Group 1 - The company reported a revenue of 432 million yuan in H1 2025, a year-on-year decrease of 1.5%, and a net profit attributable to shareholders of 60 million yuan, down 26.3% year-on-year [1] - In Q2 2025, the company achieved a revenue of 237 million yuan, a year-on-year decrease of 2.7%, but a quarter-on-quarter increase of 20.8%, with a net profit of 32 million yuan, reflecting a year-on-year increase of 30.5% and a quarter-on-quarter increase of 10.6% [1] - The company's overseas revenue in H1 2025 was 173 million yuan, down 16.8% year-on-year, leading to a decline in the gross margin of the transmission business by 3 percentage points [1] Group 2 - The domestic transmission business showed stable growth, with H1 2025 revenue of 170 million yuan, an increase of 19.4% year-on-year, as products gradually gained traction in various industrial sectors [2] - The company achieved significant growth in Michelin products, with H1 2025 revenue of 54.54 million yuan, a year-on-year increase of 218%, benefiting from Michelin's global brand influence [2] Group 3 - The company is expanding its production capacity with new bases in Cixi and Shandong, focusing on fluid pipeline system products and targeting major clients like China National Heavy Duty Truck Group and FAW Group [3] - Management expenses increased by 32.7% year-on-year in H1 2025, reflecting the company's efforts to prepare for expansion and new product promotion, which may create short-term cost pressures but enhance long-term competitiveness [3]