Crystal-Optech(SZ:002273)2025-08-29 09:12Financial Performance - In H1 2025, the company achieved a revenue of 30.20 billion CNY, representing a year-on-year growth of 14% [10] - The net profit attributable to shareholders for H1 2025 was 5.01 billion CNY, with a year-on-year increase of 17% [11] - The net profit excluding non-recurring items for H1 2025 was 4.46 billion CNY, reflecting a growth of 14% compared to the previous year [11] Quarterly Insights - In Q2 2025, the company reported a revenue of 15.38 billion CNY, with a quarter-on-quarter increase of 4% and a year-on-year growth of 17% [13] - The net profit for Q2 2025 was 2.80 billion CNY, showing a quarter-on-quarter increase of 27% [14] Profitability Metrics - The gross margin for H1 2025 was 29.46%, up by 2% from the previous year [15] - The net margin for H1 2025 increased by 0.5% to 16.58% [17] - Earnings per share for H1 2025 rose by 19% to 0.37 CNY [19] Business Segment Performance - In H1 2025, the revenue from the consumer electronics segment was 25.43 billion CNY, accounting for 84.19% of total revenue, with a year-on-year growth of 13% [23] - The automotive electronics (AR+) segment saw a significant increase of 79%, generating 2.41 billion CNY [23] - The reflective materials segment contributed 1.87 billion CNY, with a slight growth of 2% [23] Sales Distribution - The export sales accounted for 72.77% of total revenue, amounting to 21.98 billion CNY, with a year-on-year growth of 14.11% [30] - Domestic sales reached 7.75 billion CNY, reflecting a year-on-year increase of 19.66% [30] Expense Overview - The expense ratio for H1 2025 was 11.9%, an increase of 0.6% compared to the previous year [31] - Total expenses for the period were 35.97 million CNY, up by 20% year-on-year, primarily due to increased R&D investments and employee compensation [34] Future Outlook - The company aims for a revenue growth of 0%-30% for the full year 2025 [38] - Capital expenditures are projected to be 10%-15% of revenue [39]