Baida Precision(SH:603331) Zheng Quan Ri Bao Wang·2025-09-09 06:36Core Viewpoint - Baida Precision Engineering reported a slight decline in revenue and a significant drop in net profit for the first half of 2025, indicating performance pressure despite ongoing strategic initiatives [1][2]. Financial Performance - The company achieved an operating income of 775 million yuan, a year-on-year decrease of 0.26% [1]. - The net profit attributable to shareholders was 44.228 million yuan, down approximately 20.31% year-on-year [1]. Business Segments - The compressor parts segment generated an operating income of 429 million yuan, while the automotive parts segment contributed 321 million yuan [1]. - Baida has established long-term strategic partnerships with notable companies such as Midea, Gree, Valeo, and Bosch, creating a solid customer network [1]. Research and Development - As a national high-tech enterprise, Baida places a strong emphasis on technology research and innovation, mastering key processes in metal forming, precision machining, and surface treatment [2]. - The company plans to increase R&D investment and optimize technical processes to enhance its comprehensive strength and profitability [2]. Strategic Projects - Baida is advancing two core projects: the intelligent manufacturing base for new energy vehicle components and the smart transformation of the efficient energy-saving compressor core parts production line [2]. - The new energy vehicle components base focuses on lightweight component development and product lifecycle management to enhance competitiveness in the market [2]. - The smart transformation project aims to improve process technology, quality management, and production efficiency, thereby expanding capacity and market share [2]. Project Progress - As of June 30, the new energy vehicle components base has secured land use rights, with a construction progress of approximately 2% [3]. - The smart transformation project for the compressor parts production line has reached a progress of 15% [3]. Future Outlook - The company aims to focus on operational efficiency and continue advancing its core projects while optimizing its business structure and fostering new growth points [3]. - Baida plans to enhance cost control and operational precision through systematic integration and process optimization, leveraging its core advantages to navigate market challenges and seize development opportunities [3].