万集科技上半年实现营收4.21亿元，亏损同比收窄32.98%

Financial Performance - In the first half of 2025, the company's revenue reached 421,132,031.03 yuan, representing a year-on-year increase of 11.47% compared to 377,798,744.64 yuan in the same period last year [2] - The net loss attributable to shareholders narrowed to 100,325,453.64 yuan, a 32.98% improvement from a loss of 149,691,342.08 yuan in the previous year [2] - The net loss after excluding non-recurring gains and losses was 119,211,217.61 yuan, a reduction of 24.4% from 157,686,042.73 yuan in the same period last year [2] - The net cash flow from operating activities was -120,371,178.66 yuan, improving by 18.88% from -148,389,845.51 yuan year-on-year [2] - Basic and diluted earnings per share were both -0.4707 yuan, showing a 32.98% improvement from -0.7023 yuan in the previous year [2] - Total assets as of the end of the reporting period were 2,820,705,805.12 yuan, down 3.78% from 2,931,470,228.46 yuan at the end of the previous year [2] - Net assets attributable to shareholders decreased by 5.25% to 1,811,756,928.57 yuan from 1,912,088,386.42 yuan at the end of the previous year [2] Industry Applications - The company actively participated in integrated vehicle-road-cloud pilot city projects, including initiatives in Hainan, Wuxi, Chengdu, and Suzhou, enhancing smart infrastructure for intelligent connected vehicles [3] - A three-tier smart governance system was established, aiding in the creation of an industry-leading "AI + perception + Internet" traffic control optimization demonstration area in Jinan [3] - The company launched various digital traffic solutions, such as network operation monitoring and proactive control of mainline channels, which have been recognized by the market and clients [3] - The digital tunnel solutions have been implemented in multiple provinces, improving safety management and emergency response efficiency in tunnels [3] - The company is expanding its market share in smart station scenarios, with digital toll station solutions gaining consensus among provinces undergoing digital transformation [3] Automotive Electronics - The company capitalized on the opportunity of end-to-end assisted driving in the new energy vehicle sector by integrating front-mounted ETC and intelligent driving systems [4] - Long-term collaborations were established with several international car manufacturers for the standardization of front-mounted ETC in their vehicles [4] - The company’s solid-state laser radar products have been applied in low-speed autonomous driving scenarios, addressing blind spots and enhancing navigation accuracy [4] - A comprehensive domestic production system for 192-line vehicle-mounted laser radar has been developed, validated by major automotive platforms, and is ready for mass production [4] - The company is accelerating the R&D of silicon-based solid-state laser radar OPA products to enhance chip integration and achieve more technological breakthroughs [4]