Core Viewpoint - The company, Yingboer, focuses on the research and development of electric drive and power systems in the new energy sector, utilizing innovative "integrated chip" technology to enhance product efficiency, lightweight design, and cost-effectiveness [2] Group 1: Company Overview - Yingboer is a high-tech enterprise dedicated to the new energy field, specifically in electric drive and power system development and production [2] - The company's products are primarily applied in new energy passenger vehicles, commercial vehicles, non-road vehicles, and eVTOL (electric Vertical Take-Off and Landing) aircraft [2] Group 2: Technology and Innovation - Yingboer's electric propulsion system technology is compatible with eVTOL tilt-rotor aircraft models [2] - The company maintains an open and innovative approach, actively monitoring developments and technological demands across various fields to explore new business areas and product types at appropriate times [2]

Financial Performance - In the first three quarters of 2025, the company achieved a revenue of 2.358 billion CNY, representing a year-on-year increase of 47% [3] - The net profit attributable to shareholders reached 149 million CNY, a significant year-on-year growth of 191% [3] - The net profit after deducting non-recurring gains and losses was 51.28 million CNY, showing a 100% increase year-on-year [3] Business Strategy - The company focuses on a major client strategy, forming a "triangular team" of R&D, sales, and delivery to enhance customer engagement and project execution [3] - Revenue contribution from the top five clients has been consistently increasing, improving customer cooperation and market penetration [3] Market Expansion - The company is actively expanding its overseas market presence, particularly in Southeast Asia, with successful collaborations in Vietnam and ongoing development of other regional clients [6] - A strategic cooperation framework agreement with Jindi Co. aims to integrate strengths in electric drive system components and enhance competitiveness in both domestic and international markets [4] Product Development - The company has made significant progress in low-altitude field collaborations, including the establishment of a joint venture with Yihang Intelligent, which is currently in the trial production phase [7] - The VT35 electric propulsion system, developed for Yihang Intelligent, incorporates advanced technologies and has already been delivered for testing [7] Operational Efficiency - The rapid growth in revenue has helped dilute fixed costs, leading to a continuous improvement in gross margin [3] - Internal process optimization has reduced operational losses, supporting the release of profit margins [3]