Ge Long Hui·2025-09-25 05:36Core Viewpoint - Zhonglian Heavy Industry's net profit attributable to shareholders for H1 2025 reached 2.765 billion yuan, a year-on-year increase of 20.84% [1] Financial Performance - In Q2 2025, the net profit attributable to shareholders was 1.355 billion yuan, a year-on-year decrease of 1.29% [1] - The company's profitability continues to recover, with various product gross margins improving [1] Revenue Breakdown - For H1 2025, revenue from the crane machinery, concrete machinery, and earth-moving machinery segments was 8.374 billion, 4.869 billion, and 4.293 billion yuan, respectively, with year-on-year growth of 1.24%, 15.66%, and 22.11% [1] - Overseas market revenue reached 13.815 billion yuan, a year-on-year increase of 14.66%, with rapid growth in markets such as the Middle East, Southeast Asia, and Australia/New Zealand [1] Strategic Developments - The company has established a humanoid robot training ground and developed the Zhongke Cloud Valley embodied intelligence platform, which includes a comprehensive toolchain for data collection, processing, labeling, model training, evaluation, and inference deployment [1] - The embodied intelligence initiative is expected to create a new growth driver for the company [1] Investment Outlook - The 6-month target price for A-shares is set at 9.32 yuan, and for Hong Kong shares at 7.64 yuan, maintaining a "buy" rating [1]