CEM(SZ:002980) Quan Jing Wang·2025-08-25 14:35Core Viewpoint - Despite the challenges posed by global trade tensions and a complex international environment, the company has demonstrated resilience in its mid-year performance, achieving a revenue of 349 million yuan, a year-on-year increase of 4.91% [1] Financial Performance - The company reported a net profit attributable to shareholders of 60.52 million yuan, remaining stable compared to the same period last year, after accounting for share-based payment expenses of 17.04 million yuan [1] Supply Chain and Production Capacity - To mitigate potential trade friction risks and meet growing overseas demand, the company has increased investments in its Vietnam production base, which began construction in the second half of 2024 and achieved large-scale shipments by July 2025 [2] - The domestic subsidiary, Jiangxi Huasheng New Energy, completed its production base, equipped with automated storage production lines and other core equipment, achieving an annual production capacity of 2 GW for energy storage products [2] Product Development and Innovation - The company has maintained high investment in R&D, with expenditures reaching 41 million yuan, an increase of 18.73% year-on-year, enabling the launch of high-performance products recognized in the market [7] - New product releases in the first half of the year included a comprehensive range of energy quality detection solutions and AI-enabled monitoring systems, expanding the product matrix and application scenarios [4][5] AI Integration and Strategic Initiatives - AI has become a core focus in the company's new product development, enhancing automation and data analysis capabilities, which is expected to improve measurement technology and operational efficiency [5][6] - The establishment of new companies focused on deep sensing technology and AI glasses development aims to provide customized "AI + sensor" integrated devices for various industries [6] Market Position and Future Outlook - The company's high-end product strategy has shown positive results, with significant revenue growth in specialized instruments and medical diagnostic equipment, indicating a successful transition towards high value-added products [7] - The ongoing shifts in the international environment present strategic opportunities for the company to capitalize on domestic substitution trends and AI technology advancements, positioning it for sustainable growth [8]