Far East Holding: Strong Growth in H1 2025 with Net Profit Attributable to Shareholders Surging 210.6%
Categories：Date：2025-08-27
On the evening of August 22, Far East Holding Co., Ltd. (600869) released its 2025 semi-annual report, showcasing strong growth momentum and steady business performance. The company achieved operating revenue of RMB 12.976 billion, up 14.38% year-on-year, marking a record high for the same period. In the second quarter alone, revenue reached RMB 8.102 billion, a 66.24% increase quarter-on-quarter, setting a new quarterly record.
Net profit attributable to shareholders came in at RMB 144 million, representing a 210.60% year-on-year increase. In Q2, the figure was RMB 98 million, up 112.41% quarter-on-quarter. Operating cash flow reached RMB 433 million, a 220.68% year-on-year increase.
The company also accelerated its expansion into emerging markets such as artificial intelligence, computing power, and robotics, generating RMB 487 million in revenue during the first half, a 204.61% year-on-year increase, with Q2 revenue up 377.25% quarter-on-quarter. In addition, Far East Holding has repurchased shares worth RMB 197 million, with the Chairman increasing his holdings by over RMB 30 million, and launched an employee stock ownership plan (ESOP) worth RMB 120 million, further enhancing market confidence.
Business Highlights
Smart Cable Network
Far East continues to lead the industry, making breakthroughs in AI, robotics, computing power, and marine engineering. In H1 2025, the business achieved revenue of RMB 11.486 billion, up 11.64% year-on-year, and net profit of RMB 271 million, up 75.76% year-on-year. The company secured RMB 12.566 billion worth of large orders, up 20.68% year-on-year.
Highlights include:
Supplying high-speed copper cables in bulk to a leading global AI chipmaker, while accelerating R&D and testing of liquid-cooling solutions.
Deepening cooperation with leading humanoid robotics companies, including UBTECH and Zhiyuan.
Delivering multiple marine engineering projects, achieving major breakthroughs in submarine cable orders, and establishing joint ventures with Huadian New Energy and Shanghai Electric.
Advancing cutting-edge technologies in superconducting tapes and fusion cables in collaboration with top research institutes and universities, strengthening ties with key controlled fusion projects.
Smart Battery
The battery business maintained rapid revenue growth and significantly reduced losses, driven by the fast-evolving energy storage market and frontier technologies. In H1 2025, revenue reached RMB 687 million, up 40.13% year-on-year. Net loss narrowed to RMB 192 million, an improvement of RMB 153 million compared with the same period last year. The company signed contracts worth RMB 1.688 billion, up 121.18% year-on-year.
Key progress includes:
Continued rollout of Source & Grid-side, Commercial & Industrial, and Residential ESS projects.
High-capacity cylindrical cells achieved shipment growth of 125.47% year-on-year.
Expanded applications in robotics, low-altitude economy, smart homes, light mobility, BBUs, and medical health.
Continued breakthroughs in solid-state and sodium-ion battery technologies.
Optimization of copper/aluminum foil business structure, with rapid growth in high-value-added products and top-tier customers.
Accelerated R&D and production of HVLP high-speed PCB copper foil and nickel-plated copper foil for solid-state batteries.
Smart Airport
The Smart Airport business saw intensive project implementation, positioning itself as a new growth engine for the low-altitude economy. In H1 2025, revenue was RMB 751 million, up 37.46% year-on-year, and net profit was RMB 68 million, up 87.56% year-on-year. The company signed contracts worth RMB 1.709 billion, a 76.17% year-on-year increase.
Highlights include:
Winning bids for key projects such as Sanya Phoenix Airport and Xiamen Xiang’an Airport, consolidating leadership in high-end airport construction.
Significant progress in digital upgrades, with the self-developed Lighting Station O&M Management Platform deployed in Beijing Daxing Airport and Jinan Yaoqiang Airport.
Accelerating overseas expansion while actively developing full-scale low-altitude economy application scenarios.
Outlook
Looking ahead, Far East Holding will continue to focus on its strategic positioning of “Electric Power + Computing Power + AI”, driving high-quality and sustainable growth across its three major business segments, and further strengthening its core competitiveness.