Chang Jiang Shang Bao·2025-08-31 22:33Core Viewpoint - Liou Co., Ltd. has returned to profitability in the first half of 2025, achieving a net profit of 478 million yuan, primarily driven by the increase in the stock price of Ideal Auto, which contributed significantly to the fair value change gains [1][2]. Financial Performance - In the first half of 2025, the company reported operating revenue of 9.635 billion yuan, a year-on-year decrease of 9.62%, while net profit was 478 million yuan, a significant turnaround from a loss of 744 million yuan in the same period last year [1][2]. - The company's net profit, excluding non-recurring gains and losses, was 148 million yuan, reflecting a year-on-year increase of 1.88% [3]. - The net cash flow from operating activities reached 205 million yuan, representing a year-on-year increase of 215.22% [4]. Business Segments - Liou Co., Ltd. operates in two main business segments: mechanical manufacturing and digital marketing. The mechanical manufacturing segment focuses on the research, development, and sales of civil pumps, industrial pumps, and garden machinery, while the digital marketing segment offers a comprehensive service chain covering marketing strategies, media placement, and performance monitoring [3]. - In the first half of 2025, the mechanical manufacturing segment generated revenue of 2.131 billion yuan, while the digital marketing segment achieved revenue of 7.477 billion yuan, both showing improved profitability and cash flow [3]. Research and Development - The company has invested significantly in research and development, with total R&D expenses amounting to 596 million yuan over the past three and a half years [4]. - Liou Co., Ltd. is actively pursuing innovation in the nuclear power sector and has signed a framework agreement for joint research on large adjustable flow circulating water pumps [5]. - The company has also launched new products aimed at enhancing energy efficiency in data centers, showcasing its commitment to technological innovation [5]. Financial Health - As of the end of the first half of 2025, the company's asset-liability ratio was 40.86%, a decrease of 3.43 percentage points compared to the same period in 2024 [6].