DEREN(SZ:002055) Sou Hu Cai Jing·2025-08-27 09:45Core Insights - Derun Electronics (SZ002055) reported a turnaround in its financial performance for the first half of 2025, achieving profitability compared to the previous year [1][2] Financial Performance - The company's revenue for the first half of 2025 was 2.116 billion yuan, a decrease of 21.00% year-on-year [1] - Net profit attributable to shareholders was 52.06 million yuan, marking a significant increase of 154.98% from a loss of 946.94 million yuan in the same period last year [1] - The net profit after deducting non-recurring gains and losses was 43.14 million yuan, up 137.43% year-on-year [1] - Basic earnings per share were 0.0861 yuan, compared to a loss of 0.1567 yuan in the previous year [1] - The company's total assets at the end of the reporting period were 5.146 billion yuan, a slight decrease of 0.74% from the end of the previous year [1] Profitability Metrics - Gross margin for the first half of 2025 was 21.10%, an increase of 4.42 percentage points year-on-year [2] - Net profit margin improved to 2.44%, up 9.15 percentage points from the previous year [2] Expense Management - Total operating expenses for the first half of 2025 were 363 million yuan, a reduction of 250 million yuan compared to the same period last year [2] - The expense ratio decreased to 17.14%, down 5.75 percentage points year-on-year [2] - Sales expenses decreased by 26.78%, management expenses by 46.83%, R&D expenses by 30.82%, and financial expenses by 43.70% [2] Company Background - Derun Electronics, established on April 10, 1992, is located in Shenzhen, Guangdong Province, and specializes in the production and sales of various electronic connector products [5] - The company was listed on July 25, 2006, and its main products include connectors for home appliances, precision electronic connectors, precision molds, and automotive connectors [5]