WLY(SZ:002434) Zheng Quan Shi Bao Wang·2025-08-21 11:51Core Viewpoint - Wanliyang (002434) reported a revenue of 2.69% growth year-on-year for the first half of 2025, with a significant increase in net profit by 50.24% and a remarkable cash flow growth of 220.35% [1] Group 1: Financial Performance - The company achieved an operating income of 2.812 billion yuan, a year-on-year increase of 2.69% [1] - The net profit attributable to shareholders reached 277 million yuan, reflecting a year-on-year growth of 50.24% [1] - The net cash flow from operating activities was 290 million yuan, showing a substantial increase of 220.35% year-on-year [1] - Basic earnings per share stood at 0.21 yuan [1] Group 2: Business Segments - The automotive transmission and components business generated 2.52 billion yuan in revenue, up 5.34% year-on-year [1] - The energy storage and electricity trading business reported revenue of 127 million yuan, marking a significant growth of 96.27% [1] - Wanliyang is the first domestic company to cover both commercial and passenger vehicle markets, with production capabilities for manual and automatic transmissions [1] Group 3: New Energy Initiatives - The company is focusing on the development of EV reducers and various electric drive systems to adapt to the rapid growth of the new energy vehicle market [2] - Revenue from pure electric vehicle EV reducers increased by 117% year-on-year, driven by advanced gear processing technology and integrated design [2] - Wanliyang is expanding its market presence in non-road transmission and drive systems to enhance its sustainable development capabilities [2] Group 4: Robotics Development - Wanliyang established Zhejiang Wanliyang Robotics Technology Co., Ltd. to focus on the R&D and industrialization of precision transmission products for robotics [3] - The company has initiated the development of six products for two customers, utilizing automotive industry standards for design [3] - The industrialization of production capabilities is underway, incorporating automotive-grade standards in various aspects such as production environment and quality control [3]