Core Viewpoint - The company reported a strong revenue growth of 20.71% year-on-year for the first half of 2025, driven by robust performance in various sectors including home appliances and automotive components [1][3]. Financial Performance - For the first half of 2025, the company achieved a revenue of 1.958 billion yuan, with a net profit attributable to shareholders of 186 million yuan, reflecting an increase of 8.45% year-on-year [1]. - In Q2 2025, the company recorded a revenue of 1.050 billion yuan, a year-on-year growth of 16.62%, but the net profit attributable to shareholders decreased by 6.13% [1]. - The gross margin for the first half of 2025 was 27.20%, down by 1.71 percentage points year-on-year, while the net profit margin was 9.51%, a decrease of 1.08 percentage points [2]. Segment Performance - Revenue from home appliances, automotive components, industrial control, and medical and sports health sectors for H1 2025 was 1.119 billion, 379 million, 254 million, and 123 million yuan respectively, with year-on-year growth rates of 5.09%, 63.72%, 34.49%, and 30.91% [1]. - The automotive components segment benefited from accelerated production of laser radar motors and electric air conditioning compressor motor components [1]. Research and Development - The R&D expense ratio for H1 2025 was 4.43%, showing a slight decrease of 0.24 percentage points year-on-year, indicating stable R&D investment [2]. - The company has secured multiple clients for its automotive laser radar motors, including Hesai, BYD, and SUTENG, and is developing laser radar optoelectronic module products [2]. Investment Outlook - The company is positioned as a leading player in the global micro-motor industry, with strong performance and technological capabilities across various sectors [3]. - Revenue projections for 2025-2027 are 4.286 billion, 5.206 billion, and 6.295 billion yuan, with net profits expected to be 370 million, 462 million, and 575 million yuan respectively [3].

Meeting Announcement - Jiangsu Leili Electric Motor Co., Ltd. will hold its second extraordinary general meeting of shareholders on September 17, 2025, at 14:30 [1] - The meeting will include both on-site and online voting options for shareholders [2][12] Voting Procedures - Shareholders can vote through the Shenzhen Stock Exchange trading system or the internet voting system, with specific time slots for each [1][12] - The voting will be conducted in a non-cumulative manner, and the first vote will be considered valid in case of duplicate votes [2][12] Shareholder Rights - All shareholders registered by the cut-off date of September 11, 2025, at 15:00 are entitled to attend the meeting and vote [2][3] - Shareholders can appoint proxies to attend the meeting and vote on their behalf [2][3] Agenda Items - The meeting will discuss several proposals related to the issuance of convertible bonds to unspecified objects, including feasibility studies and the use of raised funds [4][5][9] - Specific proposals include the conditions for issuing convertible bonds, the plan for issuance, and the analysis report on the use of funds [4][5][9] Registration Requirements - Individual shareholders must present identification and shareholder account cards for registration, while corporate shareholders must provide additional documentation [6][7] - Registration can be done via on-site, mail, or fax, but not by phone [6][7] Contact Information - For inquiries, shareholders can contact the company through provided phone numbers, fax, and email [7]

证券代码：300660 证券简称：江苏雷利 公告编号：2025-067 江苏雷利电机股份有限公司 关于召开 2025 年第二次临时股东会的通知 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。 江苏雷利电机股份有限公司（以下简称"公司"）第四届董事会第八次会议 审议通过了公司向不特定对象发行可转换公司债券（以下简称"本次发行"）的 相关议案，并审议通过了《关于暂不召开股东会的议案》，决定暂不召开审议本 次发行事宜的股东会，待公司相关工作及事项准备完成后，公司董事会将另行发 布召开股东会的通知。 根据公司第四届董事会第八次会议决议，公司决定于 2025 年 9 月 17 日（星 期三）召开 2025 年第二次临时股东会。现将本次会议有关事项公告如下： 一、召开会议的基本情况 1、股东会届次：2025 年第二次临时股东会。 2、股东会的召集人：江苏雷利电机股份有限公司董事会。 （2）网络投票时间：2025 年 9 月 17 日 其中，通过深圳证券交易所（以下简称"深交所"）交易系统网络投票时间 为：2025 年 9 月 17 日 9:15 至 9:25、9:30 至 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% compared to the benchmark index [5][12]. Core Views - The company has shown strong performance in the first half of 2025, with revenue reaching 1.958 billion yuan, a year-on-year increase of 20.71%. The net profit attributable to shareholders was 186 million yuan, reflecting an 8.45% increase year-on-year [1]. - The company is a leader in the micro-motor sector, with a diverse business portfolio across home appliances, automotive, and medical industries. The report expresses optimism about the company's long-term growth prospects [5]. Summary by Sections Financial Performance - In H1 2025, the company achieved revenue of 1.958 billion yuan, up 20.71% year-on-year. The net profit attributable to shareholders was 186 million yuan, with a year-on-year increase of 8.45% [1]. - For Q2 2025, revenue was 1.050 billion yuan, a 16.62% increase year-on-year, while net profit attributable to shareholders decreased by 6.13% to 93 million yuan [1]. Segment Performance - Revenue from home appliances, automotive parts, industrial control, medical, and sports health segments reached 1.119 billion, 379 million, 254 million, and 123 million yuan respectively, with year-on-year growth rates of 5.09%, 63.72%, 34.49%, and 30.91% [2]. - The automotive parts segment benefited from accelerated production of new energy vehicle laser radar motors and electric air conditioning compressor motor components [2]. Profitability and Costs - The company's gross margin and net profit margin for H1 2025 were 27.20% and 9.51%, respectively, showing a slight decline of 1.71 and 1.08 percentage points year-on-year [3]. - The R&D expense ratio remained stable at 4.43%, with a slight decrease of 0.24 percentage points year-on-year [3]. Product Development and Client Acquisition - The automotive laser radar motor has secured multiple clients, including Hesai, BYD, and Suton, while the company is developing laser radar optoelectronic module products [4]. - In the field of embodied intelligence, various products are in prototype testing and customer sampling stages, with recent upgrades to high-load servo electric hands [4]. Future Outlook - The company is projected to achieve revenues of 4.286 billion, 5.206 billion, and 6.295 billion yuan for 2025, 2026, and 2027, respectively, with net profits of 370 million, 462 million, and 575 million yuan [5]. - The expected EPS for the same years is 0.83, 1.03, and 1.29 yuan, with corresponding P/E ratios of 62.32, 49.82, and 40.05 [5].

Core Viewpoint - Jiangsu Leili Electric Motor Co., Ltd. held a specific investor research event, discussing its business performance and future plans with various institutional investors [1] Financial Performance - In the first half of 2025, the company achieved revenue of 1.958 billion yuan, a year-on-year increase of 20.71% - The net profit attributable to shareholders was 186 million yuan, up 8.45% year-on-year - The net profit excluding non-recurring items was 176 million yuan, reflecting a year-on-year growth of 3.67% - The company distributed cash dividends of 166 million yuan for the 2024 fiscal year, with a dividend payout ratio of 56.4% [1] Business Segment Performance - The home appliance segment saw a revenue increase of 5.09% year-on-year, with strong sales in brushless motors for air conditioners and ice-making machines - The automotive parts segment experienced significant growth, with a revenue increase of 63.72%, driven by laser radar motors and automotive compressor motors being adopted by major enterprises - The industrial control segment's revenue grew by 34.49%, primarily due to the supply of high-efficiency industrial water pump motors to North American water treatment clients [2] Product Development and Market Expansion - In the automotive parts segment, laser radar prism motors and galvanometer motors have begun bulk supply to clients such as TuDatong and BYD, with rapid revenue growth in air conditioning compressor motors and related products - The company aims to enhance its market share in micro-special motors and components within the next 2-3 years, establishing this as a second core business pillar - Laser radar motor products have entered the supply chains of several mainstream automotive companies, with ongoing product upgrades and the development of optical-electromechanical integration technologies [2] R&D and International Expansion - The company's subsidiary, Zhongke Lingxi, launched two dexterous hands and control systems in May, followed by smart upgrades and high-load servo cylinders in August - The company is collaborating on the development of axial flux motors for emerging fields, with products expected to enter mass production in agriculture, new energy vehicles, and special equipment this year - Internationally, the company has established R&D, marketing platforms, and manufacturing bases in multiple countries, with a factory in Vietnam set to complete expansion in 2024 and a factory in Mexico expected to commence production in 2025 [3]

Financial Performance - Jiangsu Leili achieved revenue of 1.958 billion CNY in the first half of 2025, a year-on-year increase of 20.71% [2] - The net profit attributable to shareholders was 186 million CNY, up 8.45% year-on-year [2] - The non-recurring net profit was 176 million CNY, reflecting a growth of 3.67% [2] - The company distributed cash dividends of 166 million CNY for the 2024 fiscal year, with a dividend payout ratio of 56.4% [2] Business Segment Performance - The home appliance segment saw a revenue increase of 5.09% year-on-year, with significant sales growth in brushless motors for air conditioners and ice-making machines [2] - The automotive parts segment experienced a remarkable revenue growth of 63.72%, with products like laser radar motors and automotive compressor motors gaining traction among major clients [2][3] - The industrial control segment's revenue grew by 34.49%, driven by high-efficiency energy-saving industrial water pump motors supplied to North American clients [2] Future Development Plans - The automotive parts segment aims to enhance market share in micro-special motors and components, targeting it as the second core business pillar after home appliances within the next 2-3 years [3] - The company is advancing the development of laser radar motors for various applications, including consumer and industrial sectors [4] - Jiangsu Leili is focusing on the development of axial flux motors, which promise higher power density and efficiency compared to traditional radial motors, with plans for mass production in emerging fields [5] Global Expansion - The company has established R&D and manufacturing bases in North America, Europe, Southeast Asia, South Korea, and Hong Kong to enhance its global operational framework [6] - The Vietnam factory expansion was completed in 2024, and the Mexico factory commenced operations in 2025, ensuring supply stability for North American clients [6] - New production bases are being set up in Malaysia and Thailand, with expected mass production by the end of the year [6]

证券日报网讯江苏雷利（300660）8月29日在互动平台回答投资者提问时表示，截至2025年8月20日，公 司股东总户数为53493户。 ...

Group 1 - The company reported a total operating revenue of 1.958 billion yuan and a net profit attributable to shareholders of 186 million yuan for the first half of 2025 [1] - The net cash inflow from operating activities was 143 million yuan, which represents a decrease of 55.39 million yuan or 27.98% compared to the same period last year [1] Group 2 - The latest debt-to-asset ratio is 40.42%, which is an increase of 2.16 percentage points from the previous quarter and an increase of 2.99 percentage points from the same period last year [3] - The latest gross profit margin is 27.20%, a decrease of 1.71 percentage points compared to the same period last year [4] - The latest return on equity (ROE) is 5.39% [4] - The diluted earnings per share are 0.42 yuan [4] Group 3 - The latest total asset turnover ratio is 0.30 times, ranking 11th among disclosed peer companies [4] - The latest inventory turnover ratio is 1.64 times, ranking 16th among disclosed peer companies, which is a decrease of 0.17 times or 9.30% compared to the same period last year [4]

Group 1 - Jiangsu Leili (SZ 300660) announced the convening of its fourth board meeting on August 28, 2025, to discuss the semi-annual profit distribution proposal for 2025 [1] - For the year 2024, Jiangsu Leili's revenue composition is as follows: home appliance motors and components account for 61.34%, automotive parts account for 17.39%, industrial control motors and components account for 11.91%, medical and sports health motors and components account for 6.83%, and others account for 2.52% [1]

智通财经APP讯，江苏雷利(300660.SZ)发布2025年半年度报告，该公司营业收入为19.58亿元，同比增 长20.71%。归属于上市公司股东的净利润为1.86亿元，同比增长8.45%。归属于上市公司股东的扣除非 经常性损益的净利润为1.76亿元，同比增长3.67%。基本每股收益为0.4166元。 ...