Group 1 - The stock price of New Beiyang on August 27 closed at 8.13 yuan, down 0.30 yuan, a decrease of 3.56% from the previous trading day [1] - The opening price was 8.45 yuan, with a high of 8.50 yuan and a low of 8.12 yuan, and the trading volume reached 427,258 hands, with a transaction amount of 356 million yuan [1] - New Beiyang operates in the computer equipment industry, focusing on the research and manufacturing of smart devices [1] Group 2 - The company has successfully implemented its smart vending products in various scenarios, including unmanned retail and sampling [1] - In the trendy toy sector, New Beiyang is actively expanding its customer base, although the current business scale is relatively small [1] - The company reported that its smart micro-super products have achieved continuous large-scale sales in the unmanned retail sector [1] Group 3 - New Beiyang is conducting new retail comprehensive operations through its controlling subsidiary, with a business model that includes hardware sales and software platform support [1] - On August 27, the net outflow of main funds for New Beiyang was 43.31 million yuan, with a cumulative net outflow of 176 million yuan over the past five trading days [2]

Group 1 - The core viewpoint of the article highlights that New Beiyang's smart vending products have been successfully implemented in various scenarios, indicating a positive trend in their market application [2] - The smart micro-supermarket products have achieved continuous large-scale sales in the "unmanned retail and sampling" scenarios, showcasing the company's growth potential in these areas [2] - In the "trendy toys" scenario, the company is actively expanding its customer base, although the current sales volume is relatively small and does not significantly impact overall revenue [2] Group 2 - New Beiyang's smart vending products exhibit diversified business model advantages, allowing the company to sell both hardware products and provide software support through its intelligent unmanned retail cloud platform [2] - The establishment of the holding company, Yingqi Technology, focuses on comprehensive new retail operations, further diversifying the company's business strategy [2]

Financial Performance - The company achieved a revenue of 1.28 billion CNY in the first half of 2025, representing a year-on-year growth of 24% [3] - Net profit attributable to shareholders reached 37 million CNY, with a significant increase of 115% compared to the previous year [3] Business Segment Performance - Printing and scanning business generated 270 million CNY, up 34%, accounting for 21% of total revenue [3] - Smart self-service terminals brought in 340 million CNY, a 62% increase, making up 27% of total revenue [3] - Smart financial devices saw a revenue of 170 million CNY, down 23%, representing 13% of total revenue [4] - Intelligent logistics equipment revenue surged to 120 million CNY, a 130% increase, contributing 9% to total revenue [4] - Service operation business earned 190 million CNY, growing 13%, and accounted for 15% of total revenue [4] - Key components maintained stable revenue of 130 million CNY, representing 11% of total revenue [4] Market Performance - Domestic market revenue was 750 million CNY, a 15% increase from 650 million CNY, accounting for 58% of total revenue [4] - Overseas market revenue reached 530 million CNY, a nearly 40% increase from 380 million CNY, making up 42% of total revenue [4] Strategic Insights - The company focuses on "unmanned and less manpower" strategies to achieve quality growth [3] - The overseas business has a gross margin of nearly 40%, which is 10%-15% higher than similar domestic businesses [7] - The company is actively expanding its presence in emerging markets and enhancing its global supply capabilities [7] Future Outlook - The company is exploring new demands in digital currencies and stablecoins, aligning with its strategic planning [9] - The Thai factory is set to produce specialized printing and scanning products, with an annual capacity of hundreds of thousands of units [9]

Core Viewpoint - The company, New Beiyang, is expected to achieve significant growth in net profit and revenue in the first half of 2025, driven by its logistics automation and smart retail solutions [1][2]. Group 1: Financial Performance - New Beiyang forecasts a net profit of 34.7 million to 38.2 million yuan for the first half of 2025, representing a year-on-year increase of 100% to 120% [1]. - The company anticipates a non-recurring net profit of 30.93 million to 33.8 million yuan, reflecting a year-on-year growth of 650% to 720% [1]. - The revenue from overseas operations reached 999.2 million yuan in 2024, marking a 24% increase and accounting for over 40% of total revenue for the first time [2]. Group 2: Business Segments - The company is experiencing continuous growth in its logistics automation equipment sales, particularly in smart logistics sorting solutions [1]. - Smart self-service terminal products, including smart express cabinets and vending machines, are also seeing significant sales growth [1]. - New Beiyang's new retail comprehensive operation business is in a growth phase, focusing on product sales while exploring diversified value-added services such as membership, sampling, advertising, and brand marketing [2]. Group 3: Market Position and Strategy - The company has established a global marketing service network, with products sold in over 40 countries and regions across Europe, Asia-Pacific, and the Americas [2]. - New Beiyang's smart micro-super products are being applied in unmanned retail, sampling, and trendy toy scenarios, with ongoing sales growth in unmanned retail and sampling [2]. - The company expects continued strong growth in its new retail comprehensive operation business, logistics sorting solutions, and specialized product solutions for self-service terminals and financial equipment in 2025 [2].

Performance Forecast - The company expects a net profit of 34.7 million to 38.2 million yuan for the current reporting period, representing a growth of 100% to 120% compared to the previous year, which had a net profit of 17.36 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between 30.93 million and 33.8 million yuan, showing an increase of 650% to 720% from the previous year's 4.12 million yuan [1] - Basic earnings per share are estimated to be between 0.0437 yuan and 0.0481 yuan, compared to 0.0273 yuan in the same period last year [1] Reasons for Performance Change - The rapid increase in sales scale of logistics equipment is a key driver of performance growth [2] - The smart self-service terminal products, including smart express cabinets and smart vending machines, continue to experience significant growth [2] - The new retail comprehensive operation business is also growing, supported by an increase in the number of operational points and improved operational efficiency [2] - The company maintains its strategic focus on "无人化、少人化" (unmanned and less manpower) and aims for quality growth through its "three strategic growth curves" [2]