Smarter Energy(SH:600869) Chang Jiang Shang Bao·2025-08-03 23:32Core Viewpoint - Far East Holdings (600869.SH) has reported a significant increase in contract orders, indicating strong business performance and a positive outlook for future earnings [1][4]. Group 1: Order Backlog - In July 2025, the company secured contracts exceeding 10 million yuan, totaling 2.814 billion yuan, a year-on-year increase of 42.62% compared to 1.973 billion yuan in July 2024 [2]. - From January to July 2025, the total contract orders exceeded 18.167 billion yuan, marking an 18.77% year-on-year growth and setting a historical record [2]. - The order amounts for the three main business segments are 14.695 billion yuan for smart cables, 1.586 billion yuan for smart batteries, and 1.886 billion yuan for smart airports, all showing year-on-year growth [2]. Group 2: Business Development - The company is enhancing its market share in smart cables and making breakthroughs in AI, robotics, nuclear power, and submarine cable sectors [2]. - In the nuclear cable sector, the company is the only domestic entity meeting the requirements for the "Hualong One" project, having been applied in over 30 nuclear power units [3]. - The company is also focusing on high-end smart battery solutions and expanding its overseas presence, with growth in large-scale storage, commercial, and residential storage sectors [3]. Group 3: Financial Performance - In the first half of 2025, the company expects to achieve a net profit of between 120 million yuan and 200 million yuan, marking a turnaround from previous losses [6]. - The company reported a revenue of 26.094 billion yuan in 2024, a 6.66% increase year-on-year, but faced a net loss of 31.8 million yuan due to losses in the smart battery segment and other investment issues [6]. - The company has been actively repurchasing shares, with a total expenditure of 102 million yuan for repurchasing 19.454 million shares as of July 31, 2025 [6].