GOTION(SZ:002074) Xin Hua Cai Jing·2025-08-30 10:28Core Insights - The company Guoxuan High-Tech reported strong growth in its 2025 semi-annual report, with significant increases in net profit and operating cash flow, alongside a continuous rise in market share for power batteries and steady progress in its internationalization strategy [2][3]. Financial Performance - In the reporting period, Guoxuan High-Tech achieved operating revenue of 19.394 billion yuan, a year-on-year increase of 15.48%, with power battery revenue growing by 19.9% [2][3]. - The company recorded a net profit attributable to shareholders of 367 million yuan, up 35.22% year-on-year, and a non-recurring net profit growth of 48.53% [2][3]. - The second quarter revenue reached 10.338 billion yuan, marking the first time the company surpassed the 10 billion yuan mark in Q2 [3]. Market Position and Strategy - The company's international revenue accounted for 33% of total revenue, reflecting a 1.9 percentage point increase compared to the end of 2024, indicating a successful internationalization strategy [3]. - Guoxuan High-Tech's power battery market share increased to 5.18% in China, ranking fourth, with a global market share of 3.6%, up 1 percentage point year-on-year [4]. Product Development and Innovation - The company invested 1.382 billion yuan in R&D during the first half of the year, a 13.34% increase from the previous year, focusing on solid-state and quasi-solid-state battery technologies [6]. - The first solid-state experimental line has been completed, with a design capacity of 0.2 GWh and a high yield rate of 90% [6]. - Guoxuan High-Tech is also advancing into the small power battery market, aiming to capture a significant share of the projected trillion-yuan market [5].