Company Overview - Sichuan Haowu Electromechanical Co., Ltd. is located in Chengdu, Sichuan Province, and was established on June 23, 1997, with its listing date on June 27, 1997 [2] - The company's main business involves the research, development, manufacturing, and sales of internal combustion engine crankshafts, as well as passenger vehicle sales and automotive aftermarket services [2] - The revenue composition of the company includes 58.92% from vehicle sales, 28.23% from mechanical parts, 12.23% from automotive aftermarket services, and 0.62% from other sources [2] Stock Performance - As of September 25, the stock price of Haowu shares decreased by 2.08% to 5.19 CNY per share, with a total market capitalization of 2.765 billion CNY [1] - Year-to-date, the stock price has increased by 39.14%, but it has seen a decline of 5.12% over the last five trading days [1] - The company has appeared on the trading leaderboard three times this year, with the most recent appearance on September 15, where it recorded a net buy of -33.2421 million CNY [1] Financial Performance - For the first half of 2025, the company reported a revenue of 1.457 billion CNY, representing a year-on-year decrease of 16.10% [2] - The net profit attributable to the parent company was 30.4317 million CNY, showing a significant year-on-year increase of 265.50% [2] Shareholder Information - As of September 19, the number of shareholders for Haowu shares was 30,000, which is an increase of 22.50% compared to the previous period [2] - The average circulating shares per person decreased by 18.37% to 17,741 shares [2] Dividend Information - Since its A-share listing, Haowu has cumulatively distributed dividends amounting to 12.1934 million CNY, with no dividends distributed in the last three years [3]

Core Insights - The company reported a revenue of 1.457 billion yuan and a net profit of 30.43 million yuan for the first half of 2025, marking a turnaround from a loss of 18.39 million yuan in the same period last year [1] - Morgan Stanley Securities significantly increased its stake in the company, becoming the 8th largest shareholder with 3.0677 million shares, representing 0.58% of total shares [1] Business Overview - The company operates in two main segments: automotive sales and services, and internal combustion engine crankshaft manufacturing [2] - The automotive sales and services segment includes vehicle sales, maintenance services, and comprehensive services, with major brands such as SAIC Volkswagen, FAW Volkswagen, FAW Toyota, and Dongfeng Nissan [2] - The crankshaft manufacturing segment focuses on R&D, production, and sales of crankshafts for various applications, leading in production and sales in the domestic passenger car crankshaft industry [2] Performance Metrics - The company produced 1.1857 million crankshafts in the first half of the year, a year-on-year increase of 3.4%, and sold 7,605 vehicles, generating 1.037 billion yuan in revenue from automotive sales [2] - The gross margins for the two main business segments were 21.94% and 8.13%, both showing year-on-year improvement [3] - The subsidiary Jin Hong Crankshaft achieved a net profit of 44.03 million yuan, a 20.89% increase year-on-year, attributed to efficiency improvements and cost optimization [3] Strategic Outlook - The company aims to actively explore new business areas and drive business transformation, aligning with industry technological trends and market demands [3] - Plans include optimizing the industrial structure and accelerating the layout in the new energy vehicle sector to enhance competitiveness [3]