Zhong Zheng Wang·2025-08-29 14:01Core Viewpoint - Company reported a steady growth in revenue and profit, emphasizing high-quality development and risk control while maintaining industry-leading profitability [1][2][3] Financial Performance - Company achieved operating revenue of 24.855 billion yuan, a year-on-year increase of 1.30% - Net profit attributable to shareholders reached 2.765 billion yuan, up 21% year-on-year, with a non-recurring net profit of 1.925 billion yuan, increasing by 30% - In Q2, non-recurring net profit was 1.051 billion yuan, showing a 50% year-on-year growth and further acceleration compared to Q1 - Gross margin stood at 28.15%, up 0.17 percentage points year-on-year; net profit margin was 11.12%, up 1.8 percentage points; non-recurring net profit margin was 7.75%, up 1.71 percentage points - Operating cash flow net amount was 1.752 billion yuan, a 112% increase year-on-year, with a cash collection rate of 99% [1] Global Strategy - Company is advancing a unique "end-to-end, digital, localized" overseas business model, increasing resource investment in global markets - Overseas revenue reached 13.815 billion yuan, a 15% year-on-year increase, accounting for 55.58% of total revenue, up 6.48 percentage points - Products are now available in over 170 countries and regions, with a balanced regional market structure to mitigate single-market risks - Significant growth observed in Africa, the Middle East, Australia, New Zealand, and East Asia, with Southeast Asia and South America outperforming overall company performance - Company has established over 30 primary business airports and more than 430 secondary and tertiary outlets globally, employing approximately 7,800 overseas staff, including about 5,000 local employees [2] Emerging Segments - Company maintains a strong market position in core segments, with concrete machinery and engineering lifting machinery showing unexpected recovery in domestic sales and continuous improvement in export market share - Emerging segments are rapidly rising, with earth-moving machinery revenue growing by 22%, accounting for nearly 20% of total revenue, and export growth exceeding industry averages for over three consecutive years - Mining machinery experienced significant growth, with strategic partnerships established with major state-owned enterprises, and successful exports of high-end products [3] Future Industry Developments - Company is accelerating the industrialization of embodied intelligent humanoid robots, having developed three new models, including one wheeled and two bipedal robots, with dozens already in factory applications - A comprehensive toolchain for data collection, annotation, and model training has been developed, creating a 120-workstation intelligent training facility to facilitate a closed-loop mechanism for data-driven model evolution [4] Dividend Policy - Company plans to distribute a mid-term dividend of 2 yuan per 10 shares (tax included), with a distribution rate of 62.56% - Since its listing, the company has conducted 28 dividend distributions totaling 30.61 billion yuan, exceeding the total amount raised from equity financing in the capital market, with a historical overall dividend rate of 47% [5][6]