EWPT(SZ:300115) Ge Long Hui A P P·2025-09-10 09:23Core Viewpoint - Changying Precision's net profit attributable to shareholders for the first half of the year was 306 million yuan, a year-on-year decrease of 29.37%, while the net profit excluding non-recurring items was 288 million yuan, a year-on-year increase of 32.18% [1] Group 1: Financial Performance - The company achieved a net profit of 306 million yuan, reflecting a decline of 29.37% year-on-year [1] - The net profit excluding non-recurring items increased by 32.18% year-on-year to 288 million yuan [1] Group 2: Product Development and Orders - The company is accelerating the construction of production capacity for humanoid robots starting in 2024, developing various materials such as aluminum alloy, magnesium alloy, titanium alloy, PEEK, IGUS engineering plastics, rubber, and nylon for clients [1] - Multiple mass production orders have been secured from both domestic and overseas humanoid robot brands [1] Group 3: Server Products and Acquisitions - The company has developed high-speed backplane connectors for servers and workstations, which have been sent for validation to leading domestic clients [1] - The acquisition of a 51% stake in Shenzhen Weixian Technology Co., Ltd. enhances the product line of high-speed copper connection modules, catering to overseas connector leaders and AI server clients [1] Group 4: Investment Rating - The company maintains a "Buy" rating [1]