立达信: 2025年半年度报告

Core Viewpoint - Leedarson IoT Technology Inc. reported a decline in net profit and total assets for the first half of 2025, while maintaining a focus on digital transformation and optimizing its global business layout to adapt to challenging market conditions [8][10]. Company Overview and Financial Indicators - The company generated revenue of approximately CNY 3.04 billion in the first half of 2025, a 2.01% increase from the previous year [2]. - Total profit decreased by 51.72% to CNY 70.33 million, and net profit attributable to shareholders fell by 53.64% to CNY 69.15 million [2][8]. - The company's total assets were CNY 6.57 billion, down 1.66% year-on-year, while net assets attributable to shareholders decreased by 3.21% to CNY 3.66 billion [2][8]. Business Segments - The company operates in two main segments: lighting and IoT (Internet of Things) [3][4]. - The lighting business focuses on general lighting applications, while the IoT segment includes smart lighting, smart control, and security products [3][4]. Industry Situation - The lighting industry faced challenges in the first half of 2025, with exports declining by approximately 6% year-on-year, marking the lowest performance in five years [6][7]. - The IoT industry is evolving towards higher levels of device interconnectivity and intelligence, with significant growth opportunities in smart manufacturing and healthcare applications [7][8]. Operational Strategy - The company is implementing a dual strategy of brand manufacturing and optimizing its global supply chain to enhance delivery capabilities and customer service [8][10]. - A focus on digital transformation and the development of a digital operating platform (DOP) is aimed at improving operational efficiency and profitability [10][12]. Research and Development - The company emphasizes R&D as a core driver of growth, investing heavily in innovative technologies related to LED lighting and IoT [11][12]. - It has established a comprehensive R&D framework, including a national-level technology center and various industry awards for design excellence [11][12]. International Expansion - The company is enhancing its international presence, particularly in Thailand, to mitigate risks associated with trade policies and to strengthen its supply chain [8][13]. - Local subsidiaries in the U.S., Japan, and Germany are improving the company's ability to provide localized services and expand its market reach [13].