Mentech(SZ:002902) Zheng Quan Shi Bao Wang·2025-08-18 11:41Group 1 - The company reported a revenue of 806 million yuan for the first half of 2025, representing a year-on-year growth of 0.84%, while the net profit attributable to the parent company after deducting non-recurring gains and losses was -78 million yuan, indicating a reduced loss compared to the same period last year [1] - The core business of magnetic components achieved a sales growth of 11.9%, further expanding the company's market influence, benefiting from the high demand in the new energy and AI sectors [1] - The government’s guidelines to address "involution" competition and the revision of the Anti-Unfair Competition Law have started to show positive effects on industry governance, which is expected to help the company’s performance recover in the second half of the year [1] Group 2 - The AI market's continuous growth is expected to provide strong momentum for the company's performance in the second half of the year, as the demand for data processing and transmission is surging due to AI's deep penetration into vertical industries [1] - The company’s two core businesses, magnetic components and optical communication products, account for 77.36% of total revenue, and their growth potential is closely linked to the development trends in the AI hardware market [2] - The company has launched several high-performance products, including the 800GDR8 optical module and intelligent DCDU, to meet the increasing performance demands of the AI market [2] Group 3 - The company’s subsidiary, Meitan, launched the CherminR series cycling equipment, which received positive feedback from professionals and consumers [3] - The company completed the acquisition of a 60% stake in ABB Electric Transportation, further solidifying its leading position in the charging pile market [3] - The collaboration with ABB Electric Transportation is expected to enhance business synergy and gradually release scale benefits, contributing to the company's performance growth [3]