Sytech(SH:600183) Sou Hu Cai Jing·2025-08-19 10:55Core Viewpoint - Shengyi Technology (SH600183) reported significant double-digit growth in both revenue and profit for the first half of 2025, indicating strong operational performance and financial health [1][2]. Financial Performance - The company's revenue for the first half of 2025 reached CNY 12.68 billion, a year-on-year increase of 31.68% compared to CNY 9.63 billion in the same period last year [1][2]. - Total profit amounted to CNY 1.84 billion, reflecting a 68.85% increase from CNY 1.09 billion year-on-year [1][2]. - Net profit attributable to shareholders was CNY 1.43 billion, up 52.98% from CNY 932 million in the previous year [1][2]. - The net profit after deducting non-recurring items was CNY 1.38 billion, a 51.68% increase compared to CNY 908 million last year [1][2]. - The basic earnings per share stood at CNY 0.59 [2]. Profitability Metrics - The gross profit margin for the first half of 2025 was 25.86%, an increase of 4.29 percentage points year-on-year [2]. - The net profit margin improved to 12.80%, up 2.64 percentage points from the previous year [2]. Expense Analysis - Total operating expenses for the first half of 2025 were CNY 1.47 billion, an increase of CNY 436 million compared to the same period last year [2]. - The expense ratio was 11.59%, up 0.85 percentage points year-on-year [2]. - Sales expenses increased by 52.40%, management expenses rose by 47.90%, R&D expenses grew by 36.49%, and financial expenses increased by 5.04% [2]. Asset and Equity Position - As of the end of the reporting period, net assets attributable to shareholders were CNY 15.18 billion, a 1.86% increase from CNY 14.90 billion at the end of the previous year [2]. - Total assets reached CNY 29.79 billion, reflecting a 7.77% increase from CNY 27.64 billion at the end of the previous year [2].