Huaan Securities(SH:600909) Ge Long Hui A P P·2025-09-08 07:29Core Viewpoint - Hai Tian Precision achieved a net profit of 237 million yuan in H1 2025, a year-on-year decrease of 19.27%, indicating slight pressure on performance during the industry's bottoming period [1] Financial Performance - In Q2 2025, the company reported revenue of 923 million yuan, a year-on-year increase of 0.1%, marking a historical high for quarterly revenue [1] - The net profit for Q2 2025 was 138 million yuan, down 15.34% year-on-year [1] Market Trends - In H1 2025, China's imports of metal cutting machine tools reached 2.38 billion USD, a year-on-year increase of 0.2%, while exports amounted to 2.97 billion USD, reflecting a year-on-year growth of 12.7% [1] - The demand for machine tools in emerging markets, particularly in Southeast Asia, is strong due to industrialization, contributing to sustained growth in machine tool exports [1] Strategic Initiatives - The company is enhancing its domestic and international market development and management capabilities, focusing on identifying key customer needs and expanding its business team [1] - Efforts are being made to strengthen market development in underperforming regions domestically, while overseas, the company is increasing the independence of its functions and improving customer service systems [1] - The global marketing layout is being accelerated in response to the recovery of domestic demand driven by policy support and the backdrop of export growth [1] Investment Outlook - Given the ongoing expansion of the company's overseas layout and significant competitive advantages, the investment rating is maintained at "Buy" [1]