Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative return of over 20% within the next six months [5]. Core Insights - The company achieved a revenue of 1.358 billion yuan in the first half of 2025, representing a year-on-year growth of 16.42%. The net profit attributable to the parent company was 29.93 million yuan, up 18.23% year-on-year [1]. - The company is positioned to leverage opportunities in the recovering global semiconductor industry, driven by demand for AI computing, storage chips, and automotive electronics [2]. - The company has established a competitive advantage in AI edge computing, automotive electronics, and sensor fields, supported by a stable and efficient business model [2]. - The company has strengthened its core technological capabilities through collaboration with the National Intelligent Sensor Innovation Center and has initiated the construction of an integrated sensing and computing ecosystem [3]. - The company has a solid core competitiveness, supported by high-quality IC supplier resources and a well-known domestic customer base, which enhances its market expansion capabilities [4]. Financial Performance and Forecast - The company expects revenues of 2.817 billion yuan, 3.155 billion yuan, and 3.572 billion yuan for the years 2025, 2026, and 2027, respectively [4]. - The forecasted net profit attributable to the parent company has been adjusted downwards to 0.755 billion yuan, 1.143 billion yuan, and 1.682 billion yuan for the years 2025, 2026, and 2027, respectively [4]. - The report provides detailed financial projections, including revenue growth rates of 8.52%, 12.00%, and 13.20% for the years 2025, 2026, and 2027 [9].