Core Viewpoint - Yuan Zheng Technology (02488.HK) reported significant growth in its mid-year performance for 2025, driven by the application of smart algorithms and AI technology, with a revenue of 982 million yuan, a 10% increase year-on-year, and a net profit of 196 million yuan, a 28% increase year-on-year [1][2]. Financial Performance - The company's revenue for the first half of 2025 reached 982 million yuan, marking a 10% year-on-year growth [2][3]. - Net profit for the same period was 196 million yuan, reflecting a 28% increase compared to the previous year [2][3]. Business Segments - Overseas business achieved record revenue of 746 million yuan, accounting for 76% of total revenue, benefiting from digital operations and AI applications [1][2]. - The company connected its automotive diagnostic equipment to over 390 million vehicles globally, generating an average of 1.05 million diagnostic reports daily [1][5]. R&D and Innovation - Yuan Zheng Technology strengthened its R&D efforts, obtaining 21 authorized invention patents in the first half of 2025, with R&D personnel constituting approximately 49% of the total workforce [1][4][5]. - The company launched an AI-driven intelligent repair assistant, integrated into its web platform and diagnostic app, achieving over 90% accuracy in fault diagnosis [4]. Market Expansion - The company’s overseas market has become a core growth driver, with a 50% increase in equipment shipments to 300,000 units in 2024, and overseas markets contributing 72% of revenue [3]. - The North American market accounted for 40% of revenue, with a year-on-year growth of 35% [3]. Cost Management - The ratio of main business costs to revenue decreased by 1% in the first half of 2025, with total expenses (management, R&D, sales, and financial) accounting for approximately 30% of main business revenue [3]. Customer Engagement - The company reported a 28% year-on-year increase in customer software purchases, totaling 104 million yuan, and a 53% increase in remote diagnostic service purchases, amounting to 8.7 million yuan [5]. - The active user base for automotive diagnostic devices reached over 3.5 million annually, with approximately 1.3 million active users in China and around 1 million in the U.S. [5].
元征科技AI驱动半年赚1.96亿 海外业务创新高收入占比76%