南都电源：2025年上半年，公司营业收入约39.23亿元

Core Viewpoint - The company reported a significant decline in revenue for the first half of 2025, primarily due to strategic transformation and proactive production cuts in the recycled lead segment, but showed signs of recovery in the second quarter with a return to profitability [1] Financial Performance - Revenue for the first half of 2025 is approximately 3.923 billion yuan, a decrease of 1.8 billion yuan year-on-year [1] - The net profit attributable to the parent company is approximately -230 million yuan, compared to a profit of 185 million yuan in the same period last year [1] - The company achieved a single-quarter profit of approximately 34 million yuan in the second quarter, indicating a turnaround in operational performance [1] Cash Flow and Operational Improvement - The net cash flow from operating activities for the first half of the year is 590 million yuan, an improvement of nearly 1 billion yuan compared to -400 million yuan in the previous year [1] - The overall improvement in operational performance is attributed to the successful strategic transformation and adjustments in product structure, alongside market growth in the industry [1]