Core Viewpoint - The company maintains strategic determination during industry cycle adjustments, transitioning from a "kitchen appliance expert" to a "cooking partner," focusing on long-term capability building and ecological layout to achieve sustainable high-quality growth [1] Financial Performance - In the first half of 2025, the company reported revenue of 4.608 billion yuan and a net profit of 712 million yuan, with operating cash flow of 511 million yuan; Q2 revenue and net profit increased by 1.57% and 2.96% year-on-year, respectively, indicating robust core financial metrics [1] Technological Innovation - The company emphasizes technological innovation, having accumulated 6,325 patents by mid-2025, a year-on-year increase of 27.2%, with a significant 130.7% growth in invention patents; the five-year compound growth rate of patents is nearly 50% [2] - The self-developed AI cooking model "Shishen" has surpassed 5.4 million users, with new features enhancing user engagement [2] Market Position and Product Performance - The company leads in multiple categories, with offline sales of range hoods and gas stoves accounting for 31.28% and 31.46%, respectively, and online sales at 21.65% and 17.96%; it also ranks first in embedded steam oven and integrated stove sales [3] - The digital kitchen appliance category saw a year-on-year sales volume increase of 56.26% and a sales revenue increase of 39.81% [3] Strategic Expansion - The commercial kitchen appliance business showed strong performance in H1 2025, with contract, invoicing, and payment amounts increasing by 37%, 50%, and 45% quarter-on-quarter, respectively; new customer numbers grew by 70% [4] - The company is accelerating overseas market expansion, establishing a new partnership-based approach for international operations and setting up a subsidiary in Indonesia [4] Social Value and Cultural Promotion - The company promotes culinary culture through various initiatives, including the establishment of a culinary humanities research institute and the organization of cooking events [5] - The global culinary arts center has become a cultural tourism landmark, receiving over 100,000 visitors annually and enhancing brand recognition [6] Educational Initiatives - The company has developed a comprehensive food education practice system, establishing 26 food education practice bases in Zhejiang Province, covering over 200,000 students [7] Operational Upgrades - The company is enhancing internal capabilities to support strategic implementation, focusing on a user-centered product management system and improving decision-making efficiency by 40% through a comprehensive data platform [8] Recognition and Future Outlook - The company received multiple accolades in H1 2025, including being named a "National Civilized Unit" and winning the "Annual Brand Digital Award" [9] - The company aims to continue its long-term commitment to user value and sustainable development along the "technology + humanities" path [9]