Financial Performance - In the first half of 2025, the company achieved operating revenue of 1.367 billion yuan, representing a year-on-year increase of 10.35% [2][3] - The net profit attributable to shareholders was 84.82 million yuan, a decrease of 23.96% compared to the same period last year [2][3] - The net profit after deducting non-recurring gains and losses was 78.84 million yuan, down 11.11% year-on-year [2][3] - The total profit for the period was 96.13 million yuan, reflecting a decline of 28.09% from the previous year [3] - The net cash flow from operating activities was 61.66 million yuan, a significant drop of 77.00% compared to the same period last year [3] Asset and Equity Position - As of the end of the reporting period, the net assets attributable to shareholders were 1.624 billion yuan, an increase of 2.08% from the end of the previous year [3] - The total assets amounted to 3.353 billion yuan, showing a slight increase of 0.69% compared to the end of the previous year [3] Business Development and Strategy - The company has secured new project designations from several well-known automotive manufacturers and aims to enhance customer coverage [2] - The company is advancing smart manufacturing, production line automation upgrades, and energy-saving initiatives to improve capacity and efficiency [4] - The new factory in Hefei is expected to commence production by the end of 2024, with capacity gradually ramping up [4] - The company plans to issue convertible bonds to fund technological upgrades for its speaker production line in Suzhou, enhancing smart manufacturing capabilities [4] Product Innovation - At the Shanghai Auto Show in the first half of 2025, the company showcased an AI panoramic sound system featuring innovative patented products, including diamond tweeters and carbon fiber speakers [5] - The system is designed to deliver a cinema-level sound experience with a configuration of 53 speakers and a 4000W amplifier, marking a significant advancement in automotive audio systems [5] - The company emphasizes its leadership in automotive acoustic products through self-developed hardware, software, and algorithms, and aims to commercialize its digital audio technology [5]