Core Viewpoint - The company has achieved significant growth in its core business of injection molding molds, driven by the integration of "injection molding molds - modified plastics" and a focus on sustainable development and investor returns [2][3][4]. Group 1: Financial Performance - In the first half of 2025, the company reported revenue of 386 million yuan, a year-on-year increase of 24.86% [2]. - The net profit attributable to shareholders reached 36.38 million yuan, up 383.49% year-on-year, while the net profit after deducting non-recurring items was 33.83 million yuan, reflecting a staggering growth of 1451.28% [2]. - The company implemented a cash dividend plan, distributing 25.43 million yuan in the first half of 2025, with a cumulative dividend payout ratio of 70.93% from 2022 to 2024 [2]. Group 2: Market Dynamics - The automotive industry in China has shown steady growth, with vehicle production and sales increasing by 12.5% and 11.4% respectively in the first half of 2025, supported by policies like vehicle trade-ins [3]. - The company’s injection molding business achieved revenue of 324 million yuan, a growth of 26.30% year-on-year, benefiting from increased capacity and order growth [3]. Group 3: Order Growth and Customer Expansion - The company secured new injection molding orders worth 474 million yuan, a 25.36% increase compared to the same period last year, with total orders on hand reaching 1.024 billion yuan, up 22.77% year-on-year [4]. - The order backlog for new energy vehicle injection molds was 408 million yuan, reflecting a significant growth of 58.8% year-on-year [4]. Group 4: Strategic Initiatives - The company is deepening its "mold-plastic integration" strategy and expanding its modified plastics and automotive plastic components business to meet customer demands for one-stop procurement [5][6]. - The company is advancing its convertible bond project for a new polymer materials production line, which is expected to achieve annual sales revenue of 1.745 billion yuan and net profit of 73.68 million yuan upon full production by 2027 [6]. - The international expansion of the automotive components business is progressing, with the Thailand factory's second phase successfully launched, expected to add approximately 100 million yuan in output [6].
海泰科2025年上半年营收、净利均创历史同期新高 “模塑一体化”助力业绩进入释放期