动力新科上半年减亏态势稳固 核心发动机业务多元突破

Core Viewpoint - The company has shown significant improvement in its financial performance, with a 56% reduction in net profit loss year-on-year, indicating a stabilization and recovery trend [1]. Group 1: Diesel Engine Business Growth - The company sold 86,265 diesel engines in the first half of 2025, achieving a year-on-year growth of 13.60%, significantly outperforming the industry average growth rate of 3.84% [2]. - The sales of diesel engines in external markets reached 43,600 units, marking a 32% increase and the highest level in nearly a decade [2]. - The company experienced substantial growth in various segments, with engine sales for construction machinery increasing by 39.0% and marine and power station engines rising by 48.8% [2]. - In the international market, self-exported engine sales surged by 83.4%, supported by the establishment of 18 new service networks overseas [2]. Group 2: New Power Generation and Renewable Energy Initiatives - The company is targeting opportunities in high-power generation equipment and the renewable energy sector, developing new products like the 17J mining truck and 12/16VK power station engines [3]. - The 2000kW generator set powered by the 16VK engine successfully passed certification, addressing industry challenges related to power fluctuations under partial load [3]. - The company's battery business has also seen growth, with sales of battery packs and electric drive bridges increasing by 86.6% year-on-year, aligning with national carbon neutrality strategies [3]. Group 3: Cost Control and Operational Quality Improvement - The company has optimized its operational quality, achieving an 11% reduction in manufacturing costs per unit and a 25% decrease in service costs per unit through smart manufacturing and lean management [4]. - The improvement in cost control has positively impacted the gross margin of the diesel engine business, providing stable profit support amid short-term fluctuations in heavy truck business performance [4]. - The company is expected to continue its upward trajectory in the second half of 2025, benefiting from ongoing industry recovery and strategic initiatives [4].