Ge Long Hui A P P·2025-08-15 08:19Core Viewpoint - The report from Dongwu Securities indicates that the recovery in downstream demand has led to a continuation of high growth in Yihua's performance for H1 2025, with a net profit attributable to shareholders of 282 million yuan, representing a year-on-year increase of 26.49% [1] Group 1: Company Performance - Yihua achieved a net profit of 282 million yuan in H1 2025, reflecting a year-on-year growth of 26.49% [1] - The company's performance has shown a recovery trend since Q1, primarily driven by strong demand in the new energy and automotive sectors [1] Group 2: Business Development - Yihua has deepened its FA (Factory Automation) business layout, successfully developing a product system that includes 199 major categories, 4,573 subcategories, and over 2.58 million SKUs [1] - The number of customers transacted by the company is expected to reach nearly 40,000 in 2024, with an increase of approximately 3,000 new customers compared to 2023 [1] Group 3: Future Growth Potential - The FB (Flexible Business) segment is anticipated to enter a rapid growth phase, supported by a production model that integrates "intelligent quoting system + automatic intelligent programming + flexible intelligent production line" to meet the market demand for numerous "long-tail orders" [1] - The company maintains a "buy" rating, indicating confidence in its growth trajectory [1]