咸亨国际预计今年上半年营收净利润实现双增长

Core Viewpoint - Xianheng International (605056) is expected to achieve a revenue of 1.58 billion yuan in the first half of 2025, representing a year-on-year growth of 33%, with net profit attributable to shareholders projected between 54 million and 66 million yuan, an increase of 27% to 55% year-on-year [1] Group 1: Financial Performance - The company anticipates a revenue of 1.58 billion yuan for the first half of 2025, marking a 33% increase compared to the previous year [1] - Net profit for the same period is expected to be between 54 million and 66 million yuan, reflecting a year-on-year growth of 27% to 55% [1] Group 2: Industry Trends - The trend of centralized procurement in MRO (Maintenance, Repair, and Operations) is gaining momentum as large enterprises increasingly outsource procurement to specialized suppliers [1] - MRO products account for only 10% of total procurement volume but consume about 80% of the procurement department's time and effort, highlighting the necessity of centralized procurement [1] - The MRO centralized procurement industry in China is expected to maintain growth in the near future due to the continuous emergence of large enterprises and the improvement of the manufacturing system [1] Group 3: Strategic Expansion - Xianheng International is actively expanding into emerging strategic industries such as oil and gas and power generation, leveraging successful experiences from the electric grid sector [2] - The revenue growth rates for strategic industries are projected to be 61% and 71% for 2023 and 2024, respectively, indicating strong growth momentum [2] - The company is investing in R&D to enhance its technological advantages, focusing on digital developments in the electric grid, including drone inspection platforms and specialized AI models [2] Group 4: Shareholder Engagement - The company has initiated a free experience program for all shareholders, expanding the scope to include Wuhan, enhancing investor returns [3] - Since its listing in 2021, the company has consistently implemented a high cash dividend ratio, maintaining over 60% annually [3] - The year 2025 is crucial for the company's five-year plan, with ongoing expansion in emerging strategic industries and the development of proprietary products and services laying a solid foundation for achieving annual operational goals [3]