Core Insights - Long Magnetic Technology (300835.SZ) reported a total revenue of 591 million yuan for the first half of 2025, ranking 14th among disclosed peers [1] - The company's net profit attributable to shareholders was 85.25 million yuan, with a significant decrease in net cash flow from operating activities, down 89.84% year-on-year to 5.69 million yuan [1] Financial Performance - The latest asset-liability ratio stands at 49.90%, ranking 13th among peers, with an increase of 0.31 percentage points from the previous quarter and 0.39 percentage points from the same period last year [3] - The gross profit margin is reported at 31.25%, and the return on equity (ROE) is 7.39% [3] Efficiency Metrics - The diluted earnings per share (EPS) is 0.71 yuan [4] - The total asset turnover ratio is 0.25 times, ranking 14th among peers, showing a decrease of 0.01 times year-on-year, a decline of 2.24% [4] - The inventory turnover ratio is 0.86 times, ranking 16th among peers, with a decrease of 0.04 times year-on-year, a decline of 4.83% [4] Shareholder Structure - The number of shareholders is 18,300, with the top ten shareholders holding a total of 57.20 million shares, accounting for 47.92% of the total share capital [5] - The largest shareholder is Xiong Yonghong, holding 29.2% of the shares [5]

Core Viewpoint - Longi Technology (300835.SZ) reported its semi-annual results for 2025, highlighting an increase in institutional investor holdings and the presence of new public funds [1] Institutional Holdings - As of August 25, 2025, four institutional investors disclosed holdings in Longi Technology A-shares, totaling 2.2205 million shares, which represents 1.86% of the total share capital [1] - The institutional investors include China Industrial Bank Co., Ltd. - Huashang New Trend Preferred Flexible Allocation Mixed Securities Investment Fund, Huashan Quality Selection Mixed A, Multi-Strategy Flexible Allocation A, and Huashan Anhua Flexible Allocation Mixed A [1] - Compared to the previous quarter, the total institutional holding ratio increased by 0.47 percentage points [1] Public Fund Disclosures - In the current period, four new public funds were disclosed compared to the previous quarter, including Huashang New Trend Preferred Mixed, Huashan Quality Selection Mixed A, Multi-Strategy Flexible Allocation A, and Huashan Anhua Flexible Allocation Mixed A [1] - Two public funds that were not disclosed in the current period include Huashang Credit Enhancement Bond A and Huashan Strategy Preferred Mixed A [1]

Core Viewpoint - Long Magnetic Technology (300835.SZ) reported a continuous increase in revenue and net profit for the first half of 2025, indicating strong financial performance and growth potential in the industry. Financial Performance - The company's total revenue for the first half of 2025 was 591 million yuan, an increase of 35.37 million yuan compared to the same period last year, achieving a year-on-year growth of 6.36% [1] - The net profit attributable to shareholders was 85.25 million yuan, ranking 9th among disclosed peers, with an increase of 20.58 million yuan year-on-year, representing a growth of 31.82% [1] - Operating cash flow was 5.69 million yuan [1] Profitability Metrics - The latest gross profit margin was 31.25%, ranking 4th among disclosed peers, with a quarter-on-quarter increase of 0.40 percentage points and a year-on-year increase of 2.02 percentage points [2] - The return on equity (ROE) was 7.39%, ranking 2nd among disclosed peers, with a year-on-year increase of 1.22 percentage points [2] - The diluted earnings per share were 0.71 yuan, ranking 2nd among disclosed peers, with an increase of 0.17 yuan year-on-year, representing a growth of 31.34% [2] Operational Efficiency - The latest total asset turnover ratio was 0.25 times [2] - The latest inventory turnover ratio was 0.86 times [2] Shareholder Structure - The number of shareholders was 18,300, with the top ten shareholders holding 57.20 million shares, accounting for 47.92% of the total share capital [2] - The top shareholder, Xiong Yonghong, held 29.2% of the shares [2] Financial Stability - The latest debt-to-asset ratio was 49.90% [3]

Group 1 - The company did not distribute cash dividends, issue bonus shares, or increase capital from reserves during the reporting period [2] - There were no changes in the controlling shareholder or actual controller during the reporting period [3] - The company does not have any preferred shareholders or related situations during the reporting period [3] Group 2 - All directors attended the board meeting that reviewed the report [1] - The company does not require retrospective adjustments or restatements of previous accounting data [2] - There are no significant matters reported during the period [3]

Summary of the Conference Call Company and Industry Overview - The conference call primarily discusses **Long Magnetic Technology** and the **AI chip inductors and capacitors industry**. The industry is experiencing exponential growth driven by the demand for electronic components in AI technologies, particularly in AI servers and autonomous vehicles [2][3]. Key Points and Arguments Industry Demand and Trends - The demand for electronic components such as inductors and capacitors in AI servers is significantly higher than in traditional servers, with requirements for miniaturization, high capacity, and high frequency [2][3]. - The AI chip inductor and capacitor industry is in a rapid development phase, benefiting from the explosive growth of AI technology. For instance, the number of electronic components required for autonomous vehicles is over ten times that of non-autonomous vehicles, and AI servers require 12 times more inductors and capacitors than traditional servers [3]. - The high barriers to entry in this market mean that only a few suppliers dominate, leading to high profit margins and a focus on R&D capabilities [3]. Company Performance - Long Magnetic Technology reported record high performance in the first half of 2025, with significant revenue and net profit growth from its overseas base, particularly in Vietnam, where revenue increased from 69 million yuan to 90 million yuan year-on-year [2][14]. - The overall gross margin improved to 33.87%, up 3.3 percentage points from the previous year, despite increased sales and management expenses [14]. Technological Advancements - The power supply process for servers involves multiple conversions, with the most critical step being the reduction from 12V to 1V, which requires high stability and performance [5]. - Infineon's new vertical power supply solution improves efficiency by 5%, significantly impacting data center operating costs [5]. - Vertical power supply technology is expected to become mainstream in the next two years, enhancing efficiency and reducing space requirements for high-power applications [8][11]. Product Innovations - The new TRVR (TLVR) chip inductors have stronger voltage regulation capabilities and smaller sizes, with a value increase of 2-3 times compared to previous generations [2][9]. - The high-end AI inductor market is projected to reach $4-5 billion by 2026, with Long Magnetic Technology holding a significant share in the automotive power supply sector [3][18]. Market Competition - Long Magnetic Technology holds approximately 60-70% of the global market share in automotive power supplies, while its AI inductor business is still in the early stages of customer engagement and small-scale delivery [19][20]. - The company faces competition from international giants like TDK and Murata but leverages cost advantages and superior service to attract customers [39]. Future Outlook - The global AI power consumption is expected to grow from 1.5% to 4.5% of total power consumption within three years, indicating a substantial increase in demand for high-performance components [10][11]. - Long Magnetic Technology aims to expand its market presence in AI inductors and automotive inductors, which are anticipated to become new growth points [24][32]. - The company plans to increase its total production capacity to 60,000 tons, with the Vietnam base expected to continue driving significant revenue growth [33][23]. Additional Important Insights - The vertical power supply technology is recognized as a new trend, with companies like Google already implementing it, leading to increased demand for related components [42]. - The challenges in high-power material development include material simulation and processing technology, which require advanced R&D capabilities [13]. - Long Magnetic Technology's ability to use proprietary materials gives it a competitive edge in the market, allowing for better responsiveness to customer needs [34]. This summary encapsulates the key insights from the conference call, highlighting the growth potential and competitive landscape of Long Magnetic Technology and the AI chip inductor and capacitor industry.

智通财经APP讯，龙磁科技(300835.SZ)发布2025年半年度报告，报告期内，公司实现营业收入5.91亿 元，同比增长6.36%。实现归属于上市公司股东的净利润8525.2万元，同比增长31.82%。实现归属于上 市公司股东的扣除非经常性损益的净利润7640.73万元，同比增长35.97%。基本每股收益0.7142元。 ...

格隆汇8月25日丨龙磁科技(300835.SZ)公布2025年半年度报告，上半年公司实现营业收入5.91亿元，同 比增长6.36%；归属于上市公司股东的净利润8525.20万元，同比增长31.82%；归属于上市公司股东的扣 除非经常性损益的净利润7640.73万元，同比增长35.97%；基本每股收益0.7142元。 ...

非经营性资金占用及其他关联资金往来情况汇总表 2025年半年度 | 编制单位：安徽龙磁科技股份有限公司 | | | | | | | | | | 单位：万元 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资金占用 | 资金占用方名称 | 占用方与上市公司的 关联关系 | 上市公司核算的会 计科目 | 2025年半年度期初 占用资金余额 | 2025年半年度占用累计 发生金额 （不含利息） | 2025年半年度占用 资金的利息 （如有） | 2025年半年度偿 还累计发生金额 | 2025年半年度期末 占用资金余额 | 占用形成原因 | 占用性质 | | 控股股东、实际控制人及 | | | | | | | | | | | | 其附属企业 | | | | | | | | - | | | | 小 计 | - | - | - | - | - | - | - | - | | | | 前控股股东、实际控制人 及其附属企业 | | | | | | | | - | | | | 小 计 | - | - | - | - | - ...

安徽龙磁科技股份有限公司 2025 年半年度报告全文 安徽龙磁科技股份有限公司 2025 年半年度报告 2025-038 2025 年 8 月 26 日 1 安徽龙磁科技股份有限公司 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。 公司负责人熊永宏、主管会计工作负责人卢玉平及会计机构负责人(会计 主管人员)郭辉声明：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。 受到风险、不明朗因素及假设的影响，本报告中基于对未来政策和经济 的主观假定和判断而作出的前瞻性陈述，均不构成公司对投资者的实质承诺， 请投资者注意投资风险。公司在本报告"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"部分描述了公司未来经营中可能面临的风险以及 公司的应对措施，敬请广大投资者注意查阅。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 第一节 | 重要提示、目录和释义 | 2 | | --- | ...

Group 1 - The stock price of Longmag Technology is reported at 60.10 yuan as of August 21, 2025, with a decline of 3.92 yuan, representing a drop of 6.12% from the previous trading day [1] - The stock opened at 63.50 yuan, reached a high of 64.70 yuan, and a low of 59.76 yuan, with a trading volume of 91,400 hands and a transaction amount of 562 million yuan [1] - Longmag Technology specializes in the research, production, and sales of high-performance permanent magnet ferrite materials, which are widely used in automotive, home appliance, and industrial motor sectors [1] Group 2 - Longmag Technology is included in a stock recommendation list circulated by Sun Xiaoya, the chief analyst of Tianfeng Securities, which led to a 7.72% increase in the stock price on August 7 due to heightened market attention [1] - Sun Xiaoya later clarified that some of the recommended stocks were not covered by her team and disbanded the related client group to prevent market overinterpretation [1] Group 3 - On August 21, the net outflow of main funds for Longmag Technology was 47.2936 million yuan, accounting for 0.96% of its circulating market value [1] - Over the past five trading days, the cumulative net outflow reached 84.5010 million yuan, representing 1.71% of its circulating market value [1]