Core Viewpoint - Tuya Smart-W (2391.HK) experienced a significant stock price increase of 18.24%, reaching a new high of 24.24 HKD since April 1, 2025, driven by strong financial performance in Q2 2025 [1] Financial Performance - Total revenue for Q2 2025 was 80.1 million USD, representing a year-on-year growth of approximately 9.3% [1] - Platform as a Service (PaaS) revenue was 58.1 million USD, with a year-on-year increase of about 7.0% [1] - Software as a Service (SaaS) and other revenue amounted to 11.1 million USD, showing a year-on-year growth of approximately 15.6% [1] - Smart solutions revenue reached 10.9 million USD, reflecting a year-on-year increase of about 16.7% [1] - Net profit for the period was 12.6 million USD, a substantial year-on-year rise of approximately 302.4% compared to 3.1 million USD in Q2 2024 [1] - Net profit margin improved to 15.7%, an increase of 11.4 percentage points year-on-year [1] Management Commentary - The CEO of Tuya, Wang Xueji, highlighted the company's robust profitability and business growth in the first half of 2025, despite uncertainties in the global trade environment and ongoing supply chain pressures in the consumer electronics sector [1] - The company reported a year-on-year revenue growth of approximately 15% for the first half of 2025, with a non-GAAP operating profit increase of about 127%, showcasing the resilience of its business model and effective operational leverage [1]
港股异动丨涂鸦智能大涨18% 股价创近5个月新高 Q2净利同比劲增302.4%