Yonggui(SZ:300351) Zheng Quan Shi Bao Wang·2025-08-29 09:33Core Viewpoint - Yonggui Electric achieved significant growth in revenue and profit in the first half of 2025, driven by strong performance in its rail transportation and industrial segments, while also expanding into emerging fields such as new energy and intelligent technology [1][3]. Group 1: Financial Performance - The company reported a revenue of 1.027 billion yuan, a substantial increase of 20.65% compared to the same period last year [1]. - The net profit attributable to shareholders reached 54.763 million yuan [1]. - Operating cash flow grew by 2.03% year-on-year, and total assets increased by 31.56% compared to the previous year [1]. Group 2: Business Segments - Yonggui Electric has established three main business segments: rail transportation and industrial, automotive and energy information, and special equipment [1]. - The rail transportation and industrial segment generated revenue of 443 million yuan, marking a significant growth of 50.33% year-on-year, becoming the core driver of revenue growth [1]. Group 3: Research and Development - The company is increasing its R&D investment in the other two segments, focusing on applications of connectors in emerging fields such as electric engineering machinery, intelligent technology, and low-altitude flight [1]. - As of the first half of 2025, R&D expenditure reached 80.2882 million yuan, accounting for 7.82% of revenue, providing solid technical support for expansion into new areas [1]. Group 4: Industry Trends - The new energy sector continues to grow steadily, driven by policy guidance and increasing penetration of new energy vehicles and heavy trucks [2]. - As of June 2025, the total number of charging infrastructure in the country reached 16.1 million, a year-on-year increase of 55.6% [2]. - The company is actively developing high-power and liquid-cooled charging gun products to meet the growing demand in the new energy market [2]. Group 5: Future Outlook - Yonggui Electric issued 980 million yuan of convertible bonds for projects related to industrial construction, smart connectors, and R&D upgrades, expected to be operational by March 2026 [3]. - The company aims to enhance its production capacity and technological capabilities, strengthening its competitive position in the connector and new energy charging equipment sectors [3]. - The combination of stable growth in core businesses and expansion into emerging sectors positions the company for long-term high-quality development [3].