热威股份：8月25日召开业绩说明会，投资者参与

Core Viewpoint - The company, Hotway Co., Ltd. (603075), is focusing on expanding its business in three main segments: consumer electric heating components, new energy vehicle heating components, and industrial/commercial heating components, with a strong emphasis on technological development and market expansion [1][2]. Business Segments - The company reported stable growth across all three business segments in the first half of 2025, driven by market expansion, new product development, and optimization of production processes [1]. - The consumer electric heating components segment is increasing its product categories and regional market share [1]. - The new energy vehicle heating components segment is enhancing its technological research and application while expanding its domestic and international customer base [1]. - In the industrial/commercial heating components sector, the company aims to deepen cooperation with leading industry clients and explore different technological applications [1]. Financial Performance - For the first half of 2025, the company achieved a total revenue of 985 million yuan, representing an 8.91% year-on-year increase, and a net profit attributable to shareholders of 161 million yuan, up 14.27% year-on-year [2]. - The second quarter of 2025 saw a revenue of 531 million yuan, a 9.21% increase year-on-year, and a net profit of approximately 91.78 million yuan, reflecting a 9.98% year-on-year growth [2]. - The company's gross profit margin stands at 31.75%, with a debt ratio of 30.47% [2]. Market Expansion and Strategy - The company is actively pursuing an internationalization strategy, with ongoing efforts to expand its overseas business despite challenges such as inflation and high interest rates affecting international revenue growth [1][2]. - The company is evaluating potential new production bases in Europe and North America based on market demand and future developments [2]. Innovation and R&D - The company is committed to continuous investment in smart manufacturing and automation to enhance efficiency [1]. - It plans to apply for new core patents as needed based on development requirements and technological reserves [1]. Product Development - The company is developing energy-saving technologies and compact designs for high-end household electric heating components, including heat pump water heaters and smart kitchen appliances [1].