HANDLER(SZ:300201) Zheng Quan Zhi Xing·2025-08-16 23:19Core Viewpoint - The company Helen Zhe (300201) reported strong financial performance for the first half of 2025, with significant increases in revenue and net profit compared to the previous year [1][2]. Financial Performance - Total revenue for the first half of 2025 reached 803 million yuan, a year-on-year increase of 53.86% [1]. - Net profit attributable to shareholders was 83.67 million yuan, up 63.42% year-on-year [1]. - In Q2 2025, total revenue was 457 million yuan, reflecting a 53.17% increase compared to the same quarter last year [1]. - Q2 net profit attributable to shareholders was 55.03 million yuan, showing a substantial increase of 92.45% year-on-year [1]. Key Financial Ratios - Gross margin was 30.94%, down 5.55% year-on-year [1]. - Net margin improved to 10.97%, an increase of 10.07% year-on-year [1]. - Total operating expenses (sales, management, and financial expenses) amounted to 122 million yuan, accounting for 15.23% of revenue, a decrease of 7.47% year-on-year [1]. - Earnings per share (EPS) increased to 0.09 yuan, a rise of 71.43% year-on-year [1]. Cash Flow and Receivables - The company had a significant amount of accounts receivable, with accounts receivable to net profit ratio reaching 414.58% [1][2]. - Cash and cash equivalents increased to 387 million yuan, a 133.77% rise year-on-year [1]. Business Growth Drivers - The growth in revenue was primarily driven by an increase in sales orders, particularly in high-altitude operation vehicles and emergency power supply vehicles, which reached record levels [3]. - The rental industry, especially for high-altitude operation vehicles, showed strong performance, maintaining sales revenue comparable to the previous year [4].