Financial Performance - In the first half of 2025, the company achieved operating revenue of 126,351.39 million yuan, a year-on-year increase of 58.04% [3] - The net profit attributable to shareholders was 12,489.49 million yuan, reflecting a significant year-on-year growth of 466.71% [3] - The net profit after deducting non-recurring gains and losses was 12,189.22 million yuan, with a year-on-year increase of 507.59% [3] - The gross profit margin for the first half of 2025 was 23.65%, up by 2.77 percentage points compared to the previous year [3] Expense Overview - Total sales, management, and R&D expenses increased by 1,857.52 million yuan year-on-year, primarily due to increased R&D investment and market expansion efforts [3] - R&D expenses for the first half of 2025 amounted to 5,324.03 million yuan, representing a year-on-year growth of 15.99% and accounting for 4.21% of operating revenue [7] Product Application and Market Segmentation - The company's products are primarily used in fields such as CNC equipment, power electronics, energy storage, semiconductors, data centers, hydrogen energy, new energy vehicles, and medical devices [4] - In the first half of 2025, revenue from power electronics temperature control products reached 819 million yuan, a year-on-year increase of 77.48%, with a gross margin of 20.01% [5] - Revenue from CNC equipment temperature control products was 389 million yuan, showing a year-on-year growth of 24.54% and a gross margin of 28.75% [5] International Expansion - The company's overseas revenue for the first half of 2025 was 79.12 million yuan, marking a year-on-year increase of 111.94%, attributed to enhanced efforts in expanding international customer base [6] R&D and Innovation - As of June 30, 2025, the company employed 315 R&D personnel, accounting for approximately 14.02% of the total workforce [6] - The company is committed to increasing R&D investment to maintain technological leadership and enhance product competitiveness [7]