Core Insights - The company reported a revenue of approximately 1.39 billion yuan for Q2 FY2025, representing a year-on-year growth of 37.6% [1][3] - Cash income reached 2.25 billion yuan, with a year-on-year increase of 36.2% [1][3] - The net loss was reduced to 216 million yuan, significantly down from 429 million yuan in the same period last year [1][3] Financial Performance - For the first half of FY2025, the company achieved a total revenue of 2.88 billion yuan, marking a year-on-year growth of 47.3% [1] - The cash income for the first half was 3.14 billion yuan, up 31.8% year-on-year [1] - Operating net cash inflow was 110 million yuan for the first half [1] Operational Efficiency - The company reported a net cash inflow from operating activities of 590 million yuan for Q2, an increase of over 200 million yuan year-on-year [4] - Management and R&D expenses as a percentage of revenue have decreased for two consecutive quarters, indicating improved operational efficiency [3][4] Cash Reserves and Investments - As of June 30, 2025, the company held cash and cash equivalents, restricted funds, and short-term and long-term investments totaling 3.82 billion yuan [1][4] - The strong cash reserves provide a solid financial foundation for attracting top talent, increasing R&D investments, and expanding business operations [4] Stock Buyback Program - The company has repurchased over 24.8 million American depositary shares for approximately 560 million yuan as of August 25, 2025 [5] - A new stock buyback plan allows the company to repurchase up to 100 million USD worth of shares over the next three years, reflecting management's confidence in the company's stability and growth potential [5]