Core Insights - The company reported a total revenue of 1.819 billion yuan for the first half of 2025, marking a year-on-year increase of 20.6 million yuan or 1.15% [1] - The net profit attributable to shareholders reached 116 million yuan, reflecting a significant year-on-year increase of 27.37 million yuan or 30.84% [1] - The net cash inflow from operating activities was 231 million yuan, an increase of 244 million yuan compared to the same period last year [1] Financial Performance - The latest gross margin stands at 31.22%, ranking 8th among peers, with a quarter-on-quarter increase of 0.42 percentage points and a year-on-year increase of 3.31 percentage points [2] - The return on equity (ROE) is 7.44%, ranking 2nd among peers, with a year-on-year increase of 1.33 percentage points [2] - The diluted earnings per share (EPS) is 0.31 yuan, ranking 12th among peers, with a year-on-year increase of 0.07 yuan or 28.99% [2] - The total asset turnover ratio is 0.49 times, ranking 5th among peers, with a year-on-year increase of 0.02 times or 4.95% [2] - The inventory turnover ratio is 2.24 times, ranking 34th among peers, with a year-on-year increase of 0.30 times or 15.48% [2] Shareholder Information - The number of shareholders is 16,800, with the top ten shareholders holding 262 million shares, accounting for 71.02% of the total share capital [2] Debt Management - The latest debt-to-asset ratio is 57.94%, a decrease of 2.65 percentage points compared to the same period last year [3]

Core Insights - The optical and optoelectronic sector experienced a 2.1% increase on August 28, with Aibisen leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Sector Performance - Aibisen (300389) saw a closing price of 14.70, with a significant increase of 20.00% and a trading volume of 258,100 shares [1] - Dongtian Micro (301183) closed at 111.03, up 15.38% with a trading volume of 182,900 shares [1] - Chenglai Optics (688502) closed at 475.34, up 13.71% with a trading volume of 21,800 shares [1] - Qiutian Micro (300939) closed at 40.00, up 12.17% with a trading volume of 186,100 shares [1] - Tengjing Technology (688195) closed at 69.26, up 10.53% with a trading volume of 155,600 shares [1] - Woge Optoelectronics (603773) closed at 34.32, up 10.00% with a trading volume of 127,700 shares [1] - Yanke Co. (300889) closed at 20.40, up 9.21% with a trading volume of 234,800 shares [1] - Yongxin Optics (603297) closed at 107.98, up 8.41% with a trading volume of 54,000 shares [1] - Fujing Technology (002222) closed at 46.07, up 7.51% with a trading volume of 274,200 shares [1] - Wavelength Optoelectronics (301421) closed at 89.60, up 6.62% with a trading volume of 83,300 shares [1] Capital Flow - The optical and optoelectronic sector saw a net outflow of 2.012 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.947 billion yuan [3] - Speculative funds recorded a net inflow of 65.4 million yuan into the sector [3]

Core Viewpoint - The company reported its 2025 H1 financial results, showing a slight revenue increase and significant growth in net profit, indicating a positive performance trend despite challenges in overseas markets [1][2]. Financial Performance - In 2025 H1, the company achieved revenue of 1.819 billion yuan, a year-on-year increase of 1.15%, and a net profit attributable to shareholders of 116 million yuan, up 30.84% year-on-year. The net profit excluding non-recurring items was 107 million yuan, reflecting a substantial increase of 90.64% year-on-year [1][2]. - For Q2 2025, the company reported revenue of 993 million yuan, a year-on-year increase of 6.35% and a quarter-on-quarter increase of 20.25%. The net profit attributable to shareholders was 80 million yuan, up 348.03% year-on-year and 118.95% quarter-on-quarter. The net profit excluding non-recurring items was 68 million yuan, showing a remarkable increase of 975.86% year-on-year and 71.50% quarter-on-quarter [2]. Profitability Metrics - The gross margin for 2025 H1 was 31.22%, an increase of 3.31 percentage points year-on-year. In Q2 2025, the gross margin was 31.57%, reflecting a year-on-year increase of 5.96 percentage points and a quarter-on-quarter increase of 0.76 percentage points [3]. - The operating expense ratio for 2025 H1 was 24.25%, a decrease of 0.89 percentage points year-on-year. The breakdown of expenses showed sales, management, R&D, and financial expense ratios of 14.28%, 6.17%, 4.47%, and -0.66%, respectively [4]. Global Strategy and Competitive Edge - The company has established a channel network of approximately 6,000 partners across over 140 countries and regions, utilizing a tiered management model to effectively respond to global market demands [5]. - The service system includes 40 service centers worldwide and over 800 professional service partners, providing 24/7 technical support. The company has also launched the ACE engineer training program, with over 4,500 certified engineers globally [5]. Investment Outlook - Based on the 2025 H1 report, the company has adjusted its revenue forecasts for 2025-2027 to 4.028 billion, 4.682 billion, and 5.454 billion yuan, reflecting year-on-year growth rates of 10.0%, 16.2%, and 16.5%. The projected net profits for the same period are 266 million, 357 million, and 476 million yuan, with year-on-year growth rates of 127.2%, 34.3%, and 33.3% [6]. - The expected EPS for 2025-2027 is 0.72, 0.97, and 1.29 yuan, with corresponding PE ratios of 17.02x, 12.67x, and 9.51x based on the stock price of 12.25 yuan on August 27, 2025 [6].

Core Viewpoint - Abison announced a semi-annual distribution plan for 2025, proposing a cash dividend of 2 yuan per 10 shares, totaling approximately 73.82 million yuan, which represents 63.57% of the company's net profit, marking the 10th cash distribution since its listing [1][2]. Financial Performance - For the first half of 2025, Abison reported revenue of 1.819 billion yuan, a year-on-year increase of 1.15%, and a net profit of 116 million yuan, reflecting a year-on-year growth of 30.84%. The basic earnings per share were 0.3146 yuan, with a weighted average return on equity of 7.47% [2]. Dividend History - The company has a history of cash distributions since its listing, with the following key data: - June 30, 2025: 2 yuan per 10 shares, total cash of 74 million yuan, dividend yield of 1.80% - December 31, 2024: 1.5 yuan per 10 shares, total cash of 55 million yuan, dividend yield of 1.13% - December 31, 2023: 3 yuan per 10 shares, total cash of 109 million yuan, dividend yield of 1.89% - June 30, 2022: 15 yuan per 10 shares, total cash of 537 million yuan, dividend yield of 12.65% [2][4]. Industry Comparison - In the electronic industry, 34 companies announced their semi-annual distribution plans for 2025. The highest cash distribution was from Shengyi Technology at 972 million yuan, followed by Lens Technology and Kangguan Technology at 526 million yuan and 253 million yuan, respectively [3][4].

Core Viewpoint - Shenzhen Absen Optoelectronics Co., Ltd. announced a cash dividend distribution plan for the first half of 2025, proposing to distribute a total of 73,820,063.40 yuan in cash dividends to shareholders, with no stock dividends or capital reserve transfers [1][2]. Group 1: Profit Distribution Plan - The company reported a net profit of 40,699,736.06 yuan for the first half of 2025 and will allocate 4,069,973.61 yuan to statutory surplus reserves, leaving a cumulative undistributed profit of 695,957,642.23 yuan as of June 30, 2025 [1]. - The proposed cash dividend is 2 yuan per 10 shares, based on a total share capital of 369,100,317 shares [1][2]. Group 2: Reasonableness of the Cash Dividend Plan - The profit distribution plan complies with relevant regulations, including the "Guidelines for Cash Dividends of Listed Companies" and the company's articles of association, ensuring the interests of minority investors are considered [2]. - The plan has been approved by the company's board and supervisory committee but requires further approval from the shareholders' meeting [2]. Group 3: Other Considerations - The distribution plan takes into account the company's operational and long-term funding needs, indicating it will not significantly impact the company's operating cash flow or long-term development [2].

Group 1 - The board of directors of Shenzhen Absen Optoelectronics Co., Ltd. held its 30th meeting on August 26, 2025, with all 9 directors present, confirming the legality and validity of the meeting [1] - The board unanimously approved the 2025 semi-annual report, stating it accurately reflects the company's operational status without any false records or significant omissions [1][2] Group 2 - The board proposed a profit distribution plan for the first half of 2025, recommending a cash dividend of 2 yuan per 10 shares, totaling approximately 73.82 million yuan, with no stock dividends or capital reserves conversion [2] - The profit distribution plan requires approval from the shareholders' meeting, with the date to be announced later [2]

Core Insights - The company reported a revenue of 1.819 billion yuan for the first half of 2025, reflecting a year-on-year growth of 1.15% [1] - The net profit attributable to shareholders reached 116 million yuan, showing a significant year-on-year increase of 30.84% [1] - The net profit after deducting non-recurring gains and losses was 107 million yuan, which represents a substantial year-on-year growth of 90.64% [1] - The basic earnings per share (EPS) stood at 0.3146 yuan [1] - The company proposed a cash dividend of 2 yuan (including tax) for every 10 shares to all shareholders [1]

证券代码：300389 证券简称：艾比森 公告编码：2025-041 深圳市艾比森光电股份有限公司 关于 2025 年半年度利润分配预案的公告 特别提示： 深圳市艾比森光电股份有限公司（以下简称"公司"）以现有总股本 369,100,317 股为基数，向全体股东每 10 股派发现金红利 2 元（含税），合计派 发现金红利 73,820,063.40 元，不送红股，不以公积金转增股本。 一、审议程序 1、公司于 2025 年 8 月 26 日召开第五届董事会第三十次会议及第五届监事 会第二十五次会议，审议通过了《关于 2025 年半年度利润分配预案的议案》。 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。 本次利润分配预案符合《上市公司监管指引第 3 号——上市公司现金分红》 《深圳证券交易所上市公司自律监管指引第 2 号—创业板上市公司规范运作》 《公司章程》及《未来三年（2023 年-2025 年）股东回报规划》等规定，充分考 虑了中小投资者的利益，有利于全体股东共享公司经营成果，具备合法性、合规 性、合理性。本次利润分配预案已经公司第五届董事会第三十次会议 ...

Core Insights - The company reported a revenue of 1.819 billion yuan for the first half of 2025, representing a year-on-year growth of 1.15% [1] - The net profit reached 116 million yuan, showing a significant year-on-year increase of 30.84% [1] - The company plans to distribute a cash dividend of 2 yuan (including tax) for every 10 shares to all shareholders, without capitalizing reserves into share capital [1]

深圳市艾比森光电股份有限公司 2025 年半年度报告全文 深圳市艾比森光电股份有限公司 2025 年半年度报告 2025 年 8 月 1 深圳市艾比森光电股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人丁彦辉、主管会计工作负责人张玲容及会计机构负责人(会计 主管人员)曾燕声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本半年度报告如涉及未来计划等前瞻性陈述，该计划不构成公司对投资 者的实质承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应 当理解计划、预测与承诺之间的差异。敬请广大投资者关注，并注意投资风 险。 公司需遵守《深圳证券交易所上市公司自律监管指引第 4 号——创业板 行业信息披露》中的"LED 产业链相关业务"的披露要求： 公司面临的风险与应对措施详见本报告第三节"管理层讨论与分析"之 十"公司面临的风险和应对措施"。 公司经本次董事会审议通过的利润 ...