领益智造上半年营收净利双增 多元业务协同发力显韧性

Core Viewpoint - The company, Lingyi Zhizao, reported significant growth in its financial performance for the first half of 2025, with notable increases in revenue and net profit, indicating strong operational confidence and a focus on shareholder returns [1][2]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 23.625 billion yuan, a year-on-year increase of 23.35% [1]. - The net profit attributable to shareholders was 930 million yuan, reflecting a year-on-year growth of 35.94% [1]. - After excluding stock incentive amortization expenses, the net profit attributable to shareholders reached 1.073 billion yuan, marking a 53.29% increase [1]. Business Segments - The AI terminal business, as the core segment, generated approximately 20.865 billion yuan in revenue, up 17.26% year-on-year [1]. - The automotive and low-altitude economy sectors showed rapid growth, achieving revenue of 1.183 billion yuan, a 38.41% increase, with gross margin rising by 13.27 percentage points [1]. - Other business segments also performed well, with revenue of approximately 1.577 billion yuan, a remarkable year-on-year increase of 212.98% [1]. Shareholder Returns - The company repurchased a total of 38.2319 million shares for 320 million yuan and proposed a cash dividend of 139 million yuan, totaling 459 million yuan in shareholder returns, which represents 49.40% of the net profit attributable to shareholders for the first half of the year [2]. Strategic Developments - The company has made significant strides in the humanoid robot sector, establishing partnerships with various enterprises and securing hardware orders from both domestic and international clients [2]. - In the AI server domain, strategic collaborations were formed with notable companies, enhancing the company's business landscape and production capabilities [2]. Future Outlook - With the upcoming consumer electronics product launch season, particularly from Apple, the company is expected to benefit from industry innovations due to its strong positioning in AI terminals and high-quality products [3].