PRET(SZ:002324) Shang Hai Zheng Quan Bao·2025-08-21 20:40Core Viewpoint - The company reported significant growth in its financial performance for the first half of 2025, driven by strong demand in its modified materials and new energy sectors, with total revenue reaching CNY 4.09 billion, a 9.06% increase year-on-year [4][14]. Financial Performance - The company achieved total operating revenue of CNY 408,977.86 million, an increase of 9.06% compared to the same period last year [4][14]. - Operating profit was CNY 22,526.72 million, reflecting a 52.46% increase year-on-year [4][14]. - Total profit amounted to CNY 22,540.60 million, up 55.93% from the previous year [4][14]. - Net profit attributable to shareholders was CNY 20,729.14 million, marking a 43.94% increase compared to the same period last year [4][14]. Business Segments - The modified materials business saw a substantial increase in orders and production capacity, contributing to revenue growth [4][5]. - The new energy sector experienced a notable improvement, with square battery production in high demand and an increase in sodium-ion battery orders, leading to a 21.32% revenue growth in this segment [4][8]. Strategic Developments - The company is expanding its modified materials production bases, with new plants in Anhui and Tianjin expected to alleviate capacity constraints and enhance market share [5]. - The company is actively pursuing international expansion, with production facilities established in the US, Mexico, Thailand, and Poland to meet global customer demands [5]. - The company is focusing on applications of its products in emerging markets such as humanoid robots and low-altitude flight, with ongoing collaborations for product validation [5][6]. New Energy Initiatives - The company’s new production lines for square batteries are operating at full capacity, with plans to further meet overseas demand [8]. - The establishment of Guangdong Haishida Sodium Star Technology Co., Ltd. aims to accelerate the development of sodium-ion battery business, with sufficient orders in hand [8]. - The successful mass production of semi-solid batteries at the Zhuhai base is expected to positively impact the new energy segment's performance [8].