FORYOU(SZ:002906) Zhong Zheng Wang·2025-08-20 07:09Core Insights - Huayang Group reported a revenue of 5.311 billion yuan for the first half of 2025, representing a year-on-year growth of 26.65% [1] - The net profit attributable to shareholders reached 341 million yuan, an increase of 18.98% compared to the previous year [1] - The basic earnings per share were 0.65 yuan, reflecting an 18.18% year-on-year growth [1] Revenue Breakdown - The automotive electronics segment generated 3.788 billion yuan in revenue, up 23.37% year-on-year, driven by strong sales of electronic rearview mirrors, cockpit domain controllers, and in-vehicle cameras [1] - The precision die-casting business achieved revenue of 1.292 billion yuan, a significant increase of 41.32% year-on-year, primarily due to rising demand for precision die-cast parts used in automotive intelligence components and new energy vehicle power systems [1] Market Position and R&D - The company maintains a leading market position in core products, with its HUD (Head-Up Display) holding the top market share domestically and second globally for in-vehicle wireless charging products [2] - Customer structure has improved, with significant revenue contributions from clients such as Changan, BAIC, Xiaomi, and Stellantis Group [2] - R&D investment totaled 440 million yuan, accounting for 8.29% of revenue, with notable achievements including the domestic mass production of virtual panoramic display products [2] Capacity Expansion - The company is expanding its automotive electronics business with new facilities in Huizhou and Shanghai, while also advancing projects for precision die-casting in Changxing and Jiangsu [2] - Overseas business development is ongoing with subsidiaries in Thailand and Mexico [2]