Avary Holding(SZ:002938) Zheng Quan Ri Bao·2025-08-13 06:13Core Viewpoint - Pengding Holdings (Shenzhen) Co., Ltd. reported significant growth in revenue and net profit for the first half of 2025, indicating strong performance across various business segments [2]. Group 1: Financial Performance - The company achieved operating revenue of 16.375 billion yuan, a year-on-year increase of 24.75% [2]. - The net profit attributable to shareholders was 1.233 billion yuan, reflecting a year-on-year growth of 57.22% [2]. Group 2: Business Segments - The communication board business generated revenue of 10.268 billion yuan, up 17.62% year-on-year, with a stable gross margin of 15.98% [2]. - The consumer electronics and computer board business saw revenue of 5.174 billion yuan, a 31.63% increase year-on-year, with a gross margin of 24.52%, up 2.80% from the previous year [2]. - The automotive and server board business experienced remarkable growth, with revenue reaching 805 million yuan, a staggering increase of 87.42% year-on-year [3]. Group 3: Research and Development - The company invested 1.072 billion yuan in R&D, accounting for 6.55% of operating revenue, focusing on new product development and market needs [4]. - Key advancements include dynamic bending FPC modules for foldable devices and high-performance HDI products for AI servers [4]. Group 4: Investment Projects - The first phase of the Thailand factory was completed in May 2025 and has begun trial production, primarily serving AI servers and optical communication sectors [5]. - The production line in Kaohsiung, Taiwan, has entered trial production, targeting high-end medical and industrial control markets [5]. - The first phase of the Huai'an San Park project is set to commence production by the end of 2024, enhancing the gross margin of related products [5].