民生证券给予思源电气推荐评级，2025年半年度业绩点评：25H1业绩增速亮眼，海外市场贡献显著

Group 1 - The core viewpoint of the article is that Minsheng Securities has given a "recommended" rating to Siyuan Electric (002028.SZ) based on its improving profitability and growth prospects [2] Group 2 - The company's profitability continues to improve, supported by a significant year-on-year increase in inventory, which is expected to drive future growth [2] - New products and markets in China are anticipated to contribute additional growth, while the overseas market maintains high growth and continuous improvement in profitability [2] - The company is actively cultivating new businesses in automotive electronics and flexible direct current technologies [2]