Core Viewpoint - The recent financial report of Zhimi Intelligent (001339) shows significant growth in revenue and net profit for the first half of 2025, indicating improved profitability and operational efficiency [1]. Financial Performance - Total revenue for the first half of 2025 reached 1.947 billion yuan, a year-on-year increase of 15.29% [1]. - Net profit attributable to shareholders was 102 million yuan, up 80.08% year-on-year [1]. - In Q2 2025, total revenue was 1.095 billion yuan, reflecting a 12.31% increase compared to the same quarter last year [1]. - Q2 net profit was 59.595 million yuan, showing a 36.7% year-on-year growth [1]. - Gross margin improved to 24.4%, an increase of 28.0% year-on-year, while net margin rose to 9.31%, up 52.82% year-on-year [1]. Key Financial Ratios - The company reported a gross margin of 24.4% and a net margin of 9.31% for the reporting period [1]. - Total expenses (sales, management, and financial) amounted to 127 million yuan, accounting for 6.51% of revenue, which is a 17.19% increase year-on-year [1]. - Earnings per share (EPS) increased to 0.41 yuan, a rise of 78.26% year-on-year [1]. Cash Flow and Assets - Cash and cash equivalents increased by 15.08% due to higher customer payments [2]. - Accounts receivable decreased by 34.56%, attributed to increased customer payments [2]. - The company’s monetary assets are reported to be healthy, with cash assets covering current liabilities at 95.61% [4]. Business Segments - The company’s revenue breakdown for 2024 indicates that the terminal business accounts for 64.38% of total revenue, while ICT infrastructure contributes 15.65% [6]. - The industrial IoT segment represents 3.75% of revenue, and the intelligent computing business accounts for 7.46% [6]. Investment Interest - Several funds have recently increased their holdings in Zhimi Intelligent, indicating growing investor interest [5].