研报掘金丨华安证券：维持豪迈科技“买入”评级，业绩符合预期，多业务多点开花

Core Viewpoint - Haomai Technology achieved a robust revenue growth of 27.25% year-on-year in H1 2025, reaching 5.265 billion yuan, with a net profit attributable to shareholders of 1.197 billion yuan, reflecting a 24.65% increase [1] Financial Performance - In Q2 2025, the company recorded a historical high revenue of 2.986 billion yuan, marking a year-on-year increase of 25.9% [1] - The net profit attributable to shareholders for Q2 2025 was 677 million yuan, showing a year-on-year growth of 20.87% [1] Business Segments - The company's three main business segments—tire molds, large components, and machine tools—demonstrated steady growth in H1 2025 [1] - As a leading player in China's tire mold industry, Haomai Technology has a clear three-tier layout in tire molds, large components, and CNC machine tools [1] Market Outlook - The company is expected to continue expanding its market presence due to its technological and management advantages, supported by sustained downstream demand [1] - The investment rating for the company remains "Buy" [1]