Chunqiu ET(SH:603890) Sou Hu Cai Jing·2025-08-28 11:11Core Viewpoint - Spring Autumn Electronics (SH603890) reported a significant increase in net profit for the first half of 2025, with a year-on-year growth of 248.44% [1][2]. Financial Performance - The company's operating revenue for the first half of 2025 was 1.926 billion yuan, representing a year-on-year increase of 2.62% [1][2]. - Total profit for the period reached 112.29 million yuan, up 453.88% compared to the same period last year [1][2]. - The net profit attributable to shareholders was 933.18 million yuan, marking a 248.44% increase year-on-year [1][2]. - The net profit after deducting non-recurring gains and losses was 763.14 million yuan, reflecting a growth of 384.47% [1][2]. - Basic earnings per share were reported at 0.21 yuan [2]. Profitability Metrics - The gross profit margin for the first half of 2025 was 18.05%, an increase of 3.53 percentage points year-on-year [2]. - The net profit margin stood at 4.63%, up 4.58 percentage points from the previous year [2]. Expense Management - The company's period expenses totaled 210 million yuan, a decrease of 16.57 million yuan compared to the same period last year [3]. - The expense ratio was 10.91%, down 1.17 percentage points year-on-year [3]. - Sales expenses increased by 33.70%, while management and R&D expenses decreased by 23.75% and 28.49%, respectively [3]. Company Background - Spring Autumn Electronics was established on August 23, 2011, and went public on December 12, 2017 [6]. - The company specializes in the research, design, production, and sales of precision structural components and related precision molds for consumer electronics [6].