Core Viewpoint - Hansang Technology (301491.SZ) reported a revenue of 712 million yuan for the first half of 2025, reflecting a year-on-year growth of 4.77%, while net profit attributable to the parent company decreased by 15.75% to 94.5 million yuan due to pricing strategies based on tariff expectations leading to a decline in product gross margin [1] Business Performance - The innovative audio and AIoT smart products segment performed exceptionally well, generating revenue of 447 million yuan, a year-on-year increase of 23.02%, becoming the main growth driver for the company [1] - The company is accelerating its product structure adjustment towards intelligence and scenario-based applications [1] Research and Development - The company increased its R&D investment, with R&D expenses reaching 41.5 million yuan in the first half of the year, accounting for 5.83% of total revenue [1] - As of the end of the reporting period, the company had a research team of 277 people and had obtained a total of 119 patents covering core technologies such as audio processing, wireless transmission, and edge streaming playback [1] Future Strategy - Hansang Technology aims to focus on the "full-link sound technology closed loop," deepening its layout in emerging scenarios such as AIoT and automotive audio, and promoting upgrades from core modules to system solutions to achieve steady growth for the year [1]
汉桑科技2025年上半年营收稳步增长 AIoT业务成亮点