--- title: "【真灼港股动向】东江集团（02283.HK）保持多元化客户及市场策略，预期下半年消费级产品需求持续改善" type: "Topics" locale: "zh-HK" url: "https://longbridge.com/zh-HK/topics/33099647.md" description: "真灼 8 月 19 日讯，$TK GROUP HLDG(02283.HK) ，昨日公布其截至 2025 年 6 月 30 日止六个月的中期业绩。2025 年上半年，全球经济环境面临诸多挑战与不确定因素，包括美国对等关税政策实施以及中东地区地缘政治冲突升温，造成市场明显波动。受贸易政策不确定性影响，及对关税导致通胀、失业率上升及经济衰退的忧虑，美国消费者支出趋于谨慎，消费意愿亦有所降低，部分消费电子品牌商的采购..." datetime: "2025-08-19T04:56:43.000Z" locales: - [en](https://longbridge.com/en/topics/33099647.md) - [zh-CN](https://longbridge.com/zh-CN/topics/33099647.md) - [zh-HK](https://longbridge.com/zh-HK/topics/33099647.md) author: "[真灼财经](https://longbridge.com/zh-HK/profiles/1067948.md)" --- > 支持的語言: [English](https://longbridge.com/en/topics/33099647.md) | [简体中文](https://longbridge.com/zh-CN/topics/33099647.md) # 【真灼港股动向】东江集团（02283.HK）保持多元化客户及市场策略，预期下半年消费级产品需求持续改善 Zhenzhuo August 19 news, $TK GROUP HLDG(02283.HK), announced its interim results for the six months ended June 30, 2025 yesterday. In the first half of 2025, the global economic environment faced numerous challenges and uncertainties, including the implementation of U.S. reciprocal tariff policies and escalating geopolitical conflicts in the Middle East, leading to significant market volatility. Affected by trade policy uncertainties and concerns about inflation, rising unemployment, and economic recession caused by tariffs, U.S. consumer spending became more conservative, and purchasing willingness also declined, impacting some consumer electronics brands' procurement. Dongjiang Group adopted a more conservative strategy, slowing down the pace of new product development. In the first half of 2025, the group's revenue reached HKD 1,050.3 million, up 4.3% year-on-year. Among them, the injection molding components manufacturing business fell by 5.2% due to the cautious procurement strategies of some downstream industry customers, while the mold-making business recorded strong growth, rising 30.4% year-on-year. During the period, benefiting from the strong growth of the higher-margin mold-making business, the group's gross profit rose 6.1% to HKD 265.4 million, with the gross margin increasing by 0.5 percentage points to 25.3%; the profit attributable to the company's shareholders rose 8.8% year-on-year to HKD 86.8 million. The net profit margin increased by 0.4 percentage points to 8.3%, and basic earnings per share were 10.5 HK cents, up 9.4% year-on-year. The board has resolved to recommend the payment of an interim dividend of 4.3 HK cents per share for the six months ended June 30, 2025, with a payout ratio of 41.3%. **Business Review** As a global leading one-stop integrated injection molding solution provider, Dongjiang Group offers tailored, cost-effective, and high-precision injection molding products and services to many internationally renowned enterprises. The group's injection molding business has long served many leading international consumer electronics brands. At the beginning of the year, affected by weak consumer confidence in Europe and the U.S., product demand shrank in the second quarter, with some brand customers adjusting order volumes or delaying shipment plans. However, benefiting from a diversified customer base, the mobile phone and wearable devices segment and the smart home segment only slightly declined by 3.8% and 0.7% year-on-year, respectively. The commercial communication equipment segment adjusted from last year's peak due to customer procurement cycles, with revenue falling 45.4% year-on-year. During the period, the medical and personal care segment revenue increased by 14.8% year-on-year. Among them, orders from some medical consumables brand customers rebounded, with revenue significantly increasing by 24.0% year-on-year; revenue from personal care brand customers grew steadily, up 4.5% year-on-year. Dongjiang Group will continue to expand its efforts to develop medical brand customers at home and abroad, actively seizing the long-term development opportunities in the medical and health industry to further expand market share. **Injection Molding Components Manufacturing Business (accounting for approximately 66.6% of total revenue)** In the first half of 2025, the revenue of the injection molding components manufacturing business segment was approximately HKD 699.7 million, down 5.2% year-on-year. The group's injection molding business order volume was dragged down by the slowdown in the consumer market, and the gross margin of the injection molding business fell by 0.3 percentage points to 21.4%. **Mold-Making Business (accounting for approximately 33.4% of total revenue)** In the first half of 2025, the revenue from external customers in the mold-making business was approximately HKD 350.6 million, up about 30.4% from approximately HKD 268.9 million in the same period last year. The group's mold demand has continued to grow steadily since its recovery at the end of 2023. In response to strong market demand, the group has gradually increased investment since the beginning of the year to enhance precision mold manufacturing capabilities and accuracy, maintaining its technological leadership in the mold industry and actively expanding into promising market segments such as medical, consumer electronics, and smart homes to diversify its customer base. The investment in precision mold manufacturing capabilities led to a slight decline of 0.6 percentage points in the segment's gross margin to 32.9% during the period. **Outlook** Looking ahead to the second half of 2025, the overall economic situation remains uncertain. To continue the "trade-in" policy from the first half and further boost the domestic demand market, China is expected to release approximately RMB 138 billion in state subsidies to stimulate economic performance in the second half of the year, driving continued improvement in demand for consumer products. A group of emerging high-quality Chinese consumer electronics brands are actively preparing to launch new products, and Dongjiang Group's management remains cautiously optimistic about future business development. Mr. Li Peiliang, Chairman of Dongjiang Group, said: "The group has successfully established an overseas production base in Vietnam and further expanded production capacity during this period, adding approximately 5,000 square meters of factory space, forming a 'China + Vietnam' dual production base layout. This provides supply options outside China and allows flexible production allocation based on customer orders, enhancing flexibility and efficiency, giving the group a greater advantage in expanding into Southeast Asian and European and American markets. At the same time, the Suzhou factory will further expand production capacity to comprehensively strengthen production efficiency and seize new business opportunities emerging in the East China region. The headquarters in Guangming District, Shenzhen, will also continue to increase capital investment, on one hand expanding fully automated medical consumables clean rooms, and on the other hand improving mold manufacturing technology and precision, maintaining a solid technological advantage to stay ahead in the industry and meet the increasingly stringent requirements for structural design and precision in medical equipment and high-end consumer electronics, providing customers with higher-quality, innovative plastic product solutions." He added: "The group actively responds to the national new quality productivity strategy, combining data platforms, artificial intelligence, and Industry 4.0 technologies to comprehensively optimize production management, improve process precision and automation levels, effectively improving production efficiency and achieving cost reduction and efficiency gains." Mr. Weng Jianxiang, Executive Director and CEO of Dongjiang Group, added: "The group has continuously advanced technological breakthroughs and innovation, continuously improving mold, injection molding, and related process capabilities to create diversified high-end plastic shell products for domestic and international brand customers, supporting rapid iteration of end products. In July this year, the group reached a strategic cooperation with Finland's TactoTek, officially obtaining the patent license for TactoTek's In-Mold Structural Electronics (IMSE®) technology, becoming the first automotive-grade IMSE® electrical functional film supplier in China. The group has completed the deployment of IMSE®-specific production lines at its Shenzhen, Huizhou, and Suzhou production bases that comply with IATF 16949 standards, achieving vertical integration from mold development, material engineering to mass production, successfully reducing the related product development cycle by more than 50%, and significantly reducing the complexity and transportation costs of cross-border supply chains." He added: "AI technology is accelerating hardware upgrades, continuously driving the growth of the consumer electronics industry. The group is seizing this opportunity to deepen strategic cooperation with consumer electronics brands, actively investing in new product R&D, expanding market share, and has successfully entered the supply chain of leading companies in the metaverse industry, supporting AR glasses R&D from mold manufacturing to product design, promoting the accelerated implementation of more cutting-edge technologies." In 2025, Dongjiang Group hired Boston Consulting Group (BCG) as a corporate consultant, aiming to achieve significant breakthroughs in Dongjiang's business through systematic organizational diagnosis and strategic upgrade projects. The project mainly involves internal diagnosis, external analysis of the mold and injection molding markets, and benchmarking studies to accurately identify the group's improvement space in key areas such as strategic planning, organizational structure, performance management, and talent development, and accordingly develop scientifically feasible improvement plans, clarifying short-, medium-, and long-term action measures to inject new momentum into the group's sustainable and high-quality development. ### 相關股票 - [TK GROUP HLDG (02283.HK)](https://longbridge.com/zh-HK/quote/02283.HK.md)