公司2024年受欧洲客户户储库存影响，新能源业务短期波动，2025年欧洲储能市场需求提振恢复，全球 范围内新市场业务持续拓展，公司新能源业务板块亦重回增长通道，为公司业绩贡献新动能。(文穗) 科士达（002518）于2025年8月27日晚发布2025年半年度报告，公司上半年实现营业收入21.63亿元，同 比增长14.35%；归母净利润2.55亿元，同比增长16.49%。第二季度实现收入12.19亿元，同比增长 15.00%，环比增长29.25%；第二季度归母净利润1.44亿元，同比增长51.58%，环比增长29.93%。公司 布局"数据中心+新能源"双板块业务，2025年上半年呈现双增长态势。 公司数据中心业务是其核心主业。随着AI技术的推进，国内外互联网厂商率先启动，掀起新一轮数据 中心基建热潮。产品层面，公司已布局不间断电源(UPS)、高压直流电源(HVDC)、温控、微模块、电力 模块、铅酸/锂电池等数据中心基建核心产品；在互联网领域客户端，已成为字节跳动、阿里巴巴、京 东、万国、世纪互联等互联网客户主要供应商。在海外市场，公司不断加大对海外区域布局，实现对北 美、欧洲、东南亚等数据中心市场的重大突破。 ...

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - The domestic charging pile market is shifting from emphasizing construction speed to high - quality development, with potential for increased market share and attention to niche applications [22]. - The charging module market requires technology innovation and high - quality development due to high technical barriers [23]. - China's new energy vehicle battery swapping market will grow rapidly with policy support and technological and business model maturation [23]. - The global energy system's low - carbon transformation provides a policy guarantee for the new energy storage industry, and the power market reform creates development space for it [24]. - The company responds to the competition in the energy storage market by enhancing product efficiency, reliability and driving differentiation through innovation [25]. - The company's power quality products have a wide range of applications, and it maintains an advantage in the market through R & D and channel expansion [26]. - The company's products for data centers and smart computing centers benefit from the growth of the AI - related sectors, and it makes forward - looking preparations for this field [27]. 3. Summary by Directory 3.1 Research Basic Information - The research object is Shenghong Co., Ltd., belonging to the power equipment industry. The reception time was May 30, 2025, and the receptionist was Hu Tianshun, the board secretary [16]. 3.2 Detailed Research Institutions - Institutions participating in the research include Great Wall Fortune (other), Boshi Fund (fund management company), Rongyuan Dafang Investment (other), Baoying Fund (fund management company), Jinyuan Securities (securities company), Jianxin Pension (other financial company), Oriental Alpha Fund (fund management company), and Guolian Minsheng (securities company) [17]. 3.3 Research on Company's Business - **Domestic Charging and Battery - Swapping Market**: The domestic charging pile market is moving towards high - quality development, and the battery - swapping market will grow rapidly with policy support [22][23]. - **Energy Storage Market**: The low - carbon transformation of the global energy system and power market reform provide development opportunities for the energy storage industry, and the company takes actions to deal with competition [24][25]. - **Power Quality Products**: The company's power quality products are widely used in over 30 industries, and it maintains market leadership through R & D and channel expansion [26]. - **AIDC Field**: The company's products are used in data centers and smart computing centers, and it makes forward - looking preparations for this field [27].