Core Insights - The company reported a significant revenue increase of 76.14% year-on-year, reaching 11.742 billion yuan in the first half of the year [1] - Net profit attributable to shareholders grew by 108.45% year-on-year, amounting to 1.242 billion yuan [1] Business Performance - The smart electric two-wheeler segment achieved rapid growth, generating 6.823 billion yuan in revenue, a year-on-year increase of 101.70%, accounting for approximately 58% of total revenue [1] - The balance bike and electric scooter segments generated 2.180 billion yuan in revenue, reflecting a year-on-year growth of 37.23% [1] Market Dynamics - Domestic sales of smart electric two-wheelers reached 2.39 million units, marking a year-on-year increase of 99.5% [1] - According to data from Aowei Cloud Network, the domestic sales of electric two-wheelers are expected to grow by 29.5% year-on-year in the first half of 2025 [1] Product and Channel Development - The rapid development of smart electric two-wheelers is attributed to the company's dual focus on product innovation and channel expansion [1] - In May, the company launched the new Q series products, which received a positive response among female users [1] - As of June 30, 2025, the company had over 8,700 dedicated stores for electric two-wheelers in China [1] Shipment Milestones - As of July 18, the cumulative shipment of smart electric two-wheelers in the Chinese market exceeded 8 million units, achieving a milestone of 1 million units in just 64 days since reaching 7 million units on May 15 [1] - This rapid shipment pace set a new industry record, highlighting the company's strong market competitiveness and user acceptance [1]