Core Insights - The company emphasizes its research and development capabilities, particularly in the field of new energy thermal management, which is expected to yield practical benefits from its investments [2][3] - The company has set a strategic goal to achieve a revenue of 3 billion RMB by 2025, with a projected revenue of 2.45 billion RMB in 2024 and 1.29 billion RMB in the first half of 2025 [8] Research and Development - The company has three strategic considerations for R&D investment: supporting future orders, driving new market entries, and transitioning to a high-tech enterprise through core technology development [3] - The company has maintained significant R&D investment in the first half of 2025, focusing on new business growth points [2] Market Performance - The company's revenue from automotive fluid pipes and assemblies increased by 35% compared to the same period last year, driven by a focus on new energy vehicle cooling pipe projects [6] - The company's revenue from the sealing components business increased by 18.24% year-on-year in the first half of 2025, reflecting successful market expansion efforts [11] Strategic Partnerships and Market Expansion - The company has established long-term stable partnerships with several well-known automotive manufacturers, leveraging its extensive customer base [5] - In the first half of 2025, the company formed business collaborations with a Japanese automotive group and a strategic partnership with the French Delmon Group, indicating a proactive approach to international market expansion [9] Cost Management and Supply Chain - The company is focused on cost reduction and efficiency improvement through enhanced market research, price assessment, and inventory management [10] - In the first half of 2025, the company established institutional strategic cooperation with major material suppliers to optimize its supply chain [10] Talent Development - The company has been actively enhancing its talent pool by attracting high-end technical personnel in thermal management and fluid mechanics, and implementing innovative incentive mechanisms [7]