Zhejiang Yongtai Technology reports strong first-half earnings on battery, plant protection growth

Zhejiang Yongtai Technology reported a 21.97% increase in operating revenue to RMB 2,609,315,432.03 for the first half of 2025, with net profit attributable to shareholders rising 56.17% to RMB 58,800,194.22. This growth was primarily fueled by substantial sales increases in the lithium battery and plant protection categories, which saw revenue rise by 105.74% and 63.67%, respectively. Meanwhile, the pharmaceutical sector experienced a 30.83% decline due to patent expirations and increased competition.

The company's total assets decreased by 1.35% to RMB 11,039,581,013.96, while net assets attributable to shareholders increased by 2.83% to RMB 2,746,932,752.61. The semi-annual report also details the company's commitment to innovation, with R&D investment increasing by 21.92% to RMB 60,266,579.38. Additionally, the company is actively addressing several lawsuits, with total economic losses for one intellectual property infringement case amounting to RMB 88,710.

The board approved the semi-annual report on August 27, 2025, and confirmed no cash dividends, bonus shares, or capital increase from capital reserves for the period. These results highlight the company's strategic focus on high-growth sectors and operational efficiency amid a challenging pharmaceutical market.