Overview of Operating Performance - The company reported a total revenue of 937 million yuan for the first half of 2025, representing a year-on-year increase of 30.26% [1] - The net profit attributable to shareholders reached 146 million yuan, up 98.77% year-on-year [1] - The net profit after deducting non-recurring items was 134 million yuan, reflecting a 90.3% increase year-on-year [1] - In Q2 alone, total revenue was 466 million yuan, a 16.83% increase year-on-year [1] - Q2 net profit attributable to shareholders was 81.1 million yuan, up 93.28% year-on-year [1] - Q2 net profit after deducting non-recurring items was 68.6 million yuan, a 73.35% increase year-on-year [1] Profitability Analysis - The company's gross margin improved to 27.8%, an increase of 20.33% year-on-year [2] - The net profit margin rose to 15.61%, reflecting a year-on-year increase of 52.59% [2] - These improvements indicate significant success in cost control and enhancing product value [2] Expense Control and Cash Flow - Total sales, management, and financial expenses amounted to 59.03 million yuan, with a ratio of 6.3% of revenue, down 15.87% year-on-year [3] - The net asset per share increased to 3.84 yuan, a 5.94% rise year-on-year [3] - Operating cash flow per share was 0.44 yuan, up 81.28% year-on-year [3] - Earnings per share reached 0.23 yuan, reflecting a 91.67% increase year-on-year [3] Main Business Composition - The main revenue driver was the increase in demand for passenger car crankshafts, particularly hybrid crankshafts [4] - The company made significant progress in the intelligent manufacturing of high-precision gears for electric drive systems in new energy vehicles [4] Industry and Market Environment - The company operates in the automotive parts industry, which saw strong performance in the first half of the year [6] - New energy vehicle production and sales reached 6.968 million and 6.937 million units, respectively, with year-on-year growth of 41.4% and 40.3% [6] - New energy vehicles accounted for 44.3% of total new car sales [6] - The company is actively expanding its new energy product business, achieving important progress in hybrid crankshafts and electric drive gears [6] Core Competitiveness - The company possesses advantages in technology and equipment, with significant product quality and brand strength [7] - It has a rich customer base, including international brands like BMW, Mercedes-Benz, and Volvo, as well as domestic brands [7] - The company has multiple national and provincial R&D platforms, with over 300 patents granted [7]

人民财讯8月11日电，福达股份(603166)8月11日晚间发布2025年半年报，上半年实现营业收入9.37亿 元，同比增长30.26%；归母净利润1.46亿元，同比增长98.77%。营收增长主要是乘用车曲轴，特别是混 合动力曲轴市场需求量增加所致。 转自：证券时报 ...

Group 1 - The company held a performance briefing for the fiscal year 2024 and the first quarter of 2025 on May 7, 2025, via a video recording and online text interaction [2] - Key executives, including the General Manager and independent directors, participated in the briefing to address investor concerns within the scope of information disclosure [2] Group 2 - In 2024, the company achieved a revenue of RMB 1,647.57 million, representing a growth of 21.83% compared to the previous year, primarily driven by increased demand for passenger car crankshafts, especially hybrid crankshafts [3] - For 2025, the company plans to focus on "digital management, efficient operations, and high-quality development," while expanding its business in new energy electric drive gears and hybrid crankshafts [4] Group 3 - The automotive industry in China is expected to maintain a stable and positive growth trend in 2025, supported by proactive macro policies and the implementation of large-scale equipment updates and consumption upgrades [5] - The penetration rate of hybrid vehicles in the new energy passenger car market is anticipated to continue rising, creating strong incremental demand for domestic crankshaft manufacturers [5] Group 4 - The company currently does not have direct exports to the United States, with overseas revenue in 2024 amounting to approximately RMB 39.62 million, accounting for about 2.5% of its main business revenue, primarily targeting the Asian market [6] - In 2024, the company increased its investment in overseas non-U.S. markets, achieving significant results, including securing projects in France and Sweden [8] Group 5 - In 2024, the company made notable achievements in operational management, including a cost reduction of nearly RMB 23 million through supplier integration and material localization efforts [8] - The company successfully reduced finished goods inventory by 16% year-on-year, demonstrating effective inventory management [8]