Core Insights - Tuya Smart (TUYA.US; 02391) reported a total revenue of $155 million for H1 2025, reflecting a year-over-year growth of approximately 14.7% [1] - The company achieved a total revenue of $80.1 million in Q2 2025, marking a year-over-year increase of about 9.3% [3] - Tuya's net profit for Q2 2025 reached $12.6 million, a significant increase of approximately 302.4% compared to $3.1 million in the same period of 2024 [3] Financial Performance - H1 2025 revenue breakdown: PaaS revenue was $112 million, while SaaS and other revenues totaled $21 million [1] - Q2 2025 operating profit increased by $11.4 million, with a net profit margin rising by 11.4 percentage points to 15.7% [3] - Non-GAAP net profit margin for Q2 2025 was reported at 25.1% [3] Business Strategy - The CEO emphasized the company's resilience and effective operational leverage amid global trade uncertainties and supply chain pressures in the consumer electronics sector [5] - Tuya aims to continue focusing on core customers and regional market opportunities while optimizing resource allocation for long-term value creation [5] Developer Ecosystem - As of June 30, 2025, Tuya's AI developer platform had over 1.514 million registered developers, indicating stable growth [5] - The company has integrated AI capabilities into 93.05% of its shipped products, with AI interaction services reaching 150 million times per day [10] AI Commercialization Efforts - Tuya has organized multiple hackathon events to explore AI commercialization, resulting in numerous AI hardware prototypes with commercial potential [11] - The company is actively seeking investment opportunities in high-potential AI projects, providing comprehensive support to developers [11][12] Dividend Policy - Tuya approved a cash dividend of approximately $33 million, reflecting confidence in its industry outlook and long-term development [12]
涂鸦智能发布2025年Q2及H1财报：营收稳健增长 加速Physical AI创新