宏发股份: 宏发股份：关于落实2025年度“提质增效重回报”行动方案的半年度评估报告

Core Viewpoint - The company has successfully implemented its 2025 "Quality Improvement, Efficiency Enhancement, and Return to Shareholders" action plan, achieving significant growth in revenue and profit despite external challenges [1][2]. Group 1: Financial Performance - The company reported a revenue of 8.347 billion yuan, representing a year-on-year increase of 15.43% [1] - The net profit attributable to shareholders reached 964 million yuan, up 14.19% year-on-year [1] - The net profit excluding non-recurring gains and losses was 927 million yuan, reflecting a growth of 17.85% [1] - The per capita sales collection efficiency improved to 654,000 yuan, an increase of 8.9% year-on-year [1] Group 2: Business Growth and Market Position - The company's relay products experienced solid growth, with stable market share and no significant weaknesses in downstream sectors [2] - The demand for signal relays in key application areas has increased, leading to rapid growth compared to the previous year [2] - The company’s weak current automotive relay business benefited from the domestic market and the rise of independent brands, achieving rapid growth [2] - The high-voltage direct current series products showed significant competitive advantages, aligning with the upgrading demands of downstream markets [2] Group 3: Strategic Initiatives - The company is committed to its "75+" strategy, focusing on high-quality development in its core relay business while also promoting the growth of five new product categories [3] - The company has invested over 600 million yuan in technological upgrades, establishing flexible and automated production lines [5] - The company has completed 462 new product development projects, achieving a completion rate of 90% [5] Group 4: Investor Relations and Governance - The company emphasizes stable cash dividends, having distributed cash dividends for eleven consecutive years, with a payout of 0.515 yuan per share [4] - The company has enhanced its investor communication strategies, ensuring a 100% response rate to investor inquiries [6] - The company has improved its governance structure by refining its "three meetings" system and ensuring compliance with legal regulations [7][8]