山东威达（002026）8月25日晚间披露2025年半年报。上半年，公司各业务板块稳步发展，通过技术改 造、改进工艺，实现降本增效，实现营业收入9.14亿元，较上年同期下降15.37%；实现归属于上市公司 股东的净利润1.58亿元，较上年同期增长9.31%；经营活动产生的现金流量净额1.92亿元，同比增长 86.38%。 上半年，公司核心业务电动工具配件板块实现营业收入5.57亿元。据悉，公司坚持深耕电动工具行业， 通过深化与TTI、史丹利（002588）百得、博世、牧田等全球知名品牌商的战略合作，进一步巩固了长 期稳定的客户关系，积极开发新客户，为业务增长注入新动力。公司持续开发新产品、新市场，实现电 动工具配件领域精密夹具、电动工具开关、精密铸造件、粉末冶金件、锯片等产品线全覆盖，并向家用 电器部件、汽车部件和机床功能部件等领域深入拓展。 高端智能装备业务板块上半年实现营业收入0.70亿元。子公司济南一机依托国家级企业技术中心，坚持 智能化、个性化、高端化的发展方向，持续推进主力机型的结构改型和升级工作，深耕汽车行业、工程 机械、能源行业，重点聚焦MJ、VL系列高端数控车床、MC系列车铣复合机床以及CK系 ...

Core Viewpoint - The company, Zhejiang Plade Electric Co., Ltd., has shown growth in revenue and profit, benefiting from its overseas sales and the depreciation of the RMB, while also being recognized as a "specialized and innovative" small giant enterprise in China [2][3][7]. Company Overview - Zhejiang Plade Electric Co., Ltd. was established on November 1, 2005, and went public on May 30, 2023. The company specializes in the research, design, production, and sales of electric tools, with main business revenue composition being 92.05% from electric tool assemblies, 7.25% from accessories, and 0.70% from other sources [7]. - As of March 31, 2025, the company reported a revenue of 227 million yuan, representing a year-on-year growth of 23.88%, and a net profit attributable to shareholders of 17.76 million yuan, up 4.75% year-on-year [7]. Market Position and Recognition - The company has been recognized as a "specialized and innovative" small giant enterprise, which is a prestigious title in China for small and medium enterprises that excel in niche markets and possess strong innovation capabilities [2]. - The company has established its own brand flagship stores on various e-commerce platforms, including Amazon, eBay, Taobao, and Tmall, with a brand portfolio that includes "Hengdong" and "Neumaster" [3]. Financial Performance - The company's overseas revenue accounted for 67.86% of total revenue, benefiting from the depreciation of the RMB [3]. - The company has distributed a total of 59.27 million yuan in dividends since its A-share listing [8]. Stock Performance - On August 5, the company's stock price increased by 0.94%, with a trading volume of 48.38 million yuan and a turnover rate of 5.68%, resulting in a total market capitalization of 2.639 billion yuan [1]. - The average trading cost of the stock is 26.28 yuan, with the stock currently near a resistance level of 27.48 yuan, indicating potential for upward movement if this level is breached [6].

Group 1: Stock Repurchase Plan - The company plans to repurchase shares using funds between 30 million RMB and 60 million RMB, subject to shareholder approval on May 20, 2025 [1] - The repurchased shares will be used for cancellation and reduction of registered capital [1] Group 2: Mergers and Acquisitions - The company will disclose any potential merger plans in accordance with relevant regulations [2] - Investors are advised to refer to official announcements for updates on merger activities [3] Group 3: Financial Performance and Market Impact - The performance fluctuation of Suzhou Demai Ke Electric Co., Ltd. in 2024 was attributed to market factors and business restructuring, with no significant losses reported [3] - The Mexican manufacturing subsidiary has commenced small-scale production but has not yet achieved profitability [3] Group 4: Market Value Management - The board and management emphasize market value management through various investor engagement activities [3] - The company aims to enhance its operational performance and leverage existing resources to improve its market image [4]