GreatStar(SZ:002444) Mei Ri Jing Ji Xin Wen·2025-08-26 14:25Core Viewpoint - The company has shown resilience in adapting to challenges posed by the U.S. "reciprocal tariffs" by increasing R&D efforts and expanding its global customer base, particularly in the electric tools segment, which has become a significant growth driver [2][10][11]. Financial Performance - In the first half of 2025, the company achieved a revenue of 7.03 billion yuan, representing a year-on-year growth of 4.87%, while the net profit attributable to shareholders was 1.27 billion yuan, up 6.63% [3][4]. - The company reported a basic earnings per share of 1.0656 yuan, compared to 0.9994 yuan in the same period last year [4]. Segment Performance - The hand tools segment generated revenue of 4.62 billion yuan, a growth of 1.64%, with a gross margin of 31.46%, down 0.54 percentage points [6]. - The electric tools segment saw significant growth, with revenue reaching 742 million yuan, up 56.03%, and a gross margin of 28.99%, an increase of 2.18 percentage points [6]. - The industrial tools segment reported revenue of 1.63 billion yuan, a slight increase of 0.12%, with a gross margin of 34.78%, up 0.14 percentage points [6]. Strategic Initiatives - The company is focusing on the development of electric tools and expanding its global footprint, particularly in the U.S. and Europe, while also enhancing its e-commerce capabilities [9]. - R&D investment in the first half of 2025 amounted to 175 million yuan, with over 1,000 new products designed [9]. - The company plans to establish new manufacturing facilities in Southeast Asia and Latin America to mitigate the impact of U.S. tariffs, aiming to shift 70%-80% of its U.S. exports to these regions [11]. Market Dynamics - The U.S. remains the largest single market for the company, but the imposition of tariffs has created uncertainty for long-term growth strategies [11]. - The company has developed a comprehensive global production and supply chain management system, allowing it to respond quickly to market demands and fulfill large orders [10].