宝馨科技2025半年报：亏损大幅收窄 智能制造与新能源双轮驱动显韧性

Core Viewpoint - The company, Baoxin Technology, reported significant progress in reducing losses and enhancing operational resilience despite facing industry cyclical adjustments and market challenges in the first half of 2025 [2][3][6] Financial Performance - In the first half of 2025, Baoxin Technology achieved a revenue of 101 million yuan, with a net profit attributable to shareholders showing a year-on-year reduction in losses by 57.71% [2][3] - The net cash flow from operating activities was 26.58 million yuan, indicating a stable cash flow despite a slight year-on-year decline [3] Business Segments - The smart manufacturing segment generated revenue of 93.78 million yuan, accounting for 92.76% of total revenue, with a gross margin of 22.86%, reflecting a year-on-year increase of 13.78% [4] - The company is actively expanding its high-end equipment manufacturing and new energy supporting businesses through its production bases in Suzhou, Xiamen, and the Philippines [4] Strategic Focus - Baoxin Technology is concentrating on its advantages in smart manufacturing and extending its industrial chain value while exploring innovations in strategic emerging fields [5] - The company is enhancing its operational resilience by optimizing production processes and product structures, as well as leveraging synergies between its smart manufacturing and strategic emerging industries [5] Future Outlook - The company demonstrates strong operational resilience and business adjustment capabilities through strategic focus, cost optimization, and technological accumulation [6] - With the recovery in high-end equipment demand and the ongoing "dual carbon" policy, Baoxin Technology is positioned to gradually achieve performance recovery and value enhancement through continuous innovation [6]