福立旺疑为苹果新款AirPods招兵买马，董事长许惠钧36岁女儿任常务副总

Core Viewpoint - Fuliwang Company is expected to report a significant decline in net profit for the first half of 2025, with projections indicating a loss of approximately 17 million yuan, representing a year-on-year decrease of about 137.12% [1][2]. Financial Performance - The net profit attributable to the parent company for the same period last year was approximately 45.8 million yuan, with a net profit excluding non-recurring gains and losses of about 35.1 million yuan, resulting in an earnings per share of 0.19 yuan [2]. - For the first half of 2025, the company's main business revenue is estimated to be around 557 million yuan, reflecting a year-on-year growth of approximately 10%. However, the main business costs increased by about 87 million yuan, a year-on-year rise of approximately 24% [2]. Operational Challenges - The decline in performance is attributed to two main factors: the underproduction of the subsidiary Nantong Fuliwang, which incurred a loss of about 31.9 million yuan due to high depreciation and labor costs, and the increased operational costs associated with preparing for the demand from a major North American client [2]. - The company is anticipating a release of production capacity in the third quarter to meet the demand for new headphone projects from a major North American client, suspected to be Apple's new AirPods [3]. Company Background - Fuliwang Company specializes in the research, design, production, and sales of various springs, connectors, automotive sunroof components, and other hardware accessories [9]. - The company reported a revenue of approximately 1.285 billion yuan in 2024, marking a year-on-year increase of 29.6%, while the net profit attributable to the parent company was about 54.5 million yuan, a decrease of 38.38% [9].