银禧科技，净利增长82%，注销子公司

Core Viewpoint - The article highlights the financial performance and strategic developments of Yinxin Technology in the first half of 2025, showcasing significant revenue and profit growth, alongside advancements in new material research and international expansion [2][4]. Financial Performance - Yinxin Technology reported a revenue of approximately 1.085 billion yuan in the first half of 2025, representing a year-on-year increase of 23.99% [3]. - The net profit attributable to shareholders was about 47.78 million yuan, marking an 82.39% increase compared to the previous year [2][3]. - The net cash flow from operating activities improved significantly, reaching 7.17 million yuan, a 123.42% increase from the previous year [3]. - Basic earnings per share rose to 0.1046 yuan, an increase of 82.23% year-on-year [3]. Business Segments - The company operates in various sectors, with the plastic industry generating 962.18 million yuan in revenue and a gross margin of 19.17%, while the electrical machinery sector generated 117.25 million yuan with a lower gross margin of 15.38% [6]. - Modified plastics accounted for 901.46 million yuan in revenue, with a gross margin of 19.11%, while smart lighting-related revenue was 117.25 million yuan, reflecting a gross margin of 15.38% [6]. Research and Development - Yinxin Technology has intensified its research and development efforts in new materials, achieving significant results in the application of flame-retardant materials and Non-PFAS materials, which are in trial production stages with clients [4]. - The company has developed a range of specialized functional materials for various applications, including high CTI 800V flame-retardant PA materials and anti-static PA/ABS materials [4]. Strategic Developments - The company has established production and R&D bases in multiple locations, including Dongguan, Suzhou, and Vietnam, to support its international expansion and focus on emerging technology fields [2][4]. - A subsidiary, Dongguan Yinxin Optoelectronic Materials Technology Co., Ltd., has completed the deregistration process, indicating a strategic shift in response to competitive pressures in the smart lighting market [4].