Group 1 - The core viewpoint of the news is that MinSen Investment has conducted research on a listed company, Kesi Technology, which is progressing well in its projects and has a new management team with rich experience set to take over in July 2025 [1] - Kesi Technology reported a revenue of 154.46 million yuan in the first half of 2025, representing a year-on-year growth of 40.54%, while the net profit loss narrowed to -108.72 million yuan [1] - The company has invested heavily in R&D, with expenses reaching 131.11 million yuan, accounting for 84.88% of its revenue [1] Group 2 - Kesi Technology is actively expanding in the chip sector, with its first-generation communication baseband chip already in use, the second generation completed, and the third generation in development [1] - The company is also entering the emergency industry, having been selected for the 'Emergency Mission 2025' exercise equipment list, indicating a strategic diversification [1] - Kesi Technology has partnered with Ascend to receive a PN diamond component partner certification, which will enable it to leverage full-stack AI technology [1]