Company Overview - Junsheng Electronics focuses on two main business segments: automotive electronics and automotive safety, including smart cockpit control, intelligent connectivity, and safety solutions [1] - The company reported a revenue of approximately 14.6 billion yuan for Q1 2025, a year-on-year increase of about 9.8%, with a gross margin improvement of 2.6 percentage points to approximately 17.9% [1] Financial Performance - The net profit attributable to shareholders for Q1 2025 was 340 million yuan, reflecting an 11.1% increase compared to the same period last year [1] - As of the end of 2024, the company had interest-bearing liabilities of approximately 24 billion yuan, primarily for operational needs and historical acquisition loans [1] Industry Trends - The automotive industry is experiencing rapid growth in global new energy vehicles and electronic products related to energy management [3] - The demand for intelligent components such as smart cockpits and intelligent driving systems is increasing due to the transformation towards automotive intelligence [3] - The robot industry is undergoing accelerated restructuring, driven by policy and technological advancements [3] Strategic Initiatives - The company aims to position itself as a "Tier 1" provider in both the automotive and robotics sectors, leveraging its core competencies in automotive components to expand into the robotics industry [2] - Junsheng Electronics plans to innovate and upgrade its offerings in smart solutions, energy management, human-machine interaction products, and automotive safety products [3] - The company is focused on enhancing competitiveness through market expansion, cost efficiency, organizational streamlining, and global advantages [3]