Shenzhen Honor Electronic (SZ:300870)2025-09-12 08:11Financial Performance - The company achieved a revenue of 2.12 billion CNY in the first half of 2025, representing a year-on-year growth of 32.59% [3] - In Q2 2025, revenue reached 1.23 billion CNY, showing a year-on-year increase of 36.39% and a quarter-on-quarter increase of 38.71% [3] - The gross profit margin for the reporting period was 20.31%, a decrease of 0.64 percentage points year-on-year [3] - The net profit attributable to shareholders was 134 million CNY, up 54.86% year-on-year, with a net profit margin of 6.31% [3] Business Segments Performance - Power adapter business generated 826 million CNY in revenue, a year-on-year increase of 6.61% [4] - Data center power business revenue was 962 million CNY, with a significant year-on-year growth of 94.30% [5] - High-power server power revenue reached 662 million CNY, a remarkable increase of 216.47% year-on-year [5] - Other power business revenue was 323 million CNY, showing a modest year-on-year growth of 0.41% [5] Future Plans - The company aims for a revenue growth rate of 28%, 52%, and 72% for 2024-2026, with target values of 35%, 65%, and 90% respectively [12] - The net profit growth rate targets are set at 48%, 104%, and 200% for the same period, with target values of 60%, 130%, and 250% [12] - The company plans to continue expanding its overseas business, establishing teams in Taiwan and the USA [6] Market Conditions - The global economic environment remains challenging, with geopolitical conflicts and trade protectionism affecting growth [3] - The consumer electronics market is experiencing a slowdown, impacting the power adapter segment [4] Shareholder Actions - A share reduction plan is set to take place from September 22, 2025, to December 21, 2025, involving a maximum of 1.9 million shares [13]