KENGIC(SH:688455) Xin Lang Cai Jing·2025-08-29 11:42Core Insights - In the first half of 2025, the company reported a revenue of 492 million yuan, representing a year-on-year growth of 2.24% [1] - The net profit attributable to shareholders was -37.28 million yuan, showing a year-on-year increase of 12.08% [1] - The company’s gross margin for the first half of 2025 was 21.68%, an increase of 2.90 percentage points year-on-year [1] Financial Performance - The basic earnings per share for the reporting period was -0.23 yuan, with a weighted average return on equity of -3.87% [1] - The company’s net profit margin was -7.58%, which improved by 1.23 percentage points compared to the same period last year [1] - In Q2 2025, the gross margin reached 24.56%, up 5.68 percentage points year-on-year and 9.19 percentage points quarter-on-quarter [1] Expense Analysis - Total operating expenses for the first half of 2025 were 156 million yuan, an increase of 2.87 million yuan year-on-year [2] - The expense ratio was 31.68%, a slight decrease of 0.11 percentage points from the previous year [2] - Sales expenses decreased by 26.12%, while management, R&D, and financial expenses saw increases of 10.34%, 8.45%, and 121.39% respectively [2] Shareholder Information - As of the end of the first half of 2025, the total number of shareholders was 11,000, an increase of 728 from the previous quarter, representing a growth of 7.10% [2] - The average market value per shareholder rose from 195,300 yuan to 231,700 yuan, an increase of 18.67% [2] Business Overview - The company, founded on March 24, 2015, and listed on September 15, 2022, is based in Qingdao, Shandong Province [2] - Its main business involves providing intelligent logistics and manufacturing solutions, with revenue composition as follows: intelligent sorting systems (60.30%), intelligent storage systems (26.80%), core equipment (5.75%), and others [2]