Core Viewpoint - The company is facing significant challenges due to U.S. tariff policies impacting sales, but the establishment of a production base in Vietnam is expected to enhance global supply chain stability and market competitiveness in the second half of 2025 [1][2]. Financial Performance - In the first half of 2025, the company reported revenue of 290 million yuan and a net profit attributable to shareholders of -15 million yuan [1]. - Sales revenue from the U.S. market saw a notable decline, with the largest customer’s sales dropping by 65.89% year-on-year [1]. Cost Structure - Management expenses increased by 64.01% year-on-year, while sales expenses rose by 35.77% due to new projects like the Vietnam base and increased investments in market expansion and sales channel optimization [2]. Production Capacity and Strategy - The Vietnam production base, which officially commenced operations in June 2025, aims to produce 800,000 various electric tools annually [2]. - The company plans to establish a diversified production model with a "China + Southeast Asia" dual-base strategy to enhance supply chain resilience and mitigate market risks [2].
开创电气越南生产基地下半年释放产能 增强全球供应链稳定性