萤石网络上半年实现营收28.27亿元，净利润比增长7.38%

Core Viewpoint - The company, Yingzi Network, reported a steady growth in its H1 2025 performance, with total revenue reaching 2.827 billion yuan, a year-on-year increase of 9.45%, and a net profit attributable to shareholders of 302 million yuan, up 7.38% from the previous year [3][4][5]. Financial Performance - Total revenue for H1 2025 was 2.827 billion yuan, compared to 2.583 billion yuan in the same period last year, reflecting a growth of 9.45% [4]. - The net profit attributable to shareholders was 302 million yuan, an increase of 7.38% from 282 million yuan in the previous year [3][4]. - The net profit after deducting non-recurring gains and losses was 298 million yuan, up 7.69% year-on-year [3][4]. - The net cash flow from operating activities was 329.92 million yuan, a significant increase of 911% compared to the previous year [3][4]. - As of the end of H1 2025, total assets amounted to approximately 8.416 billion yuan, a 0.75% increase year-on-year, while net assets attributable to shareholders were about 5.524 billion yuan, up 0.55% [3][4]. Key Financial Ratios - Basic earnings per share for H1 2025 were 0.38 yuan, a 5.56% increase from 0.36 yuan in the same period last year [5]. - The weighted average return on equity was 5.40%, an increase of 0.15 percentage points from the previous year [5]. - Research and development expenses accounted for 14.95% of total revenue, a decrease of 1.40 percentage points compared to the previous year [5]. Business Development - The company has focused on enhancing its smart home product line, particularly in the smart lock sector, with the launch of the self-developed Yingzi Qiming AI facial recognition video lock [6]. - During the 2025 618 promotional period, the company's smart locks achieved a top 4 market share in online sales, indicating strong brand competitiveness [6]. - The company has strengthened its domestic and international retail channel matrix, with over 50% of mainstream products sold through online channels as of June 30, 2025 [7]. - Internationally, the company reported a revenue growth of 25.42%, with overseas business accounting for 38% of total revenue [7].