利通科技：上半年营收净利润双增 技术研发与市场拓展双线突破

Core Viewpoint - Lituo Technology reported steady growth in the first half of 2025, with significant increases in revenue and net profit, while making breakthroughs in technology research and market expansion, laying a solid foundation for long-term development [1]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 237 million yuan, a year-on-year increase of 7.29% - The net profit attributable to shareholders was 52.68 million yuan, up 13.87% year-on-year, indicating improved cost control and product profitability - The net cash flow from operating activities was 63.68 million yuan, an increase of 18.72% year-on-year, reflecting continuous optimization of cash flow management - As of the end of June, total assets amounted to 881 million yuan, with net assets attributable to shareholders reaching 701 million yuan, a growth of 4.03% from the beginning of the period - The asset-liability ratio decreased to 20.52%, down 3.38 percentage points from the end of the previous year, indicating a more robust financial structure and enhanced risk resistance [1]. Research and Development - R&D was a core highlight for the company in the first half of the year, focusing on fluid technology, polymer materials, and ultra-high pressure equipment - R&D expenses amounted to 12.50 million yuan, a year-on-year increase of 14.84% - The company established strategic cooperation in polymer materials application technology at its Qingdao R&D base, strengthening its technical barriers and core competitiveness - The company completed sample trials for various nuclear power hoses, with performance meeting requirements, and initiated preparations for trial use in nuclear power units [2]. Market Expansion - The company was officially included in the first-level material supplier system of China National Petroleum Corporation, with approved products covering high-pressure drilling hose series - Participation in 8 exhibitions in the first half of the year, including 3 domestic and 5 international, effectively broadened customer channels - Experts from a Shanghai nuclear engineering research institute and related units recognized the company's strength in the design and development of non-metallic hoses and components during a project review meeting - The company aims to provide comprehensive efficient solutions for fluid transportation, nuclear power pipelines, shale oil and gas drilling pipelines, and other applications, while continuing to enhance core competitiveness and move towards becoming a comprehensive service provider [3].