2025-09-12 15:02Financial Performance - In the first half of 2025, the company achieved operating revenue of 3.507 billion CNY, a year-on-year increase of 4.33% [2] - Main business revenue reached 3.226 billion CNY, growing by 11.08% [2] - Net profit attributable to shareholders was 305 million CNY, up 154.81% [2] - Net profit excluding non-recurring gains and losses was 234 million CNY, a significant increase of 588.18% [2] Export and Sales - Overseas sales revenue for the first half of 2025 was 513 million CNY, a decrease of 13.58% [3] - Sales revenue from exports to the United States was 217 million CNY, an increase of 45.10% [3] Production Capacity and Revenue Structure - The actual production capacity for rare earth permanent magnet materials reached 32,000 tons in 2024, with a target of 60,000 tons by 2027 [4] - Revenue from the new energy vehicle and auto parts sector was 1.675 billion CNY, with a sales volume increase of 28.14% [4] - Revenue from the variable frequency air conditioning sector was 1.050 billion CNY, with a sales volume increase of 19.85% [4] - Other sectors included wind power (214 million CNY), robotics and industrial servo motors (133 million CNY), and 3C products (101 million CNY) [4] Robotics and R&D - The company upgraded its R&D department to focus on embodied robot motor rotors, indicating a strategic shift towards this growth area [5] - Initial small-batch product deliveries have been made, positioning robotics as a potential key growth driver [5] Rare Earth Recycling - The company holds a 51% stake in Yinhai New Materials, specializing in rare earth recycling [6] - Yinhai New Materials achieved revenue of 78.89 million CNY and a net profit of 13.59 million CNY in the first half of 2025 [6] Dividend Policy - The company has implemented a cash dividend policy since its listing in 2018, with cumulative cash dividends exceeding 1.2 billion CNY, accounting for over 47% of the net profit attributable to shareholders [7] - For the first half of 2025, a cash dividend of 1.80 CNY per 10 shares is proposed, totaling approximately 247 million CNY, which represents 81% of the net profit for the period [8]