Core Viewpoint - Zhongyi Technology (301150) reported strong financial performance for the first half of 2025, with significant increases in revenue and net profit compared to the previous year [1]. Financial Performance - The total revenue for the first half of 2025 reached 2.677 billion yuan, a year-on-year increase of 21.04% [1]. - The net profit attributable to shareholders was 15.3131 million yuan, up 129.23% year-on-year [1]. - In Q2 2025, total revenue was 1.428 billion yuan, reflecting a 14.34% increase year-on-year, while net profit for the quarter was 18.5373 million yuan, soaring 944.59% year-on-year [1]. - Gross margin improved significantly to 5.25%, up 120.07% year-on-year, and net margin reached 0.57%, an increase of 124.15% [1]. Cost and Efficiency Metrics - Total selling, administrative, and financial expenses amounted to 61.2985 million yuan, accounting for 2.29% of revenue, which is a 19.01% increase year-on-year [1]. - The company's earnings per share (EPS) improved to 0.07 yuan, a 130.43% increase compared to the previous year [1]. - The cash flow per share was -1.44 yuan, showing a 50.41% improvement year-on-year [1]. Asset and Liability Management - Cash and cash equivalents increased by 62.15% to 1.059 billion yuan [1]. - Accounts receivable rose by 44.43% to 1.702 billion yuan [1]. - Interest-bearing debt increased by 18.87% to 642 million yuan [1]. Investment and Market Position - The company has a median Return on Invested Capital (ROIC) of 15.75% since its listing, indicating strong investment returns despite a challenging year in 2024 with a ROIC of -1.98% [3]. - The company is currently focusing on a new patent related to lithium-copper composite anode materials, which aims to address long-standing issues in the lithium battery sector [4]. Fund Holdings - The largest fund holding Zhongyi Technology is the Bosera Hubei New and Old Kinetic Energy Conversion ETF, which holds 111,000 shares and has seen an 80.38% increase in value over the past year [4].