光启技术半年报出炉：营收净利双增，超材料产品收入大增47%

Core Insights - The company reported a revenue of 943 million yuan for the first half of 2025, representing a year-on-year growth of 10.70% [1] - The net profit attributable to shareholders reached 386 million yuan, with a year-on-year increase of 6.75%, marking seven consecutive years of growth in both revenue and profit [1] Production and Capacity Expansion - The company achieved significant results in capacity expansion, with revenue from the mass production of metamaterials reaching 936 million yuan, a year-on-year increase of 47.35%, setting a historical record [1] - The ramp-up of the second phase of the 709 base's production capacity is progressing smoothly, with new capacity starting delivery in mid-May after being put into operation in October of the previous year [1] - Inventory increased by over 70% year-on-year and over 40% quarter-on-quarter, indicating early success from the expansion at the 709 base [1] Contracts and R&D Investment - The company signed contracts for mass production of metamaterial products totaling approximately 780 million yuan with two clients, providing stable support for capacity release [1] - R&D investment increased by 14.83% year-on-year, enhancing the company's core competitiveness and potentially solidifying its leading position in the metamaterials industry [1] Market Expansion - In addition to focusing on aerospace and marine equipment, the company is actively expanding into emerging sectors such as low-altitude economy, new energy vehicles, and robotics [2] - The company is constructing an advanced low-altitude drone industry chain headquarters in Leshan, and has successfully conducted test flights of a self-developed fixed-wing metamaterial low-altitude drone [2]