Core Viewpoint - The company, BlueDai Technology, reported strong financial performance in the first half of 2025, driven by its dual business segments of power transmission and touch display, showcasing robust market competitiveness and governance standards [1] Financial Performance - The company's revenue reached 1.751 billion yuan, an increase of 8.32% year-on-year [1] - Net profit attributable to shareholders was 109 million yuan, up 61.56% year-on-year [1] - The net profit after deducting non-recurring items was 89.84 million yuan, a growth of 138.00% [1] - Basic earnings per share were 0.1675 yuan, indicating significant enhancement in profitability [1] - Operating cash flow was 44.72 million yuan, showing marked improvement compared to the same period last year [1] Business Segments Power Transmission - The power transmission segment generated revenue of 961 million yuan, a substantial increase of 20.57% year-on-year [2] - Net profit for this segment was 72.18 million yuan, reflecting a growth of 48.33% [2] - The company capitalized on the booming electric vehicle industry, expanding sales of automotive components [2] - New orders in the integrated robotic joint module business indicate progress in the smart equipment sector [2] - The company’s products are now part of the supply chains of major automotive groups like SAIC, FAW, Toyota, and Geely, strengthening its growth foundation [2] Touch Display - The touch display segment reported revenue of 788 million yuan, a slight decline of 3.82% year-on-year [3] - Net profit for this segment reached 38.07 million yuan, a significant increase of 88.19% [3] - The growth in sales of automotive-related products was a key driver for performance [3] - The company has successfully supplied touch display products to renowned firms such as Corning, Innolux, and BOE, solidifying its market position [3] Financial Health Indicators - The gross margin for the first half of 2025 was 16.57%, an increase of 4.29 percentage points year-on-year [4] - The net profit margin was 6.36%, up 2.20 percentage points from the previous year [4] - In Q2 2025, the gross margin was 17.61%, showing a year-on-year increase of 4.20 percentage points [4] - The company’s operating expenses for the first half amounted to 152 million yuan, an increase of 18.14 million yuan year-on-year [4] - The expense ratio was 8.69%, up 0.40 percentage points from the previous year, with notable increases in sales, management, and financial expenses [4]