明 1、上述事项尚需提交公司股东会审议，并经出席股东会的股东（包括股东代理人）所持表决权的2/3以 上通过。公司董事会提请股东会授权公司管理层办理变更登记相关事项。公司将按相关法律规定办理注 册资本变更登记手续。 2、本次注册资本变更以市场监督管理部门最终核准、登记为准。 四、备查文件 公司第四届董事会第二十二次会议决议。 二〇二五年八月二十日 证券代码：002906 证券简称：华阳集团 公告编号：2025-035 惠州市华阳集团股份有限公司 关于董事会换届选举的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 惠州市华阳集团股份有限公司（以下简称"公司"）第四届董事会任期即将届满，根据《中华人民共和国 公司法》（以下简称"《公司法》"）、《深圳证券交易所股票上市规则》《深圳证 ...

（编辑 任世碧） 证券日报网讯 8月19日晚间，华阳集团发布2025年半年度报告摘要称，2025年半年度公司实现营业收入 为5，310，692，083.10元，同比增长26.65%；实现归属于上市公司股东的净利润为341，380，394.62 元，同比增长18.98%。 ...

华阳集团(002906.SZ)发布2025年半年度报告，该公司营业收入为53.11亿元，同比增长26.65%。归属于 上市公司股东的净利润为3.41亿元，同比增长18.98%。归属于上市公司股东的扣除非经常性损益的净利 润为3.23亿元，同比增长16.53%。基本每股收益为0.65元。 ...

证券代码：002906 证券简称：华阳集团 公告编号： 2025-027 惠州市华阳集团股份有限公司 关于持股5%以上股东减持期限届满的公告 持股5%以上的股东中山中科股权投资有限公司、珠海横琴中科白云创业 投资基金合伙企业（有限合伙）保证向本公司提供的信息内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 惠州市华阳集团股份有限公司（以下简称"公司"）于 2025 年 4 月 22 日披 露了《关于持股 5%以上股东减持股份计划的预披露公告》（公告编号：2025-018）， 公司持股 5%以上股东中山中科股权投资有限公司（以下简称"中山中科"）及 珠海横琴中科白云创业投资基金合伙企业（有限合伙）（以下简称"中科白云"） （二者均为广东中科科创创业投资管理有限责任公司管理的私募投资基金，为一 致行动人）因其自身经营需求，计划自减持计划公告之日起 15 个交易日后的三 个月内通过集中竞价或大宗交易方式合计减持公司股份不超过 7,873,605 股（即 不超过公司 2025 年 4 月 21 日总股本的 1.5%）。 | 有限公司 | ...

（编辑 楚丽君） 证券日报网讯 8月19日晚间，华阳集团发布公告称，公司于2025年8月18日召开的第四届董事会第二十 二次会议审议通过了《关于续聘会计师事务所的议案》，同意续聘德勤华永会计师事务所（特殊普通合 伙）为公司2025年度审计机构。 ...

证券日报网讯 8月19日晚间，华阳集团发布公告称，公司于2025年8月18日召开第四届董事会第二十二 次会议审议通过了《关于董事会换届选举非独立董事的议案》和《关于董事会换届选举独立董事的议 案》，提名邹淦荣先生、张元泽先生、吴卫先生、李道勇先生、孙永镝先生、林远辉先生为公司第五届 董事会非独立董事候选人，提名李常青先生、冯国灿先生、邱美兰女士为公司第五届董事会独立董事候 选人。公司第五届董事会任期三年，自股东会审议通过之日起计算。 （编辑 李家琪） ...