2025-09-02 01:16Financial Performance - The company achieved a revenue of CNY 113.15 billion in the first half of 2025, remaining stable year-on-year [3] - The net profit attributable to shareholders was CNY 5.64 billion, a slight decrease of 4.4% compared to the previous year [3] - The gross profit margin increased by 0.4 percentage points to 22.2% [3] - Cash dividend payout ratio rose to 57%, with total cash dividends exceeding CNY 19 billion since 2021 [3][10] Business Segments - The M series large-bore engine sales exceeded 5,000 units, marking a 41% year-on-year increase [3] - Sales in the data center market reached nearly 600 units, a growth of nearly 500% [3] - The new energy business achieved battery sales of 2.3 GWh, up 91%, generating revenue of CNY 1.21 billion, a 37% increase [3] - The engine aftermarket generated revenue of CNY 4 billion, a 13% increase [3] - Direct engine exports reached 37,000 units, a 14% increase [3] International Operations - The overseas business showed strong momentum, with the Kion Group's new orders amounting to EUR 6.21 billion, a 22% increase [4] - The U.S. PSI reported record performance with revenue of USD 330 million, a 59% increase, and net profit of USD 70 million, a 145% increase [4] Strategic Initiatives - The company is accelerating the transition to new energy heavy trucks, with sales of heavy trucks reaching 73,000 units, a 15% increase, and market share rising to 13.5% [4] - New energy heavy truck sales reached approximately 10,000 units, a 255% increase [4] - The agricultural equipment sector maintained its leading position, with revenue from Leiwo increasing to CNY 9.86 billion and net profit to CNY 570 million [4] Future Outlook - The company plans to enhance structural growth and operational efficiency in the second half of 2025 [4] - The Kion efficiency plan is expected to save approximately EUR 140 to 160 million annually starting in 2026, positively impacting profitability [6] - The company anticipates continued high demand for large-bore engines and aims to expand its market share in high-end markets [7] - The natural gas heavy truck market is expected to recover due to new subsidy policies, with a focus on maintaining product competitiveness [8] - The new energy power business is projected to double its revenue year-on-year, supported by comprehensive product layout and customer engagement [9]