调研速递|领益智造接受全体投资者调研，上半年营收236.25亿元亮点多

Core Viewpoint - The company reported significant growth in its first half of 2025, driven by multiple business segments, with a focus on AI and robotics technologies [2][3][4]. Financial Performance - In the first half of 2025, the company achieved revenue of 23.625 billion yuan, a year-on-year increase of 35.94% [2] - The net profit attributable to shareholders, excluding stock incentive amortization, was 1.073 billion yuan, up 53.29% year-on-year [2] - In Q2 2025, revenue reached 12.131 billion yuan, a 29.91% increase year-on-year, with net profit of 365 million yuan, a significant rise of 61.02% [2] - For Q2, the net profit attributable to shareholders, after excluding stock incentive amortization, was 432 million yuan, reflecting a 77.78% year-on-year growth [2] Business Segments - The AI terminal business generated revenue of 20.865 billion yuan, growing 17.26% year-on-year [2] - The automotive and low-altitude economy segment reported revenue of 1.183 billion yuan, a 38.41% increase, with a gross margin improvement of 13.27 percentage points [2] - Other business segments achieved approximately 1.577 billion yuan in revenue, marking a 212.98% year-on-year growth [2] Robotics Business - The company has established extensive collaborations in the humanoid robotics sector, partnering with various innovation centers and technology firms [3] - It has accumulated significant core technologies in this field, including servo motors and reducers, and holds patents in multiple countries [3] AI Server Development - The company is actively expanding in the AI server market, collaborating with global clients on cooling products and solutions [4] - It has developed advanced cooling products that outperform competitors in various power consumption scenarios [4] Foldable Screen Products - The company offers a diverse range of products in the foldable screen sector, supplying key components to renowned brands, including Samsung [5] Future Plans and Dividends - For the second half of 2025, the company aims to focus on core businesses and expand into new growth areas such as robotics and servers, while also targeting overseas markets [6] - The board has approved a cash dividend plan, proposing a distribution of 0.2 yuan per 10 shares, totaling 139 million yuan [6] - The total cash dividends and share buybacks in the first half of 2025 amounted to 459 million yuan, representing 49.40% of the net profit attributable to shareholders [6]