Ge Long Hui A P P·2025-08-25 07:27Core Viewpoint - Huachen Equipment shows steady revenue growth but faces short-term profit pressure due to increased R&D investment [1] Financial Performance - In the first half of 2025, the company achieved revenue of 267 million, a year-on-year increase of 19.16% [1] - The net profit attributable to the parent company was 34 million, a year-on-year decrease of 28.41% [1] - As of the end of the first half of 2025, the company's contract liabilities stood at 242 million, slightly down from the beginning of the year, indicating a good order situation [1] R&D Investment - The company has increased its R&D investment by 42.54% year-on-year, leading to a significant rise in the R&D expense ratio [1] - The focus of new product development includes humanoid robots and precision grinding in the semiconductor field [1] Investment Rating - The company is actively positioning itself in the screw processing equipment and semiconductor precision grinding sectors, maintaining an "overweight" rating [1]