Shenzhen Honor Electronic (SZ:300870)2025-09-26 07:38Financial 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%, an increase of 0.91 percentage points [3] Business Segment 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%, driven by high-power server power sales [5] - High-power server power revenue reached 662 million CNY, a remarkable increase of 216.47% year-on-year, contributing 68.76% to the data center power revenue [5] - Other power business revenue was 323 million CNY, showing a modest year-on-year growth of 0.41% [5] Strategic Initiatives - The company is actively expanding its overseas business, establishing teams in Taiwan and the USA to target various overseas clients [6] - Future plans for data center power business include focusing on high-power, high-density, and high-efficiency power supply solutions, leveraging technological innovations [9] - The power adapter business aims to expand product categories and improve operational efficiency to enhance market competitiveness [11] Future Revenue Targets - The company has set ambitious revenue growth targets for 2025 and 2026, with trigger values for revenue growth rates at 28%, 52%, and 72% for the respective years, and target values at 35%, 65%, and 90% [12] Shareholder Actions - The company completed a share reduction of 1.9 million shares from September 22 to 24, 2025, through block trading [13]