HAND(SZ:300170) Jiang Nan Shi Bao·2025-08-28 05:19Core Viewpoint - Han's Information (300170) demonstrated strong operational resilience with solid data in its 2025 semi-annual report, showcasing revenue growth, profit enhancement, and improved cash flow [1] Financial Performance - The company achieved operating revenue of 1.575 billion yuan, a year-on-year increase of 3.54% [1] - Overall gross margin reached 34.87%, up 2.43 percentage points year-on-year, indicating enhanced profitability [1] - Operating cash flow turned positive for the first time in Q2, with a significant year-on-year increase of 87.65% in net cash flow for the first half of the year [1] - The net profit attributable to shareholders was 85.0067 million yuan, a year-on-year growth of 1.90%, while the non-recurring net profit was 81.3134 million yuan, up 31.56% year-on-year, reflecting operational resilience and efficiency improvement [1] Business Structure Optimization - The company actively adjusted its business layout, shifting resources towards high value-added areas, resulting in a 9.98% year-on-year revenue growth in its proprietary software product business [2] - The gross margin for the proprietary software product business increased by 2.98 percentage points year-on-year, contributing to the overall gross margin improvement [2] - The industrial digitalization business showed remarkable performance with a revenue increase of 13.75% and a gross margin rise to 42.96%, up 2.86 percentage points year-on-year [2] - The financial digitalization business focused on large enterprise group needs, achieving a revenue growth of 4.98% and a gross margin increase to 34.95% [2] - Traditional ERP business saw a slight revenue decline of 4.88%, with resources effectively reallocated to more strategic and profitable emerging business areas [2] AI Application and Global Strategy - Han's Information made significant progress in strategic emerging business areas, launching the "De Ling" B-end AI application product/service system, which generated approximately 110 million yuan in revenue, a substantial year-on-year increase [3] - The company has been proactive in the enterprise-level AI sector, having started exploring B-end AI integration applications as early as 2019, and officially launched the "Da Sheng" AI middle platform in July 2023 [3] - The "De Ling" system encompasses a comprehensive technical architecture aimed at accelerating enterprise AI development and application processes [4] - The company has established a global service network covering Japan, Singapore, Europe, the United States, and India, leveraging the H-ZERO platform to support overseas enterprises [4] - Han's Information is transitioning from an "ERP service provider" to an "AI intelligent agent supplier," with expectations for continued improvement in gross margin and cash flow as product standardization and overseas market penetration progress [4]