常润股份上半年净利润同比增长23.98%

Core Insights - Changrun Automotive Parts Co., Ltd. reported a revenue of 1.4 billion yuan and a net profit of 107 million yuan for the first half of 2025, marking a year-on-year growth of 23.98% [1] - The company plans to distribute a cash dividend of 0.57 yuan per 10 shares, totaling 10.83 million yuan [1] Global Strategy - The production launch of the Thailand base is a significant step in the company's globalization strategy, with plans to expand production capacity and fulfill new orders from the North American market [1] - The company has over a hundred SKUs and is actively increasing its production scale [1] E-commerce Development - Changrun's cross-border e-commerce business is rapidly growing, with nearly 100,000 square feet of smart warehousing established in the U.S. [1] - The total number of SKUs on platforms like Amazon and Walmart has surpassed 2,500, with an increasing penetration rate of its own brand online [1] Product Innovation - The acquisition of a 60% stake in Suzhou Kejun New Materials Technology Co., Ltd. allows the company to enter the fast-repair tire market for new energy vehicles [1] - The related products are already being supplied to several new energy vehicle manufacturers, including Seres and Lantu [1] Future Outlook - Analysts express optimism about Changrun's future development prospects, driven by the ongoing capacity release from the Thailand base and the expansion of the new energy maintenance equipment market [2] - The company's model of "overseas capacity + digital channels + technological reserves" is showing initial success, with expectations for stable growth in future performance [2]