CANNY(SZ:002367) Quan Jing Wang·2025-08-25 12:41Core Viewpoint - 康力电梯 demonstrates resilience and sustainable growth in a competitive elevator industry, with slight increases in revenue and net profit in the first half of 2025, supported by effective cost management and a solid order backlog [1][2]. Financial Performance - The company achieved operating revenue of 1.858 billion yuan in the first half of 2025, a slight increase of 0.02% year-on-year [1]. - The net profit attributable to shareholders reached 180 million yuan, reflecting a year-on-year growth of 2.29% [1]. - Basic earnings per share improved to 0.2254 yuan, up by 2.27% compared to the previous year [1]. Order Backlog and Growth Potential - 康力电梯's order reserve and policy benefits lay a solid foundation for future growth, with effective orders amounting to 7.020 billion yuan as of June 30, 2025 [1]. - Although the total new order amount saw a year-on-year decline, the number of new effective orders increased [1]. Policy and Market Opportunities - The company is expected to benefit from policies aimed at boosting housing supply, particularly through the renovation of old residential areas and the demand for existing housing updates [2]. - 康力电梯 has made significant progress in developing new markets and clients overseas, with a notable increase in large orders [2]. - The overseas business revenue reached 221 million yuan in the first half of 2025, marking a year-on-year growth of 54.94% [2]. Strategic Focus - The company's strategy focuses on enhancing core business competitiveness and achieving low-cost, high-efficiency operations, which is reflected in its solid profitability and order reserves [2].