Core Insights - The company reported a significant revenue increase of 123.10% year-on-year, reaching 646 million yuan in the first half of 2025 [1] - Gross margin improved to 28.5%, up by 12.8 percentage points compared to the previous year [1] - Operating cash flow turned positive for the first time, amounting to 39.53 million yuan [1] Revenue Structure - The revenue was driven by three main business segments: enterprise-level, consumer-level, and industry-level, contributing 269 million yuan, 298 million yuan, and 75.74 million yuan respectively [1] - The respective revenue contributions were 41.83%, 46.38%, and 11.79% [1] R&D Investment - The company increased its R&D spending to 202 million yuan in the first half of the year, a 12% year-on-year growth [2] - The focus is on developing high-performance, cost-effective, and highly adaptable inference chips to promote AI acceleration [2] Strategic Initiatives - The company aims to build an innovative hub for domestic AI inference chips and an industrial ecosystem, leveraging industry policies and market opportunities [2] - The strategy includes enhancing the "AI inference chip + application ecosystem" layout, with a focus on edge training and inference in various scenarios [2] - The company is actively promoting the collaborative iteration of products like DeepEdge, DeepVerse, and DeepXbot to establish a comprehensive computing power system from edge to center [2]