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【华峰测控(688200.SH)】公司25H1收入稳健增长,海外市场销售收入高增——跟踪报告之六(刘凯/于文龙)
光大证券研究· 2025-10-16 23:03
Core Viewpoint - The company has achieved significant growth in its performance in the first half of 2025, driven by the recovery of the global semiconductor industry and strategic expansion into overseas markets [4][5][6]. Group 1: Financial Performance - The company reported a revenue of 534 million yuan in the first half of 2025, representing a year-on-year increase of 40.99% [4]. - The net profit attributable to the parent company reached 196 million yuan, with a year-on-year growth of 74.04% [4]. - The non-recurring net profit attributable to the parent company was 175 million yuan, reflecting a year-on-year increase of 37.66% [4]. Group 2: Industry Context - The global semiconductor industry showed signs of stabilization and recovery in the first half of 2025, which positively impacted the company's performance [5]. - The company's growth is supported by the national strategy to enhance the autonomy and control of the industrial chain [5]. Group 3: International Expansion - The company is actively expanding its overseas market presence, achieving a remarkable growth in overseas revenue, which reached 58 million yuan, up 141.71% year-on-year [6]. - The strategy includes strengthening partnerships in traditional markets such as Europe, Japan, South Korea, and Southeast Asia, while also exploring emerging markets like Vietnam and India [6]. - Investments in overseas market resources and the establishment of localized service systems have significantly enhanced the company's international competitiveness [6].