Core Viewpoint - The company reported a significant increase in total revenue and net profit for the six months ending June 30, 2025, driven by diversified business operations and a strong performance in overseas markets [1][3]. Financial Summary - Total revenue reached RMB 769.15 million, a year-on-year increase of 16.8% [3]. - Gross profit was RMB 230.87 million, reflecting a growth of 10.3% compared to the previous year [3]. - Profit before tax was RMB 27.92 million, up by 3.2% year-on-year [3]. - Net profit amounted to RMB 22.57 million, representing a 15.9% increase from the prior period [3]. Overseas Market Growth - The overseas market experienced explosive growth, with export revenue reaching RMB 38 million, expanding into 14 emerging markets including Southeast Asia, the Middle East, Central Asia, Africa, and South America [4]. - The establishment of a wholly-owned subsidiary in Tashkent, Uzbekistan, marked a significant step in the company's global expansion, achieving rapid customer engagement and vehicle procurement [5]. - The upgrade of the subsidiary in Horgos strengthened the supply chain support for the Central Asian market, laying a solid foundation for future growth [6]. External Market Dynamics - The external environment has accelerated the growth of overseas business, with China's new energy vehicle exports surging by 71.3% in the first half of 2025 [7]. - Policy support, including the online streamlining of export licenses and the removal of loan limits for new energy vehicles, has provided a robust foundation for the company's international strategy [7]. - The demand for ride-hailing compliance in Central Asia and the rapid adoption of new energy vehicles in the Middle East and Southeast Asia have created significant growth opportunities [7]. Domestic Business Performance - Despite the focus on international markets, the company maintained steady growth domestically, expanding its self-operated sales network from 89 to 110 locations [8]. - Strategic cooperation with Tuhu Car Maintenance has deepened, with service points exceeding 7,000 across major cities, enhancing customer experience [8]. Digital Transformation and New Business Initiatives - The company is accelerating its digital transformation, increasing the number of digital employees to 139 and achieving a 60% automation rate in credit approval processes [9]. - The launch of a smart tax platform has enabled full-process automation for financial and tax operations, supporting cross-border compliance [9]. - A subsidiary focused on low-altitude economy has received operational certification, with plans to implement applications in logistics and inspections [9]. Future Outlook - The chairman emphasized the commitment to accelerating overseas market expansion, particularly in Central Asia, while enhancing domestic channels and digital applications [10]. - The internationalization strategy is viewed as a core driver of future performance [10].
喜相逢集团2025中期业绩:海外业务爆发式增长 成业绩核心驱动力