NJEC(SH:600699) Xin Lang Cai Jing·2025-09-02 04:26Financial Performance - In Q2 2025, the company achieved a net profit of 370 million yuan, representing a year-on-year increase of 11% [1] - The company reported revenue of 15.771 billion yuan in Q2 2025, up 14.27% year-on-year and 8.20% quarter-on-quarter [1] - For H1 2025, the automotive safety system revenue was 18.977 billion yuan, with a gross margin of 15.93%, an increase of 1.99 percentage points year-on-year [1] - The automotive electronics system revenue reached 8.356 billion yuan, with a gross margin of 21.54%, up 2.17 percentage points year-on-year [1] - The overall gross margin for Q2 2025 was 18.4%, an increase of 2.7 percentage points year-on-year [1] Order Growth and Business Development - The company has a strong order backlog, with a total new order lifecycle amounting to 39.3 billion yuan, including new orders in July for automotive safety [1] - Over 66% of new orders in H1 2025 were related to new energy vehicles [1] - The company has made significant strides in smart driving, securing a project with a well-known domestic brand for advanced driver assistance systems, with an order value exceeding 1 billion yuan [2] - The company is actively expanding its automotive electronics business, with ongoing production of smart cockpit domain controllers for leading domestic brands [2] - The company is positioning itself as a "Tier 1" supplier in the automotive and robotics sectors, having established a subsidiary focused on humanoid robotics [2]