Core Viewpoint - The company reported a revenue increase of 11.9% in the first half of 2025, but experienced a significant decline in gross profit and net profit attributable to shareholders, indicating challenges in maintaining profitability despite revenue growth [1] Financial Performance - The company's revenue reached RMB 8.438 billion, reflecting an 11.9% year-on-year increase [1] - Gross profit decreased by 18.6% to RMB 864 million, resulting in a gross margin drop from 14.1% to 10.2% [1] - Net profit attributable to shareholders fell by 61.7% to RMB 93.7 million, with basic earnings per share at RMB 0.07 [1] Business Segments - Revenue from the power solutions business increased by 8.1% to RMB 7.349 billion [1] - Revenue from the lead recycling business surged by 46.4% to RMB 1.09 billion [1] Cost and Margin Challenges - The decline in gross margin for the power solutions business was primarily due to high import tariffs in the U.S., which affected higher-margin customers [1] - The lead recycling business faced margin pressure due to rising costs of waste batteries [1] - The production timeline for the Mexican plant has been delayed from Q2 2025 to Q4 2025, postponing the expected benefits of localized production to mitigate tariff-related cost pressures [1]
理士国际(00842.HK)上半年营收增长11.9%至84.38亿元 纯利同比下跌61.7%