Core Viewpoint - The company reported a revenue of 253 million yuan for the first half of 2025, reflecting a year-on-year increase of 40.4%, but incurred a loss of 762 million yuan, with an adjusted loss of 549 million yuan, compared to an adjusted loss of 602 million yuan in the same period last year [1] Financial Performance - Revenue for H1 2025 reached 253 million yuan, up 40.4% year-on-year [1] - The company reported a loss of 762 million yuan, with an adjusted loss of 549 million yuan, compared to an adjusted loss of 602 million yuan in the previous year [1] - Gross margin decreased to 24.8%, down 25.2 percentage points year-on-year [1] - Selling expense ratio decreased to 20.4%, down 8.0 percentage points year-on-year [1] - Management expense ratio decreased to 67.3%, down 34.1 percentage points year-on-year [1] - R&D expense ratio increased to 244.4%, down 137.1 percentage points year-on-year [1] Business Development - The company has made significant progress in assisted driving and robotics solutions, deepening cooperation with major clients such as Geely, Dongfeng, and FAW [1] - The A1000 series chips have been mass-produced in several new models, including Geely Galaxy E8 and Dongfeng Yipai 007 [1] - The company is developing a motion control solution for robots based on the C1200 series chips and a perception computing solution based on the A2000 chips [1] - Strategic partnerships with leading bipedal robot companies are being established to develop multimodal perception computing modules, targeting applications in humanoid robots, bipedal robots, and lawnmowers [1]