Willfar(SH:688100) Zheng Quan Zhi Xing·2025-07-29 16:33Core Viewpoint - The report highlights the financial performance and strategic direction of Willfar Information Technology Co., Ltd., emphasizing its focus on IoT, chip technology, and artificial intelligence to drive digital transformation in energy and smart city solutions [1][3][8]. Financial Performance - The company's net profit attributable to shareholders for the first half of 2025 was CNY 305,100,737.96, representing a 12.24% increase compared to CNY 271,823,688.69 in the same period last year [6]. - Total revenue for the first half of 2025 reached CNY 1,367,947,694.82, an increase of 11.88% from CNY 1,222,660,077.51 in the previous year [6]. - The company plans to distribute a cash dividend of CNY 2.5 per 10 shares, amounting to CNY 121,863,437.75, which is 39.94% of the net profit for the first half of 2025 [1]. Business Strategy - The company aims to enhance its core competitiveness by integrating IoT, chip technology, and AI, providing comprehensive digital solutions for energy and smart city management [3][9]. - Willfar Information is focusing on expanding its overseas business, particularly in ASEAN countries, the Middle East, and Africa, capitalizing on the demand for digital and intelligent infrastructure in these regions [3][8]. Industry Context - The global investment in power grids is expected to grow significantly, with a projected compound annual growth rate (CAGR) of 12% from 2022 to 2030, driven by the dual carbon goals and the need for new power systems [15][16]. - The State Grid of China announced a record investment of over CNY 650 billion in 2025, indicating a strong commitment to upgrading power infrastructure and enhancing digital capabilities [16][17]. - The integration of renewable energy sources into the power grid presents challenges, necessitating advancements in grid intelligence and information technology to manage the variability and ensure stability [18][19].