TECHSEM(SZ:300046) Sou Hu Cai Jing·2025-09-03 11:45Core Viewpoint - Taiji Co., Ltd. has reported a turnaround in its financial performance for the first half of 2025, achieving profitability compared to the previous year, with significant growth in net profit and revenue [1][2]. Financial Performance - The company's operating revenue for the first half of 2025 was 178.79 million yuan, an increase of 4.18% year-on-year [1]. - The net profit attributable to shareholders was 39.73 million yuan, marking a substantial increase of 3789.41% compared to a loss of 1.08 million yuan in the same period last year [1]. - The net profit after deducting non-recurring gains and losses was 27.72 million yuan, a decrease of 15.22% year-on-year [1]. - Basic earnings per share were reported at 0.168 yuan, compared to a loss of 0.0045 yuan per share in the previous year [1]. - The company's total assets at the end of the reporting period were 1.25 billion yuan, reflecting a 1.04% increase from the end of the previous year [1]. Profitability Metrics - The gross profit margin for the first half of 2025 was 29.82%, a decrease of 1.54 percentage points year-on-year [2]. - The net profit margin improved to 21.90%, an increase of 23.03 percentage points compared to the same period last year [2]. Expense Analysis - Total operating expenses for the first half of 2025 were 18.98 million yuan, an increase of 3.25 million yuan year-on-year [2]. - The expense ratio was 10.61%, up by 1.45 percentage points from the previous year [2]. - Sales expenses increased by 0.85%, while management expenses rose by 6.57%. Research and development expenses decreased by 16.19%, and financial expenses surged by 58.70% [2]. Corporate Governance - The chairman and general manager of Taiji Co., Ltd., Xing Yan, received a salary of 618,200 yuan in 2024, a slight increase from 599,700 yuan in the previous year [4]. - Xing Yan has held leadership positions in various industry associations and has been with Taiji Co., Ltd. since 2008 [4]. Shareholding Changes - Changjiang Industrial Investment Group is set to acquire control of Taiji Co., Ltd. through a share transfer agreement, changing the actual controller from Xing Yan to the Hubei Provincial State-owned Assets Supervision and Administration Commission [6]. - The share transfer involves the acquisition of 32.0369% of the shares of Xinyiyuan, with a total transaction value of 430 million yuan [6]. Company Overview - Taiji Co., Ltd. is based in Xiangyang City, Hubei Province, and specializes in the research, development, manufacturing, and sales of high-power semiconductor devices and their components [7].