雷柏科技：上半年营收利润双降，海外销售收入下滑20%

Core Insights - The company reported a revenue of 208 million yuan for the first half of 2025, representing a year-on-year decline of 5.13% [1] - Net profit attributable to shareholders was 15.3 million yuan, down 28.56% year-on-year [1] - The core business of computer peripherals generated revenue of 187 million yuan, a decrease of 5.56% year-on-year [1] Revenue Breakdown - Overseas sales revenue fell sharply to 65.87 million yuan, a decline of 20.25% year-on-year, attributed to unmet sales expectations in Europe [1] - Domestic sales revenue showed a slight increase of 3.98%, but this was insufficient to offset the decline in overseas sales [1] Profitability and Costs - The gross margin decreased by 3.68 percentage points, which was a significant factor in the overall performance decline [1] - Financial expenses increased by 65.24% due to exchange rate fluctuations leading to foreign exchange losses [1] Research and Development - R&D expenses decreased to 11.56 million yuan, down 4.84% year-on-year, contrasting with the company's strategic focus on wireless gaming technology [1] - The R&D expense ratio was only 5.55%, despite the launch of new products featuring self-developed V+Wireless2.0 technology [1]