Core Viewpoint - The company, Ying Tang Zhi Kong, reported a revenue of 2.639 billion yuan for the first half of 2025, reflecting a year-on-year growth of 3.52%, while the net profit attributable to shareholders decreased by 14.46% due to increased R&D investments [1] Group 1: Financial Performance - In Q2 2025, the company achieved a single-quarter revenue of 1.375 billion yuan, marking a year-on-year increase of 6.40% [1] - The company's R&D investment for the first half of 2025 reached 56.3705 million yuan, a significant increase of 61.83% year-on-year [2] Group 2: Business Strategy and Development - The company is transitioning from an electronic component distributor to a semiconductor IDM enterprise, driven by a "distribution + chip" dual strategy [1] - The MEMS mirror products have made substantial progress, with a product matrix including 1mm, 4mm, and 8mm specifications, widely applied in various fields such as automotive lidar and AR/VR glasses [2] Group 3: Market Opportunities - The global MEMS industry market size is projected to grow from $13.6 billion in 2021 to $22.3 billion by 2027, with a compound annual growth rate (CAGR) of 9.00% [3] - The global automotive lidar installation is expected to exceed 3 million units by 2025, representing a year-on-year growth of 154% [3] Group 4: Product Development and Market Position - The company's chip design and manufacturing business generated revenue of 213 million yuan, accounting for 8.06% of total revenue, an increase of 1.36 percentage points year-on-year [4] - The company has achieved key breakthroughs in the automotive display driver field, with its first automotive DDIC delivered in August 2024 and TDDI products entering mass production by December 2024 [5]