Morn(SZ:002451) Quan Jing Wang·2025-08-26 03:09Core Insights - Moen Electric (002451) reported a significant revenue increase of 39.32% year-on-year, reaching 813 million yuan in the first half of 2025, primarily driven by increased sales of electromagnetic wire products [1][2] - The company's net profit attributable to shareholders was 5.71 million yuan, with basic earnings per share at 0.0130 yuan [1] Revenue Breakdown - The electromagnetic wire segment generated 663 million yuan, accounting for 81.54% of total revenue, with a remarkable growth of 65.03% compared to the same period last year [1] - The special cable segment achieved revenue of 99.38 million yuan, reflecting a year-on-year growth of 3.61% [2] Strategic Initiatives - Moen Electric has enhanced its core competitiveness through continuous technological accumulation, production process improvements, market expansion, and management model enhancements [1] - The company has established five major series of special cables, focusing on industrial automation, green energy, high-end equipment manufacturing, smart grid, and smart city electrical products [2] R&D Investments - The company invested 19.06 million yuan in research and development, marking a 16.21% increase year-on-year, and has established a comprehensive product R&D system [2] - Moen Electric has a recognized technology center and an academic workstation, emphasizing innovation and patent development in key and emerging industries [2] Production Capacity - Moen New Energy has significantly improved its production efficiency and capacity, with a theoretical production capacity exceeding 30,000 tons for various electromagnetic wire products [1]