APG(SZ:002284) Zheng Quan Ri Bao Wang·2025-09-01 11:43Core Viewpoint - Zhejiang Asia-Pacific Mechanical and Electrical Co., Ltd. (referred to as "Asia-Pacific Co., Ltd.") reported significant growth in its 2025 semi-annual report, with a revenue increase of 29.75% year-on-year and a net profit increase of 92.12% year-on-year, indicating strong performance in the automotive brake system sector [1][2]. Group 1: Financial Performance - The company's revenue for the first half of 2025 reached 2.601 billion yuan, reflecting a year-on-year increase of 29.75% [1]. - The net profit attributable to shareholders was 201 million yuan, showing a substantial year-on-year growth of 92.12% [1]. - Revenue from the automotive basic brake system, the main source of income, was 1.808 billion yuan, up 21.26% year-on-year [1]. - Revenue from automotive electronic control systems reached 712 million yuan, marking a significant increase of 62.42% year-on-year [1]. Group 2: Product Development and Innovation - Asia-Pacific Co., Ltd. has made significant advancements in automotive electronic products, including electronic parking brake systems (EPB), electronic stability control systems (ESC), and integrated brake systems (IBS), supported by multiple national invention patents [2]. - The company has initiated 114 new projects in the first half of 2025, with 55 projects related to automotive electronic control systems, successfully mass-producing 70 projects [2]. - As of mid-2025, the company holds a total of 757 valid patents, including 149 invention patents, 595 utility model patents, and 13 design patents [2]. Group 3: Industry Position and Future Outlook - The automotive industry is shifting towards electrification and intelligence, and the company is actively embracing these changes by developing a comprehensive autonomous driving industry chain [2]. - Asia-Pacific Co., Ltd. has successfully industrialized 77GHz millimeter-wave radar and vision systems, contributing to the advancement of smart driving technologies [2]. - The company has developed integrated hub motor products, showcasing its capability in comprehensive development from hub motors to complete systems, supporting the growth of smart driving and new energy vehicles [2].