Core Viewpoint - The report highlights significant growth in revenue and net profit for SEC Electric Machinery Co., Ltd. in the first half of 2025, driven by increased market expansion and improved operational efficiency [2][4][13]. Financial Performance - The company achieved operating revenue of CNY 308.27 million, a year-on-year increase of 21.94% compared to CNY 252.81 million in the same period last year [2][4]. - The total profit reached CNY 38.09 million, a substantial increase of 252.94% from a loss of CNY 24.91 million in the previous year [2][13]. - Net profit attributable to shareholders was CNY 34.97 million, up 240.92% from a loss of CNY 24.82 million [2][4][13]. - The net cash flow from operating activities was negative at CNY -19.24 million, a significant decrease from CNY 1.14 million in the previous year [2][13]. Business Overview - The main business focus is on the manufacturing of large and medium-sized electric motors, generators, and related power systems, with a strong emphasis on R&D and innovation [3][4][6]. - The company operates under an order-based production model, tailoring products to customer specifications and providing comprehensive after-sales services [3][4]. Market and Industry Context - The electric machinery and equipment manufacturing industry saw a 6.4% increase in industrial value added, with the electrical machinery sector growing by 7.0% in the first half of 2025 [3][4]. - The small and medium-sized motor industry experienced stable production and sales growth, with an increase in total industry profits and improved cost-profit ratios [3][4]. Competitive Advantages - The company holds 47 valid patents, including 21 invention patents, and has been recognized as a high-tech enterprise in Jiangsu Province [6][8]. - The company emphasizes quality management and has established a comprehensive quality assurance system, achieving various international certifications [9][10]. Strategic Developments - The company plans to diversify into upstream resource industries, including non-ferrous and precious metal investment and processing, to enhance its long-term profitability and sustainability [7][17]. - The management is focused on optimizing production processes and enhancing product quality through technological innovation and automation upgrades [6][11].

Core Viewpoint - The stock of China Electric Motor Co., Ltd. experienced abnormal trading fluctuations, with a cumulative closing price increase of 20% over two consecutive trading days, prompting the company to clarify its operational status and financial performance [1][2]. Group 1: Stock Trading Abnormalities - The company's stock trading on June 13 and June 16, 2025, saw a cumulative closing price increase of 20%, classified as abnormal trading fluctuations according to Shanghai Stock Exchange regulations [1]. - The company conducted a self-examination and confirmed that there are no undisclosed significant matters affecting the stock price [2]. Group 2: Financial Performance - The consolidated net profit for the year 2024 was reported at -10.33 million yuan, a significant decline of 123.90% compared to a net profit of 43.21 million yuan in 2023 [3]. - The decline in net profit is primarily attributed to a decrease in fair value gains from Hong Kong stocks held by the company's wholly-owned subsidiary [3]. Group 3: Valuation Metrics - The latest rolling price-to-earnings (P/E) ratio for the company is 537.90, and the price-to-book (P/B) ratio is 10.24, both significantly higher than the industry averages of 18.72 for P/E and 2.41 for P/B [2][3]. Group 4: Operational Status - The company confirmed that its production and operational activities are currently normal and orderly, with no significant changes in the internal or external operating environment [2]. - There are no undisclosed major events such as asset restructuring, share issuance, or significant business collaborations that could impact the stock price [2]. Group 5: Industry Context - The company operates in the electrical machinery and equipment manufacturing sector, specifically in the motor manufacturing industry, which may face risks due to market, economic, and policy changes affecting profitability [4].

智通财经6月16日电，中电电机(603988.SH)公告称，公司股票交易于2025年6月13日、6月16日连续2个 交易日内日收盘价格涨幅偏离值累计达到20%，属于股票交易异常波动。公司目前主营业务是研发、生 产和销售大中型直流电动机、中高压交流电动机、发电机、电机试验站电源系统和开关试验站电源系统 等成套设备。公司的日常经营情况、相关市场环境以及行业政策与前期披露的信息相比未发生重大变 化。 中电电机：公司的日常经营情况未发生重大变化 ...