DMEGC(SZ:002056) Xin Lang Cai Jing·2025-08-26 00:37Group 1 - The company achieved a revenue of 11.936 billion yuan in H1 2025, representing a year-on-year growth of 24.75%, with a net profit attributable to shareholders of 1.02 billion yuan, up 58.94% year-on-year [1] - In Q2 2025, the company reported a revenue of 6.713 billion yuan, showing a year-on-year increase of 25.87% and a quarter-on-quarter growth of 28.55%, with a net profit of 562 million yuan, up 94.8% year-on-year and 22.69% quarter-on-quarter [1] Group 2 - In the photovoltaic business, the company shipped 13.4 GW in H1 2025, a year-on-year increase of over 65%, with a gross margin of 16.70%, up 5.29 percentage points year-on-year, driven by full production and sales of overseas battery capacity and strict cost control [2] - The magnetic materials business shipped 107,300 tons in H1 2025, with a gross margin of 27.71%, an increase of 1.22 percentage points year-on-year, maintaining a leading market position and expanding into new product areas [2] - The lithium battery business shipped over 300 million units in H1 2025, a year-on-year growth of 12.25%, with a gross margin of 12.90%, up 2.06 percentage points year-on-year, benefiting from product iteration and cost optimization [2] Group 3 - The company reported a period expense ratio of 2.99% in H1 2025, a decrease of 5.13 percentage points year-on-year, mainly due to fluctuations in financial expenses and changes in R&D project expenditures [3] - The company anticipates achieving a net profit attributable to shareholders of 2 billion yuan in 2025, corresponding to a PE ratio of approximately 14 times, maintaining a "buy" rating [3]