YINLUN(SZ:002126) Xin Lang Cai Jing·2025-08-27 12:38Core Viewpoint - The company reported a revenue of 7.168 billion yuan for H1 2025, representing a year-on-year increase of 16.52%, and a net profit attributable to shareholders of 441 million yuan, up 9.53% year-on-year [1] Group 1: Financial Performance - The company's performance is generally in line with expectations [2] - The automotive business showed steady growth, with China's vehicle production and sales reaching 15.621 million and 15.653 million units respectively, up 12.5% and 11.4% year-on-year [2] - Passenger vehicle revenue for H1 2025 was 3.834 billion yuan, accounting for 53.48% of total revenue, with a year-on-year increase of 20.48% [2] - Commercial vehicle and non-road business revenue was 2.426 billion yuan, making up 33.84% of total revenue, with a year-on-year increase of 3.89% [2] Group 2: Business Growth Areas - The digital and energy business experienced rapid growth, with revenue reaching 692 million yuan, a year-on-year increase of 58.94% [3] - The company has established a 4+N product system focusing on data centers, energy storage, charging and swapping, and low-altitude aircraft [3] - In the robotics sector, the company has made significant progress in R&D and has formed strategic partnerships to enhance its competitive edge [3] Group 3: Future Projections - The company is expected to achieve revenues of 15.898 billion, 19.120 billion, and 22.424 billion yuan from 2025 to 2027, with net profits of 1.138 billion, 1.466 billion, and 1.680 billion yuan respectively [4] - Earnings per share (EPS) are projected to be 1.36, 1.76, and 2.01 yuan for the same period, with price-to-earnings (PE) ratios of 28, 22, and 19 times [4]