Shanghai Welltech Automation Co.,Ltd. Turns Profitable in H1 2025 with Net Profit of 177 Million Yuan

On August 28, Shanghai Welltech Automation Co.,Ltd. (002058) released its 2025 interim report. The company recorded operating revenue of 50.93 million yuan, down 26.7% year-over-year. Net profit attributable to the parent company successfully turned around from a loss of 7.71 million yuan in the same period last year to a profit of 177 million yuan. Non-GAAP net profit attributable to the parent improved from a loss of 8.98 million yuan in the previous year to a loss of 4.53 million yuan, showing a reduction in losses. Net operating cash flow was negative 6.63 million yuan, declining 320.2% year-over-year. Fully diluted EPS reached 1.2345 yuan.

For the second quarter specifically, the company generated operating revenue of 26.50 million yuan, down 27.0% year-over-year. Net profit attributable to the parent successfully turned around from a loss of 2.60 million yuan in the same period last year to a profit of 183 million yuan. Non-GAAP net profit attributable to the parent also turned profitable, reaching 1.11 million yuan compared to a loss of 3.84 million yuan in the previous year. EPS for the quarter was 1.2738 yuan.

As of the end of the second quarter, the company's total assets stood at 431 million yuan, representing a 36.2% increase from the end of the previous year. Net assets attributable to the parent reached 304 million yuan, up 141.3% from year-end.

According to the company's 2025 interim report, the main operating businesses during the reporting period were divided into instrument manufacturing and automotive inspection tooling manufacturing. Notably, the company completed a major asset disposal in May 2025, selling its automation instrument business assets to Shanghai Zizhu Technology Industry Investment Co., Ltd. Following the completion of this transaction, the company will no longer engage in instrument manufacturing.

The report also mentioned that the core competitiveness of the automotive inspection tooling manufacturing business is primarily reflected in rich technical experience, excellent product manufacturing and service quality, pioneering research in new technologies, and an efficiency-focused management system. The company will continue to focus on improving product technology levels and service quality to address market competition risks.