Investment Rating - The investment rating for the company is "Accumulate" (maintained) [5] Core Views - The company achieved a revenue of 180 million yuan in H1 2025, representing a year-on-year increase of 15%. The growth is attributed to the demand in the wind power sector and the expansion into new fields such as energy storage, data centers, and electricity [7] - The company's internal sales revenue increased by 40% year-on-year, driven by the rising demand in the wind power sector and successful development of new customers in energy storage and data centers [7] - The company is focusing on a differentiated and integrated product development strategy, enhancing its core competitiveness through technological upgrades and market expansion [7] - The projected net profits for the company from 2025 to 2027 are 48 million, 61 million, and 74 million yuan respectively, with corresponding price-to-earnings ratios of 83.5, 66.2, and 54.2 times [8] Financial Summary - As of August 19, 2025, the company's closing price is 45.79 yuan, with a total market capitalization of 4,008.91 million yuan and a circulating market capitalization of 1,125.55 million yuan [3] - The company's total assets are projected to reach 669 million yuan in 2025, with a debt ratio of 25.07% [3][9] - The company expects to achieve a revenue of 435 million yuan in 2025, with a year-on-year growth rate of 25.28% [8]
方盛股份（832662）：2025H1营收yoy+15%，储能、数据中心、电力等新领域开拓为业务蓄势赋能