Haitian International (1882) H1 2025 earnings summary

Executive summary

• Revenue for the six months ended 30 June 2025 rose 12.5% year-over-year to RMB9,018.3 million, driven by global industrial chain restructuring and strong demand in new energy vehicles and overseas markets.

• Net profit attributable to shareholders increased 12.6% year-over-year to RMB1,711.5 million, with a stable net profit margin of 19.0%.

• Gross profit margin improved to 32.8% from 32.3% in 1H2024, aided by lower raw material prices.

• Overseas sales surged 34.7% year-over-year, while domestic sales remained stable.

• No interim dividend declared; distribution to be considered after annual results review.

Financial highlights

• Operating profit increased 13.3% year-over-year to RMB1,983.5 million.

• Gross profit increased 14.2% year-over-year to RMB2,960.2 million.

• Basic earnings per share rose 12.6% to RMB1.07.

• Net cash generated from operating activities reached RMB1,402.4 million, up from RMB1,205.4 million in 1H2024.

• Capital expenditure for the period was RMB632.6 million.

Outlook and guidance

• The global economy is expected to remain challenging in the second half of 2025, with continued divergence, trade protectionism, and weak recovery.

• The company will focus on technological innovation, expanding overseas investments and production, and enhancing local supply chains and customer value.

• Factories in Japan, Serbia, and India are set to become operational in the second half of the year.