中证报中证网讯(王珞)8月25日晚，远东传动（002406）发布2025年半年度报告。上半年，公司实现营 业收入7.18亿元，同比增长10.65%；归母净利润5469.65万元，同比增长2.93%；扣非净利润4086.11万 元，同比增长28.05%。 值得一提的是远东传动在非等速传动轴领域的规模优势。目前，公司已实现非等速传动轴规模化生产， 且能够生产8000多个品种，是全国品种较多、规格较全的专业非等速传动轴制造商之一，拥有先进的、 专业化的生产、检测设备，在非等速传动轴市场具有明显的竞争优势，综合市场占有率多年稳居行业首 位，已成长为中国非等速传动轴生产龙头企业。 远东传动是传动轴行业标准的制订者之一，被中国工业和信息化部、中国工业经济联合会认定为商用车 传动轴总成制造业单项冠军企业。公司技术创新优势明显，主要产品和技术立足自主开发，并拥有自主 知识产权，截至6月末，公司拥有各类有效知识产权197项，其中发明专利31项，实用新型专利162项， 软件著作权4项。上半年，公司研发投入4020.25万元，同比增长12.99%。 远东传动在传动轴领域经过多年的沉淀，积累了丰富的客户资源，与整车制造商保持了稳定的 ...

Core Insights - The company reported a revenue of 1.277 billion yuan for 2024, a decrease of 2.34% year-on-year, while the net profit attributable to shareholders increased by 25.76% to 118 million yuan, primarily due to a decline in raw material steel prices [1][2] Financial Performance - The automotive parts business generated approximately 1.22 billion yuan in revenue, with a gross margin increase of 2.40 percentage points [2] - The sales volume of automotive parts decreased by 1.69% to approximately 3.7082 million sets, while production volume fell by 0.39% to 3.7952 million sets [2] - The net cash flow from operating activities was about 108 million yuan, a significant increase of 247% year-on-year, attributed to increased customer payments [2] Production Capacity - The company has an annual production capacity of 6 million sets of non-uniform transmission shafts, 150,000 tons of transmission shaft forgings, and 1 million sets (with plans to increase to 2 million sets) of constant velocity drive shafts [3] Strategic Initiatives - The constant velocity drive shaft is viewed as a key product for entering the new energy vehicle sector, with sales revenue for this segment reaching 93 million yuan, a 200% increase [4] - The company is progressing with its expansion plans for the constant velocity project to meet the needs of major clients like Zhengzhou BYD and SAIC Motor [4] - The project for a production line capable of producing 200,000 high-end drive shafts has been delayed until February 28, 2027, due to challenges in the competitive domestic market [4][6] Future Outlook - The company aims to accelerate the construction of the second phase of the constant velocity drive shaft expansion project to ensure stable supply to the new energy vehicle market [6] - Research and development of new products for the chassis components of new energy vehicles will be prioritized in 2025, focusing on customized products for various vehicle models [6]