格隆汇9月12日｜中邮证券研报指出，瑜欣电子上半年业绩同比高增。2025H1实现营收3.83亿元，同比 增长52%；实现归母净利润0.51亿元，同比增长102%。营业收入及净利润增长一方面是因为公司所处行 业景气度提升，另一方面公司加强了新客户和存量客户的新业务开拓，导致公司订单数量增长。从几个 主要的营收板块来看：2025H1，发电机电源系统配件营收2.01亿元，同比增长75%；通机配件营收1.25 亿元，同比增长15%；新能源产品0.44亿元，同比增长136%，公司非道路新能源动力装备电驱动系统项 目为公司募投项目，已完成募投项目结项及产品研发，目前已与部分行业头部客户完成小批量供货。维 持"增持"评级。 ...

Core Viewpoint - Yuxin Electronics reported significant growth in its 2025 semi-annual results, with a revenue increase of 52.27% year-on-year and a net profit growth of 101.61% [1] Financial Performance - The company achieved an operating income of 383 million yuan in the first half of the year [1] - The net profit attributable to shareholders reached 50.93 million yuan [1] - The net profit after deducting non-recurring gains and losses was also reported, indicating strong financial health [1] Business Strategy - During the reporting period, the company capitalized on the industry's upward cycle, focusing on its core electronic control components for general gasoline engines and terminal products [1] - Yuxin Electronics actively expanded its customer base, resulting in a significant increase in order numbers compared to the same period last year [1] New Business Development - The company is strategically positioning itself in multiple niche markets to foster new growth points [1] - The non-road new energy power equipment electric drive system project, which is part of the IPO fundraising projects, has been completed [1] Future Outlook - For the second half of the year, Yuxin Electronics plans to maintain stability in its traditional core business while actively developing new growth areas [1] - The focus will be on enhancing the product stability and market expansion of electric drive systems for non-road vehicles, including forklifts and stackers [1]