SBT(SH:688392) Xin Lang Cai Jing·2025-08-19 10:34Core Viewpoint - The company reported significant revenue and profit growth in the first half of 2025, driven by increased sales in ultrasonic equipment for new energy batteries and connector applications [1][2]. Financial Performance - In H1 2025, the company achieved revenue of 323 million yuan, a year-on-year increase of 32.50%, and a net profit attributable to shareholders of 58 million yuan, up 1005.12% [1]. - In Q2 2025, revenue reached 175 million yuan, reflecting a year-on-year growth of 42.46%, while net profit was 34 million yuan, increasing by 718.65% [1][2]. - The gross margin improved significantly, rising by 15.41 percentage points to 65.25%, and the net margin increased by 14.97 percentage points to 17.03% [3]. Product and Market Development - The company has seen a notable increase in sales of ultrasonic welding equipment and related products, contributing to the revenue growth [2]. - New products, including ultrasonic welding vibration monitoring systems and laser welding quality monitoring systems, have been successfully launched and are in mass production [2][4]. - The company has broken foreign monopolies in the connector field with its high-power ultrasonic torque welding machines, securing formal orders from clients [2]. Strategic Outlook - The company is focused on expanding its ultrasonic technology applications across various sectors, including new energy batteries, connectors, and semiconductors, which are expected to drive future growth [5]. - The anticipated recovery in lithium battery business and the growth in automotive and semiconductor sectors are expected to positively impact the company's performance in 2025-2026 [5]. - Forecasted net profits for 2025-2027 are 130 million, 200 million, and 290 million yuan, representing year-on-year growth rates of 54.9%, 52.9%, and 42.2% respectively [5].