8月26日晚间，美利信（301307）发布2025年中报，实现营业收入约18.59亿元，同比增长12.41%；受毛 利率降低、资产减值增加的影响，归母净利润-1.05亿元。 今年上半年，公司围绕"质量扎根、降本提效、夯基出海"战略，在传统燃油车市场放缓与新能源车崛起 的变局中，精准施策：稳固传统份额，加速散热、储能、半导体等技术研发与生产协同；以海外基地为 支点深化全球化布局。聚焦通信、汽车、半导体、储能四大领域，构建零部件及结构件的全链研发制造 能力，在变革中夯实根基，蓄力未来增长。 在通信领域，公司与爱立信及国内头部通信设备制造商具有多年的合作历史，在新产品的预研保持同步 开发，具有很强的合作黏性。今年上半年进入了诺基亚等通信客户的供应体系。在储能领域，今年上半 年进入正浩等储能客户的供应体系。在半导体领域，已配套上海、深圳等国内行业头部客户。 目前，公司在重庆、襄阳、东莞、马鞍山建立了生产基地。北美生产基地已获新一代无人驾驶新能源汽 车客户产品及储能客户产品定点，公司生产基地的全球布局能够贴近服务客户，快速响应客户的需求。 为实现探索行业高新技术领域，公司于2025年初布局华东地区，成立美利信(上海)公 ...

Core Viewpoint - Saiwu Technology (603212.SH) reported a significant decline in revenue and net profit for the fiscal year 2024, indicating financial challenges faced by the company [1][2][3]. Financial Performance Summary - For the year 2024, the company achieved operating revenue of 3.004 billion yuan, a decrease of 27.89% compared to the previous year [2][3]. - The net profit attributable to shareholders was -284.93 million yuan, a decline from a profit of 103.61 million yuan in the previous year, representing a 375% decrease [2][3]. - The net profit after excluding non-recurring gains and losses was -286.14 million yuan, down from 87.96 million yuan, marking a 425.29% decline [2][3]. - The net cash flow from operating activities was 365.04 million yuan, showing a substantial increase of 1,381.36% year-on-year [2][3]. Q1 2025 Performance Summary - In the first quarter of 2025, the company reported operating revenue of 643.20 million yuan, a decrease of 27.35% year-on-year [3]. - The net profit attributable to shareholders for Q1 2025 was -33.15 million yuan, compared to a profit of 28.55 million yuan in the same period last year, reflecting a 216.13% decline [3]. - The net profit after excluding non-recurring gains and losses was -36.33 million yuan, down from 27.98 million yuan, indicating a 229.83% decrease [3]. - The net cash flow from operating activities was -9.28 million yuan, an improvement of 63.17% compared to -25.20 million yuan in the previous year [3]. Dividend Policy - The company plans not to distribute cash dividends or increase share capital from reserves for the fiscal year 2024 [1].