Bethel Automotive Safety Systems (603596) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 reached ¥5.16 billion, up 30.04% year-over-year, with net profit attributable to shareholders at ¥522 million, up 14.19%.

• Main business covers automotive braking, intelligent driving, and steering systems, with strong R&D and global manufacturing presence.

• Significant growth in smart electronic control product sales (up 43.10%) and continued expansion in new energy vehicle (NEV) projects.

• Company maintains a robust customer base, including major international and domestic automakers.

Financial highlights

• Operating income: ¥5.16 billion, up 30.04% year-over-year.

• Net profit attributable to shareholders: ¥522 million, up 14.19% year-over-year.

• Operating cash flow: ¥637 million, up 62.21% year-over-year.

• Basic and diluted EPS: ¥0.86, up 14.67% year-over-year.

• Gross margin: 17.41%.

Outlook and guidance

• Company expects continued growth driven by NEV and intelligent driving system demand.

• Ongoing investment in R&D and capacity expansion to support future orders and internationalization.