讯众股份（2597.HK）发布2025年半年报，智能通信解决方案业务大幅增长

Core Viewpoint - The financial performance of Xunzhong Communication shows a significant decline in revenue but an increase in profit, indicating a strategic shift towards higher-margin business segments [1][2][3] Financial Performance - For the first half of 2025, the company's revenue was RMB 274.03 million, a decrease of 27.55% year-on-year [1] - Total profit reached RMB 29.91 million, an increase of 35.81% compared to the same period last year [1] - Net profit attributable to shareholders was RMB 25.62 million, a slight increase of 0.61% year-on-year [1] Business Segments - The cloud communication services segment generated revenue of RMB 252.38 million, down 29.29% year-on-year, with declines in SMS, voice, IoT, and cloud call center services [1][2] - The intelligent communication solutions segment experienced a revenue growth of 151.08%, driven by advancements in public safety video systems and smart city projects [2] Strategic Adjustments - The revenue decline was attributed to a targeted reduction in low-margin client business and regulatory changes affecting demand for messaging products [2] - The company has completed necessary regulatory adjustments and expects revenue stabilization in the second half of 2025 [2] Future Outlook - Despite short-term revenue pressures, the optimization of profit structure and rapid growth in emerging business areas are expected to lay a healthier foundation for future development [3] - The ongoing benefits from digital economy policies and the company's advantages in smart city initiatives are anticipated to yield significant results in the next 2-3 years [3]