Take a Look! Mid-2025 Interim Report Results of Multiple Instrument and Meter Enterprises Unveiled—Which One Performed the Best?
[Instrument Network - Industry Financial Reports] As the first half of 2025 draws to a close, A-share listed companies have entered the critical period for mid-2025 interim report disclosure. Investors are focusing closely on the first-half operating "performance reports" of listed companies to identify new investment opportunities.
Statistics from Instrument Network show that as of August 19, 17 instrument and meter enterprises in the A-share market have taken the lead in disclosing their performance bulletins. Among them, a number of enterprises have achieved dual growth in operating income and net profit.
Wasion Information
On the evening of July 29, Wasion Information (688100.SH) released its 2025 semi-annual report. The report shows that the company achieved an operating income of 1.368 billion yuan in the first half of the year, a year-on-year increase of 11.9%; the net profit attributable to shareholders of the parent company was 305 million yuan, a year-on-year increase of 12.2%. Since its listing five years ago, the company has maintained a trend of dual growth in operating income and net profit, demonstrating strong operational resilience.
In the first half of 2025, the company's main business income reached 1.361 billion yuan, accounting for 99.5% of total operating income; new orders hit a new high, with 1.63 billion yuan in new orders in the first half, a year-on-year increase of 8.3%, and 3.96 billion yuan in hand contracts, a year-on-year increase of 12.6%, providing a solid guarantee for future performance. In the first half, overseas business achieved an operating income of 281 million yuan, a year-on-year increase of 25.8%, accounting for 20.8% of the main business income, indicating remarkable results of the internationalization strategy.
Hexin Instrument
On August 4, Hexin Instrument (688622.SH) issued an announcement stating that its 2025 semi-annual operating income was 52.8157 million yuan, a year-on-year decrease of 48.88%; the net profit attributable to shareholders of the listed company was -17.4596 million yuan; the basic earnings per share was -0.25 yuan per share.
Reasons for the change in operating income: During the reporting period, the company's operating performance was affected to a certain extent by factors such as adjustments in the overall market environment and the slowdown in downstream investment pace and demand, leading to a year-on-year decline in operating income.
Tonghui Electronics
On August 6, Tonghui Electronics (833509) released its 2025 semi-annual report. The report shows that the company achieved an operating income of 101 million yuan in the first half of the year, a year-on-year increase of 16.81%; the net profit attributable to the parent company was 29.3099 million yuan, a year-on-year increase of 55.40%; the net profit attributable to the parent company after deducting non-recurring gains and losses was 27.6204 million yuan, a year-on-year increase of 58.09%; the basic earnings per share was 0.18 yuan.
During the reporting period, the company's management closely focused on the annual plan formulated at the beginning of the year, implemented the strategic arrangements of the board of directors, leveraged the company's advantages, adhered to market demand-oriented and customer-centric principles, focused on the steady development of the main business, and further improved the operation and management system, increased investment in R&D and technological innovation, and steadily carried out various technological R&D and market expansion work.
Kehua Testing
On August 10, Kehua Testing (003008.SZ) disclosed its 2025 semi-annual report. During the reporting period, the company achieved an operating income of 111 million yuan, a year-on-year increase of 3.23%; the net profit attributable to the parent company was 40.79 million yuan, a year-on-year increase of 3.73%; the net profit after deducting non-recurring gains and losses was 38.87 million yuan, a year-on-year increase of 14.23%; the basic earnings per share was 0.39 yuan. The company plans to distribute a cash dividend of 3 yuan (including tax) for every 10 shares to all shareholders, with 0 bonus shares (including tax) and no conversion of capital reserves into share capital.
During the reporting period, under the leadership of the board of directors, the company's management closely focused on the national "14th Five-Year Plan" energy development plan and the "dual carbon" strategic goals, took supporting the construction of a "new power system" as the core orientation, and actively integrated into the rapid development of the new energy industry. The company actively followed up the implementation of new standards and technological innovations in the field of new power systems, seized development opportunities in relevant market areas, and carried out marketing, capacity building and scientific research innovation. The Xuchang headquarters maintained stable operations, while Zhuhai Kehua made every effort to expand its business, and all businesses developed steadily. During the reporting period, the company was designated as a "Mandatory Product Certification Laboratory for Electric Vehicle Power Supply Equipment (i.e., CCC Certification Laboratory)". To adapt to the favorable situation of the company's development and growth, the company upgraded its corporate culture to Version 2.0. All employees, centered on the new "mission, vision and values", seized opportunities, strived for progress, and worked hard to create value for customers, shareholders, employees and society, achieving dual growth in income and profits.
Orbbec
On August 11, Orbbec (688322) released its 2025 semi-annual report. In the first half of 2025, the company achieved a total operating income of 435 million yuan, a year-on-year increase of 104.14%; the net profit attributable to the parent company was 60.1901 million yuan, turning from a loss to a profit year-on-year; the net profit after deducting non-recurring gains and losses was 30.1892 million yuan, also turning from a loss to a profit year-on-year; the basic earnings per share was 0.15 yuan.
During the reporting period, along with opportunities brought by the development of large model technology, the upgrading of intelligent device terminals and continuous breakthroughs in embodied intelligence technology, the company continued to promote the accelerated promotion and implementation of 3D visual perception technology in various industries and application scenarios, continuously optimized product performance, and launched differentiated and cost-effective new products; at the same time, it further increased market promotion efforts, actively explored overseas markets, continuously explored new customer groups and application scenarios, and established stable and continuous cooperative relationships with leading enterprises in various fields.
Haineng Technology
On August 12, Haineng Technology (430476) disclosed its 2025 semi-annual report. In the first half of 2025, the company achieved a total operating income of 136 million yuan, a year-on-year increase of 34.87%; the net profit attributable to the parent company was 5.4715 million yuan, turning from a loss to a profit year-on-year; the net profit after deducting non-recurring gains and losses was 1.2197 million yuan, also turning from a loss to a profit year-on-year; the basic earnings per share was 0.07 yuan.
Haineng Technology stated that the company's performance turned from loss to profit during the reporting period because the previous R&D and market investments and the layout of multiple product varieties received good market feedback during the reporting period, and the income of the four major product series all achieved growth during the period.
Siglent Technology
On the evening of August 13, Siglent Technology (688112) released its semi-annual performance report. In the first half of 2025, the company's operating income was approximately 279 million yuan, a year-on-year increase of 24.61%; the net profit attributable to shareholders of the listed company was approximately 76.88 million yuan, a year-on-year increase of 31.54%; the basic earnings per share was 0.48 yuan, a year-on-year increase of 29.73%. During the reporting period, the company's four major core product lines (high, medium and low-end products) all achieved simultaneous growth in both price and sales volume. High-end products continued to grow, and high-resolution oscilloscopes and RF microwave products maintained rapid growth in the domestic market, driving the continuous growth of the company's overall operating income.
In the first half of 2025, the structure of the company's four major core products was continuously optimized. The operating income of high-end, mid-end and low-end products accounted for 30%, 48% and 22% respectively. All high, medium and low-end products of the four major core product lines achieved growth in both volume and price. The operating income of high-end products increased by 71.92% year-on-year, and the proportion of high-end products in operating income continued to rise. In terms of product sales unit prices, the sales volume of products with a unit price of more than 30,000 yuan increased by 51.37% year-on-year, and the sales volume of products with a unit price of more than 50,000 yuan increased by 69.61% year-on-year. The higher the product price, the faster the growth, which fully reflects the effectiveness of the high-end strategy.
Kelu Electronic
On August 14, Kelu Electronic (002121.SZ) released its 2025 semi-annual report. During the reporting period, the company achieved an operating income of 2.573 billion yuan, a year-on-year increase of 34.66%; the net profit attributable to shareholders of the listed company was 190 million yuan; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 144 million yuan; the basic earnings per share was 0.1144 yuan.
During the reporting period, facing the complex and changing economic situation, the company's management closely focused on the company's development strategy and annual operating goals, seized the development opportunities brought by the upgrading of the energy structure, actively explored the market, increased investment in R&D and innovation, and continuously optimized internal production management. During the reporting period, on the one hand, the company continued to deepen its presence in the domestic power grid market, actively expanded into non-power grid markets, and sought incremental growth by developing new customers; on the other hand, it seized the development opportunities in the overseas electric meter market and promoted the multi-point development of overseas business. During the reporting period, the company seized new opportunities in the industry's development, deepened its presence in key segmented markets, and actively expanded new customers.
Sanhui Electric
On August 14, Sanhui Electric (002857.SZ) released its 2025 semi-annual report. During the reporting period, the company achieved an operating income of 146 million yuan, a year-on-year increase of 41.64%; the net loss attributable to shareholders of the listed company was 16.3097 million yuan; the net loss attributable to shareholders of the listed company after deducting non-recurring gains and losses was 18.6158 million yuan; the basic loss per share was 0.1263 yuan.
During the reporting period, affected by fierce market competition, the prices of some of the company's businesses and products decreased, leading to a decline in the company's product gross profit margin and resulting in a loss during the reporting period. Behind the company's revenue growth without corresponding profit growth lies the fact that energy storage equipment (a low-margin product) saw a surge in sales, while the high-margin electric energy metering supporting product series experienced weak growth. Among the company's two major main products, there is a significant difference in gross profit margin between the electric energy metering supporting product series and energy storage equipment. The gross profit margin of the electric energy metering supporting product series in the first half of 2025 was 29.22%, while that of energy storage equipment was 3.6%.
Sifang Optoelectronics
On August 17, Sifang Optoelectronics (688665) released its 2025 semi-annual report. During the reporting period, the company achieved an operating income of 508 million yuan, a year-on-year increase of 49.36%; the net profit attributable to shareholders of the listed company was 84.1238 million yuan, a year-on-year increase of 103.41%; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 76.5563 million yuan, a year-on-year increase of 88.13%; the basic earnings per share was 0.84 yuan, a year-on-year increase of 104.88%.
During the reporting period, the company achieved an operating income of 507.9040 million yuan, a year-on-year increase of 49.36%, mainly due to the rapid growth of the industrial and safety business (focused on refrigerant leakage monitoring sensors) and the increased reporting period of the consolidated financial statements of Nuopu Thermal Energy and Jingding Electric (subsidiaries acquired last year).
During the reporting period, the net profit attributable to shareholders of the listed company was 84.1238 million yuan, a year-on-year increase of 103.41%; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 76.5563 million yuan, a year-on-year increase of 88.13%. This was mainly due to the continuous optimization of the company's product revenue structure, which drove the growth of the overall gross profit margin; at the same time, through the control of sales, management and R&D expenses, the company effectively improved operational efficiency, resulting in the year-on-year growth rate of overall expenses being lower than that of income.
Siyuan Electric
On August 15, Siyuan Electric (002028.SZ) released its 2025 semi-annual report. In the first half of the year, the company achieved an operating income of 8.497 billion yuan, a year-on-year increase of 37.80%; the net profit attributable to shareholders of the listed company was 1.293 billion yuan, a year-on-year increase of 45.71%; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 1.236 billion yuan, a year-on-year increase of 47.04%; the basic earnings per share was 1.66 yuan.
Siyuan Electric stated that during the reporting period, the company took "innovating smart new electric energy and enjoying a better new life" as its mission, relied on the development opportunities of the new power system, actively cultivated new productive forces, and boldly explored new international markets. By continuously increasing investment in innovation and constantly tapping the potential of all links in corporate operations, the company promoted its development.
In 2025, Siyuan Electric continued to expand overseas markets, driving a significant increase in performance. By quarter, in the first and second quarters of 2025, Siyuan Electric achieved operating incomes of 3.227 billion yuan and 5.27 billion yuan respectively, with year-on-year growth rates of 21.41% and 50.21% respectively; the net profits were 447 million yuan and 846 million yuan respectively, with year-on-year growth rates of 22.91% and 61.53% respectively.
Landun Optoelectronics
On August 15, Landun Optoelectronics (300862) released its 2025 semi-annual report. In the first half of 2025, the company achieved an operating income of 186 million yuan, a year-on-year decrease of 27.26%; the net profit was -35.071 million yuan, a year-on-year decrease of 1877.03%; the basic earnings per share was -0.19 yuan.
To address the bottlenecks in business development, the company continued to focus on new business growth points brought by the "dual carbon strategy", "digital transformation of environmental monitoring", "digital transportation" and "smart meteorology", implemented the "three-year product R&D plan", and promoted the development of high-tech new products such as atmospheric photochemical components, carbon emissions and greenhouse gases, intelligent environmental monitoring stations, advanced lidar (used in meteorological observation and environmental monitoring fields), fog monitoring, icing monitoring, and integrated transportation meteorological stations; in the transportation field, it continued to reduce system integration projects with low gross profit margins and long payment collection cycles, and focused on and actively promoted the recovery of accounts receivable; it also continued to pay attention to the application prospects of the company's products in the low-altitude economy field.
Neusoft Carrier
On August 17, Neusoft Carrier (300183.SZ) released its 2025 semi-annual report. The company's operating income was 504 million yuan, a year-on-year decrease of 9.46%; the net profit attributable to shareholders of the listed company was 13.5246 million yuan, a year-on-year decrease of 76.36%; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 5.3835 million yuan, a year-on-year decrease of 88.38%; the basic earnings per share was 0.0292 yuan.
During the reporting period, in the context of increasingly fierce market competition, the company closely focused on its development strategy and 2025 operating goals, actively responded, and continuously improved its comprehensive strength and brand value through product R&D, market development, and management improvement.
Core Motion Link
On August 18, Core Motion Link (688582) released its