Financial Performance - The company reported a total revenue of 355 million yuan for the first half of 2025, representing a year-on-year increase of 16.79% [1] - The net profit attributable to shareholders reached 68.24 million yuan, up 24.2% year-on-year [1] - The gross margin improved to 49.31%, an increase of 4.04% compared to the previous year, while the net margin rose to 19.24%, up 6.34% [1] - The company’s cash assets are healthy, with cash and cash equivalents increasing by 131.62% to 734 million yuan [2] Business Strategy and Market Position - The company focuses on high-value-added products and avoids price wars by enhancing product performance through technological innovation [6] - The company is a key supplier of precision current sensing resistors, benefiting from the growing demand for high-precision, miniaturized products in the consumer electronics sector [6][9] - The company has successfully onboarded major domestic consumer electronics brands, which has contributed to revenue growth and market share expansion [3] Innovation and Competitive Advantage - The company has established significant technical barriers in the production of ultra-small alloy resistors through optimized processes and equipment [7][8] - The company employs a three-layer structure for its precision current sensing resistors, which differentiates its products from traditional resistors [8] - The company has a strong track record of responding quickly to customer needs and maintaining high-quality standards, which enhances customer trust and loyalty [9] Future Outlook - The company anticipates steady growth, particularly in the consumer electronics sector, while also exploring opportunities in other potential markets [4] - The rapid development of intelligent terminals (I terminals) is expected to create more opportunities for the company's products, as these devices require low-resistance, high-power, and high-precision current sensing resistors [9]
钧崴电子2025年中报简析：营收净利润同比双双增长，盈利能力上升