Core Insights - Jiangsu Kangliyuan Sports Technology Co., Ltd. reported a revenue of 252 million yuan and a net profit of 29.28 million yuan for the first half of 2025, with a significant increase in net cash flow from operating activities by 86.31% to 48.52 million yuan [1][2]. Financial Performance - The company achieved a revenue of 228 million yuan from indoor fitness equipment with a gross margin of 34.94% and 21.32 million yuan from outdoor fitness equipment with a gross margin of 26.66% [1]. - Domestic revenue amounted to 67.56 million yuan with a gross margin of 32.58%, while overseas revenue reached 185 million yuan with a gross margin of 35.02% [1]. Business Strategy - The company is transitioning from traditional equipment to smart equipment, integrating features such as body composition monitoring and exercise feedback, creating a cycle of "measure-evaluate-guide-train" [2]. - Kangliyuan is also shifting towards a service-oriented manufacturing model, leveraging "Internet + fitness equipment + services" to expand into smart gyms and health integration projects [2]. Production and Market Expansion - A new factory in Malaysia is set to commence production, enhancing the company's production layout to better address international trade uncertainties and expand into markets in Southeast Asia, the Middle East, Australia, and New Zealand [2]. Dividend Announcement - The company announced a cash dividend of 1.80 yuan per 10 shares, totaling 12 million yuan, which represents 40.98% of the net profit attributable to shareholders for the first half of 2025 [2].
康力源上半年实现营业收入2.52亿元 海外工厂即将投产