Core Viewpoint - The financial performance of Hengdian East Magnetic (002056) shows significant growth in revenue and net profit for the first half of 2025, indicating strong market expansion and operational efficiency [1][5]. Financial Performance Summary - Total revenue reached 11.936 billion, a year-on-year increase of 24.75% [1] - Net profit attributable to shareholders was 1.02 billion, up 58.94% year-on-year [1] - In Q2 alone, total revenue was 6.713 billion, reflecting a 25.87% increase year-on-year, while net profit for the quarter was 562 million, a remarkable 94.8% increase [1] - Gross margin improved by 19.52% year-on-year, reaching 18.12%, while net margin increased by 65.63% to 11.01% [1] Cost and Expense Analysis - Operating costs rose by 19.83%, in line with revenue growth [2] - Sales expenses increased by 29.54% due to a rise in sales personnel and related market expansion costs [2] - Total expenses (sales, management, and financial) amounted to 129 million, constituting only 1.08% of revenue, a decrease of 70.17% year-on-year [1] Cash Flow and Investment Insights - Net cash flow from operating activities increased by 26.46%, driven by improved operational performance and better working capital management [4] - Net cash flow from investing activities rose by 32.12%, attributed to increased net inflows from time deposits [4] - Net cash flow from financing activities surged by 65.77%, due to reduced short-term borrowings and lower payments for equipment financing [4] Tax and Other Financial Metrics - Income tax expenses saw a significant increase of 264.6%, reflecting fluctuations in taxable income [3] - R&D expenditures decreased by 41.8%, indicating variability in project funding and timelines [3] - The company reported a substantial increase in other income by 85.07%, primarily due to enhanced VAT deductions [4] Shareholder and Market Position - The return on invested capital (ROIC) for the previous year was 14.58%, indicating strong capital efficiency [6] - The company has maintained a healthy cash position, enhancing its debt repayment capacity [7] - Analysts project a net profit of 1.919 billion for 2025, with an average earnings per share estimate of 1.18 [8] Fund Holdings - Notable funds holding shares in Hengdian East Magnetic include E Fund Value Growth Mixed and others, indicating growing institutional interest [9]

北京商报讯（记者 马换换 王蔓蕾）8月21日，横店东磁（002056）高开高走，盘中一度封至涨停，随 后，公司股价打开涨停板。截至北京商报记者发稿，公司股价涨幅8.95%，报18.99元/股。 8月20日晚间，横店东磁发布2025年半年度报告显示，2025年上半年，公司实现营业收入约为119.36亿 元，同比增长24.75%；对应实现归属净利润约为10.2亿元，同比增长58.94%。 ...

2025年8月21日，横店东磁(002056.SZ)发布2025年半年度报告。截至2025年8月20日，共有29个机构投 资者披露持有横店东磁A股股份，合计持股量达9.63亿股，占横店东磁总股本的59.20%。其中，前十大 机构投资者包括横店集团控股有限公司、香港中央结算有限公司、横店集团东磁股份有限公司-第三期 员工持股计划、全国社保基金五零二组合、中国农业银行股份有限公司-中证500交易型开放式指数证券 投资基金、横店集团东磁股份有限公司-第二期员工持股计划、上海浦东发展银行股份有限公司-广发高 端制造股票型发起式证券投资基金、中国银行股份有限公司-华泰柏瑞中证光伏产业交易型开放式指数 证券投资基金、易方达价值成长混合、招商量化精选股票发起式A，前十大机构投资者合计持股比例达 58.68%。相较于上一季度，前十大机构持股比例合计下跌了1.64个百分点。 外资态度来看，本期较上一季度持股减少的外资基金共计1个，即香港中央结算有限公司，持股减少占 比小幅下跌。 以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 对于社保基金，本期新披露持有横店东磁的社保基金共计1个，即全国社保基金五零二组 ...

（文章来源：证券日报） 证券日报网讯 8月20日晚间，横店东磁发布公告称，2025年上半年公司实现营业收入1，193，568.24万 元，同比增长24.75%；归属于上市公司股东的净利润为102，004.34万元，同比增长58.94%。 ...

格隆汇8月20日丨横店东磁(002056.SZ)公布2025年半年度报告，上半年公司实现营业收入119.36亿元， 同比增长24.75%；归属于上市公司股东的净利润10.20亿元，同比增长58.94%；归属于上市公司股东的 扣除非经常性损益的净利润10.71亿元，同比增长77.83%；基本每股收益0.64元；拟向全体股东每10股 派发现金红利3.8元(含税)。 ...

横店东磁公告，2025年上半年实现营业收入119.36亿元，同比增长24.75%；归属于上市公司股东的净利 润为10.2亿元，同比增长58.94%。公司拟向全体股东每10股派发现金红利3.8元（含税），送红股0股 （含税），不以公积金转增股本。 （文章来源：第一财经） ...

风险提示：投资有风险，入市需谨慎。 公司最新公告显示，截至公告披露日，公司为下属公司提供担保总余额为4.19亿元，占公司最近一期经 审计净资产的4.16%。公司及下属公司不存在为合并报表范围外单位提供担保，也不存在逾期担保情 况。 横店东磁股价报15.76元，较前一交易日下跌0.40元，跌幅2.48%。当日成交额达7.39亿元，换手率为 2.87%。 横店东磁主营业务涵盖磁性材料、新能源电池、光伏组件等产品的研发、生产和销售。公司产品广泛应 用于消费电子、汽车电子、工业控制、新能源发电等领域。 ...

Core Viewpoint - The company, Hengdian East Magnetic, expects a significant increase in net profit for the first half of 2025, projecting a profit of 960 million to 1.05 billion yuan, which represents a growth of 49.6% to 63.6% compared to the same period last year [1] Financial Performance - The projected net profit attributable to shareholders for the first half of 2025 is between 960 million and 1.05 billion yuan, compared to 642 million yuan in the same period last year, indicating a substantial increase [1] - The net profit after deducting non-recurring gains and losses is expected to be between 1.02 billion and 1.11 billion yuan, up from 602 million yuan year-on-year, reflecting a growth of 69.4% to 84.3% [1] - The basic earnings per share are projected to be between 0.6 yuan and 0.66 yuan [1]