Huaqin Technology (SH:603296) Shang Hai Zheng Quan Bao·2025-08-27 18:29Core Viewpoint - The company reported significant growth in revenue and net profit for the first half of 2025, driven by business expansion and increased product shipments in the context of global smart terminal development and data infrastructure construction [4][5]. Financial Performance - The company achieved operating revenue of 839.39 billion, representing a year-on-year increase of 113.06% [4]. - The net profit attributable to shareholders was 18.89 billion, with a year-on-year growth of 46.3% [4]. Business Segments - The company has diversified its product structure across various sectors, including smart terminals, high-performance computing, automotive and industrial products, and AIoT, contributing to stable overall performance [5][6]. - Revenue from high-performance computing reached 506.29 billion, while smart terminal revenue was 268.02 billion, both showing significant growth compared to the previous year [7]. R&D Investment - The company invested 29.63 billion in R&D during the first half of the year, marking a 30.14% increase year-on-year, with a cumulative investment of 148 billion over the past three years [8]. Global Expansion - The company is enhancing its global manufacturing capabilities with a dual supply system, establishing manufacturing bases in Dongguan and Nanchang, as well as overseas in Vietnam, Mexico, and India [8]. - Plans to issue H-shares and list on the Hong Kong Stock Exchange are underway, which could strengthen its competitive position in the global market [9].