East Group(SZ:300376) Zheng Quan Shi Bao Wang·2025-08-28 14:10Core Insights - The company reported a revenue of 1.667 billion yuan for the first half of 2025, a 2.30% increase year-on-year, with a net profit attributable to shareholders of 85.5761 million yuan [1] - The energy storage business saw significant growth, with revenue reaching 523 million yuan, a 153.45% increase year-on-year, driven by strategic partnerships and market expansion [2] - The company is focusing on digital energy and has adjusted its market strategies to cope with intensified price competition in the industry [1][2] Revenue Breakdown - High-end power equipment and data center revenue was 712 million yuan, down 12.35% year-on-year due to limited bidding qualifications affecting business development [1] - Revenue from new energy generation equipment and development was 141 million yuan, a decline of 53.13% year-on-year, with some projects still in delivery [1] - Charging facilities and equipment revenue was 73.3783 million yuan, a 24.56% increase year-on-year, attributed to increased order volume and strong market performance of new products [2] Operational Highlights - The company operates 563.56 MW of photovoltaic power stations, generating 29.78964 million kWh, resulting in new energy revenue of 210 million yuan, down 11.75% year-on-year due to increased curtailment and fluctuating electricity pricing [2] - Overseas marketing revenue was 355 million yuan, a decrease of 5.42% year-on-year, impacted by trade wars and geopolitical tensions [3] - Research and development investment reached 101 million yuan, accounting for 6.08% of revenue, focusing on advanced technologies such as liquid cooling and AI efficiency optimization [3]