Core Insights - The company reported a revenue of $2.242 billion for the first half of 2025, representing a year-on-year growth of 6.8% and a net profit of $63 million, which is a significant increase of 293.8% [1] - EBITDA for 1H2025 reached $230 million, showing a year-on-year growth of 16.8% [1] - New business orders totaled $1.5 billion, with strong demand from Chinese OEMs and a significant order for a full-size pickup platform in North America [1] Revenue and Profitability - Revenue distribution for 1H2025: North America accounted for 51%, Asia-Pacific for 31%, and Europe, Middle East, Africa, and South America for 18% [1] - Year-on-year revenue growth rates for these regions were 1.7% for North America, 15.5% for Asia-Pacific, and 9.4% for Europe, Middle East, Africa, and South America [1] - Profit margins for 1H2025 were 7.6% in North America, 16.9% in Asia-Pacific, and 8.8% in Europe, Middle East, Africa, and South America [1] Strategic Developments - The company opened a new factory in Changshu in January 2025, producing products such as REPS, DPEPS, SbW, RWS, and EMB [1] - Plans are in place to relocate the Liuzhou factory to a new site, expected to be operational in the first half of 2026, focusing on BEPS, CEPS, high-output CEPS, and mechanical steering systems, along with advanced laboratories and testing lanes [1] Future Projections - The company is projected to achieve a net profit of $146 million, $192 million, and $244 million for the years 2025, 2026, and 2027 respectively, with corresponding PE ratios of 15.22, 11.60, and 9.12 [2]
耐世特(01316.HK)：净利润同比高增长 新业务订单15亿美元