深圳老牌电子公司，半年还债近7亿，股价暴涨7倍

Core Viewpoint - Shenzhen Tongzhou Electronics has shown a remarkable turnaround in its financial performance, achieving significant revenue and profit growth in the first half of 2025, primarily driven by its high-power power supply products and a strategic focus on overseas markets [1][4][12]. Financial Performance - The company reported total operating revenue of 540 million yuan, a year-on-year increase of 606.52% [1]. - The net profit attributable to shareholders reached 203 million yuan, up 662.77% compared to the previous year [1]. - The net cash flow from operating activities was -115 million yuan, compared to 2.03 million yuan in the same period last year, largely due to investor compensation and supplier repayments [1][12]. Business Segments - The main business segments are divided into two areas: energy sector and set-top box sector. The energy sector includes high-power power supply products, lithium batteries, and energy storage solutions, while the set-top box sector includes satellite receiving equipment and digital TV solutions [8]. - The energy sector generated 508 million yuan in revenue, a significant increase of 961.39%, while the set-top box sector saw a decline in revenue to 2.49 million yuan, down 76.28% [8]. Market Trends and Strategy - The company is focusing on high-power power supply products, which are essential for data centers and cloud computing, leading to increased demand [9]. - The high-power power supply business generated 487 million yuan in revenue with a gross margin of 45.78%, a new product line for the company [9]. - The energy sector's revenue share increased from 62.60% to 94.04%, while the set-top box sector's share dropped from 13.76% to 0.46% [9]. Stock Performance - The stock price has surged over seven times in the past year, closing at 10.99 yuan per share, compared to 1.38 yuan a year ago [5][13]. - The company successfully removed its delisting risk warning and changed its stock name from "*ST Tongzhou" to "Tongzhou Electronics" on June 17, 2025 [4][13]. Shareholder Activity - The current general manager increased his shareholding by over 52 million shares, bringing his total stake to 11.09%, second only to the largest shareholder [13]. - The company has been actively seeking new growth points through partnerships and resource acquisition in various sectors, including chips and servers [13]. International Business - The overseas business accounted for 90.23% of total revenue, with a staggering year-on-year growth of 14,579.41% [1][13]. - The company acknowledges the risks associated with importing raw materials and potential currency fluctuations, indicating plans to use financial tools to mitigate these risks [14].