Beitek Technology Achieves Revenue of 111.3 Billion CNY and Net Profit of 5500.05 Million CNY in the First Half of 2025 | Earnings Release
August 14, Beitek Technology (603009) released its half-year report for 2025.
In the first half of the year, the company achieved revenue of 111.3 billion CNY, a year-on-year increase of 14.71%; and net profit attributable to shareholders of 5500.05 million CNY, a year-on-year increase of 45.14%. The growth in revenue was mainly driven by the steady growth of various business segments, particularly the air conditioning compressor business segment.
In the first half of 2025, the company's gross margin was 19.12%, a year-on-year decrease of 0.08 percentage points; and net profit rate was 5.13%, an increase of 1.23 percentage points compared with the same period last year. From a quarterly perspective, in the second quarter of 2025, the company's gross margin was 20.03%, an increase of 1.52 percentage points year-on-year, and up 1.86 percentage points from the previous quarter; net profit rate was 5.91%, an increase of 1.49 percentage points compared with the same period last year, and up 1.59 percentage points from the previous quarter.
In the first half of 2025, the company's operating expenses were 13.9 billion CNY, a decrease of 608.54 million CNY compared with the same period last year; operating expense rate was 12.44%, a decrease of 2.46 percentage points year-on-year. Among them, sales expenses decreased by 24.80% year-on-year, management expenses increased by 15.42% year-on-year, research and development expenses increased by 1.67% year-on-year, and financial expenses decreased by 51.71% year-on-year.
Data shows that Shanghai Beitek Technology Co., Ltd. was established in 2002, with its main business involving the R&D, production, and sales of automotive air conditioning compressors. The main business revenue structure consists of chassis component business (68.14%), air conditioning compressor business (24.04%), aluminum lightweight business (6.41%), and other businesses (1.41%).