Hangcha Group (603298) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 reached ¥9.30 billion, up 8.74% year-over-year; net profit attributable to shareholders was ¥1.12 billion, up 11.38%.

• The company maintained industry leadership, driven by innovation in electric and intelligent logistics vehicles, and expanded global presence with new subsidiaries and manufacturing bases.

• Overseas sales hit a record high, with nearly 60,000 units sold and over 25% year-over-year growth.

• The company continued to invest in R&D, digital transformation, and talent development to support high-quality growth.

Financial highlights

• Operating income: ¥9.30 billion, up 8.74% year-over-year.

• Net profit attributable to shareholders: ¥1.12 billion, up 11.38% year-over-year.

• Operating cash flow: ¥351 million, down 43.56% year-over-year due to increased receivables and inventory from overseas expansion and rental business growth.

• Basic and diluted EPS: ¥0.86, up 11.69% year-over-year.

• Gross margin improved, with cost control and lean management initiatives.

Outlook and guidance

• The company will continue to focus on innovation, digitalization, and internationalization, aiming to strengthen its position in electric and intelligent logistics vehicles.

• Plans to further expand global manufacturing and service networks, especially in Southeast Asia.

• Emphasis on new energy products, intelligent logistics, and supply chain resilience to address market uncertainties.