精进电动：上半年营业总收入10.22亿元 乘用车市场全面发力

Core Insights - The company achieved significant results in strategic transformation, focusing on core business and improving operational efficiency, with all key performance indicators showing positive trends [1][3] Financial Performance - In the first half of 2025, the company reported total revenue of 1.022 billion yuan, a year-on-year increase of 76.75% [1] - The total profit reached 31.04 million yuan, up 111.49% compared to the same period last year [1] - Net profit attributable to shareholders increased by 112.62%, while net profit excluding non-recurring gains and losses grew by 77.98% [1] Business Segments - The passenger vehicle electric drive system business became the core engine of the company's performance, with revenue growth of 78.84% year-on-year [1] - The "large system" business in the domestic market showcased advantages, with increasing shipments driven by the popularity of off-road vehicle models [1] - A collaborative project with a well-known domestic manufacturer for a three-in-one system entered large-scale production in the second quarter, laying a solid foundation for continued growth in the second half of the year [1] International Expansion - The company made key progress in international market development, with successful project development for a passenger vehicle three-in-one electric drive system for a large European automaker [2] - A project won in 2024 for a popular model in Europe and the U.S. is progressing smoothly in the first half of 2025, seen as a significant growth driver due to its market size, technical barriers, and brand influence [2] Operational Efficiency - The company optimized internal operations, enhancing production efficiency through organizational restructuring, management process strengthening, and establishing a data monitoring system [3] - The integration of production operations from Shanghai to the Heze base has been largely completed, expected to improve scale effects and reduce operational costs [3] - Cash flow from operating activities reached 193 million yuan, a year-on-year increase of 541.08% [3]