Sunwoda Electronic (300207) H1 2025 earnings summary

Executive summary

• Operating revenue for H1 2025 reached RMB26.99 billion, up 12.82% year-over-year; net profit attributable to shareholders was RMB855.85 million, up 3.88% year-over-year.

• Net profit after deducting non-recurring items fell 28.03% year-over-year to RMB583.26 million.

• Cash dividend of RMB0.60 per 10 shares (pre-tax) was approved, totaling RMB110.3 million.

Financial highlights

• Total assets at June 30, 2025: RMB92.25 billion, up 5.65% from year-end 2024.

• Net assets attributable to shareholders: RMB24.3 billion, up 2.41% from year-end 2024.

• Net cash flows from operating activities: RMB1.04 billion, down 39.78% year-over-year.

• Basic and diluted EPS: RMB0.47, up 4.44% year-over-year.

• Gross margin for consumer batteries improved by 1.56 percentage points year-over-year.

Outlook and guidance

• Global mobile phone and PC markets are expected to continue growth, driven by AI and new product cycles.

• The company anticipates further growth in mobile phone battery and energy storage system shipments in H2 2025.

• Domestic and overseas expansion, new production bases, and increased R&D investment are expected to support future growth.