业绩表现 - 2025年上半年公司实现营业收入14.61亿元,同比增长18.70% [1] - 归母净利润2.82亿元,同比增长26.49%,扣非归母净利润2.76亿元,同比增长25.45% [1] - Q2单季度收入8.41亿元,同比+21.79%,归母净利润1.60亿元,同比+26.50% [1] 行业收入结构 - 新能源行业收入3.21亿元,同比+53.17%,占比21.98% [1] - 汽车行业收入1.75亿元,同比+53.25%,占比11.96% [1] - 3C和手机行业收入3.52亿元,同比下降4.12%,占比24.12% [1] 盈利能力 - 25H1综合毛利率39.10%,同比+3.46pct,Q2毛利率39.83%,同比+3.72pct,环比+1.73pct [2] - 3C及手机/新能源/汽车行业毛利率分别为40.48%/33.85%/37.12%,同比分别+4.95pct/+7.53pct/-3.31pct [2] - 25H1销售净利率19.28%,同比+1.19pct,Q2净利率19.02%,同比+0.71pct,环比-0.63pct [2] 费用管控 - 25H1期间费用率基本持平,销售/管理/财务/研发费用率为4.98%/7.67%/-0.72%/4.04% [2] - 销售费用率同比-0.50pct,管理费用率同比+0.13pct,财务费用率同比+1.29pct,研发费用率同比-0.66pct [2] 业务布局 - 公司打造"FA+FB+FX"一站式服务能力,覆盖全BOM表产品采购 [3] - 业务覆盖全球30多个国家和地区,包括亚洲、北美洲、欧洲、南美洲、大洋洲 [3]
怡合达(301029):中报业绩高增 毛利率持续提升