Core Insights - Greebo reported a slight decrease in revenue but an increase in net profit and profitability metrics for the first half of 2025, indicating a solid financial performance despite revenue challenges [1][2]. Financial Performance - The company achieved an operating income of 2.977 billion yuan, a year-on-year decrease of 0.49% [1]. - The net profit attributable to shareholders reached 133 million yuan, reflecting a year-on-year growth of 9.5% [1]. - The non-recurring net profit was 158 million yuan, up 31.91% year-on-year [1]. - The gross profit margin improved to 30.38%, an increase of 3.39 percentage points compared to the previous year [1]. - Basic earnings per share were 0.27 yuan, representing an 8% increase year-on-year [1]. Business Segments and Growth - Greebo has strengthened its competitive advantage in the lithium battery OPE sector, catering to diverse needs from household users to professional landscaping companies [2]. - The sales performance of key products showed significant growth, with lawn mowers generating 787 million yuan (up 5.95%), zero-turn mowers at 175 million yuan (up 63.02%), and power tools at 120 million yuan (up 72.95%) [2]. - The third-generation robotic lawn mower launched in Europe, featuring advanced sensor technologies, saw a sales revenue increase of 68.92% year-on-year, becoming a new growth point for the company [2]. Production and Supply Chain - Greebo has established a collaborative manufacturing base across China, Vietnam, and the United States, focusing on core technology development and localized production [3]. - The company is advancing the construction of its Vietnam manufacturing base, which has already commenced production for U.S. products, with the second phase of construction starting in July [3]. Strategic Initiatives - The company is accelerating its entry into the intelligent robotics sector through strategic partnerships, including investments in Zhejiang Zhidong and Annu Intelligent [4]. - Greebo's collaboration with Zhiyuan Innovation aims to leverage strengths in product development and smart manufacturing to enhance the commercial cleaning robot industry [4]. - A new investment fund has been established in partnership with Hengtai Huasheng to explore opportunities in the "robotics + artificial intelligence" sector, focusing on early to growth-stage high-potential projects [5].