Haosen(SH:688529) Zheng Quan Shi Bao Wang·2025-09-25 04:25Core Viewpoint - Haosen Intelligent reported a significant decline in revenue and net profit for the first half of 2025, primarily due to challenges in customized non-standard intelligent production lines and increased competition in the downstream market [1][2]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 843 million yuan, a year-on-year decrease of 13.68% [1]. - The net profit attributable to the parent company was -151 million yuan, representing a year-on-year decrease of 1600.90% [1]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -143 million yuan [1]. Operational Challenges - The company's losses were attributed to difficulties in project implementation, technical solutions, and customer requirements, along with intensified market competition, leading to a decline in gross and profit margins [2]. - High asset impairment losses, mainly from overseas projects, and credit impairment losses related to increased competition and aging accounts receivable also impacted profitability [2]. Strategic Initiatives - The company plans to enhance operational management, expand overseas markets, improve production efficiency, and strengthen cost control to boost profitability [2]. - Measures include exploring new industry applications, increasing capacity utilization in aligned fields such as axial motors and solid-state batteries, and enhancing strategic cooperation with clients to stabilize and predict orders [2]. Technological Development - Haosen Software, a key part of the company's intelligent manufacturing business, has contributed stable revenue and is focused on R&D and market expansion, with no current plans for independent listing [3]. - The company has identified over 40 suitable industrial production scenarios for embodied intelligent robots and is developing specialized humanoid robots for various applications [3][4]. - Recent achievements include the approval of two invention patents related to humanoid robot assembly processes and testing equipment, and a silver award at the 50th Geneva International Invention Exhibition for a collaborative project with Hohai University [4].