Financial Performance - The company achieved a net profit of 93.825 million yuan in the first half of 2025, representing a year-on-year growth of 26.33% [2] - The net profit excluding non-recurring gains and losses was 90.6394 million yuan, with a year-on-year increase of 26.62% [2] - R&D investment grew by 22% year-on-year, and cash flow from operating activities saw a significant increase of 126% [2] Product Development and Market Strategy - The company’s smart terminal products for vehicle networking include TBOX and eCall, but specific market share percentages were not disclosed [2] - The digital energy management solution has entered a new phase, enabling battery lifecycle management and supporting high-value energy trading scenarios [3] - The company has established a flexible production system to meet the production needs of automotive-grade products [6][7] International Expansion - The company became one of the first globally to pass the EU NG-eCall certification and the German VDA6.3 certification, marking significant progress in its international strategy [4] - The company has a first-mover advantage in the eCall sector, having passed the EU e-Call standard certification in March 2019 and the NG-eCall certification in January 2025 [6] Regulatory Environment - The national standard AECS has been released, with mandatory implementation set for July 1, 2027, although the market response is still developing [5] - The company is actively involved in the establishment of the emergency call system in China and has contributed to the drafting of the GB45672-2025 standard [6]