凯因科技：上半年净利润4738.32万元 同比增长11.75%

Core Viewpoint - Kaiyin Technology (688687) reported a decline in revenue for the first half of 2025, while net profit showed an increase, indicating a mixed financial performance driven by cost reduction and efficiency improvements [1] Financial Performance - The company's operating revenue for the first half of 2025 was 566 million yuan, representing a year-on-year decrease of 5.05% [1] - The net profit attributable to shareholders was 47.38 million yuan, reflecting a year-on-year growth of 11.75% [1] Factors Influencing Performance - The increase in net profit was primarily due to the implementation of the Jinshuxi and Kaiyin Yisheng centralized procurement policies [1] - Continuous efforts in cost reduction and efficiency enhancement contributed to a decrease in overall sales input ratio and an increase in gross profit margin, further improving profitability [1]