Core Business Progress - The company has made significant progress in core business breakthroughs and long-term value cultivation, adapting its operational strategies to market demands for high-quality smart products domestically and differentiated solutions overseas [1] - The new energy business has become a key growth driver, with revenue reaching 13.801 billion yuan, a year-on-year increase of nearly 54%, accounting for 38% of total revenue [3][6] New Energy Business - The new energy business has transitioned from the "strategic cultivation" phase to the "scale contribution" phase, with installed capacity of grid-connected photovoltaic power stations exceeding 25.6 GW [3] - The company has developed a unique "photovoltaic + inclusive + digital technology" model, leading the industry in household distributed photovoltaic business [3] - The integration of photovoltaic generation, storage, and charging technologies has been enhanced, establishing a comprehensive green energy ecosystem [3] Smart Home Appliances - The smart home appliance segment has shown steady growth, with revenue reaching 17.044 billion yuan, a year-on-year increase of 9.4% [5][6] - Strong growth in smart appliances was observed in both domestic (over 34%) and overseas markets (35%) [5] - The company’s innovative products, such as the Smart Mini LED TV and AI embedded TVs, have positioned it among the top five global TV brands [5][7] Financial Performance - The company reported a total revenue of 36.264 billion yuan for the first half of the year, a significant increase of 20.3% compared to the previous year [6] - Cash and cash equivalents reached 10.627 billion yuan, up 27.3% from the end of 2024, providing solid financial support for business development [11] Strategic Investments and R&D - The company has increased R&D investment to 1 billion yuan, focusing on AI technology, smart interaction, and new energy technologies [14] - Strategic investments in emerging industries such as semiconductors and new materials have been made, holding stakes in 80 unlisted companies and 9 listed companies [14] - A share repurchase plan of approximately 1.061 billion HKD was successfully implemented, reflecting confidence in future growth [14] Future Outlook - The company aims to leverage opportunities in global digitalization, intelligence, and low-carbon development to drive high-quality business growth [16] - Plans to accelerate the development of energy storage and expand the new energy business internationally are in place [16] - The company will continue to enhance its high-end strategy in smart home appliances and strengthen synergies across business segments [17]