Core Insights - The company reported a revenue of 7.877 billion RMB for the six months ending June 30, 2025, representing a year-on-year increase of 10.5% [1] - The profit for the same period was 307 million RMB, up 7.8% year-on-year, while the adjusted net profit reached 410 million RMB, reflecting a 14.6% increase [1] - The company maintained its position as the leading player in the independent automotive service market in China [1] Financial Performance - Total revenue for the first half of 2025 was 7.9 billion RMB, compared to 7.1 billion RMB in the same period of 2024, marking a 10.5% year-on-year growth [1] - Gross profit amounted to 2 billion RMB, with a gross margin of 25.2% [1] - Adjusted net profit for the first half of 2025 was 1.41 billion RMB, an increase of 14.6% compared to the same period in 2024 [2] Operational Efficiency - The company increased its sales and marketing expense ratio by 0.1 percentage points compared to the previous year, while optimizing operational and administrative expenses [2] - Total operating expenses, including adjusted operating and support expenses, R&D, sales and marketing, and general and administrative expenses, were 1.8 billion RMB, accounting for 22.4% of revenue, showing continued optimization from 2024 [2] - Free cash flow reached 347 million RMB, a 32.2% increase from the same period in 2024, with total cash reserves of approximately 7.5 billion RMB at the end of the reporting period [2]
收入端同比与环比的双向提速 途虎-W(09690)中期经调整净利润4.1亿元 同比增加14.6%