Core Viewpoint - Zhongjing Electronics (002579) reported a significant turnaround in its financial performance for the first half of 2025, driven by demand recovery in artificial intelligence, automotive electronics, and high-end consumer electronics markets [1] Financial Performance - The company achieved an operating revenue of approximately 1.618 billion yuan, representing a year-on-year increase of 21.29% [1] - The net profit attributable to shareholders was approximately 18.29 million yuan, marking a return to profitability compared to a loss of 12 million yuan in the same period last year [1] - Basic earnings per share were 0.0299 yuan, a recovery from -0.12 yuan in the previous year [1] Market and Product Development - The growth in performance was supported by the gradual release of high-end production capacity from the new factory in Zhuhai, with a product upgrade towards high-end HDI boards and high-layer count (HLC) PCBs [1] - The company is actively expanding its customer base in emerging fields such as AI servers and AI glasses, transitioning from an ODM model to direct supply to end customers, which contributed to a 45.75% year-on-year increase in overseas sales revenue [1] Research and Development - In the first half of the year, the company invested a total of 84.88 million yuan in R&D, reflecting a year-on-year increase of 14.77% [1] - The focus of R&D efforts includes the development of 800G optical modules and 6G high-frequency technologies, among 24 key projects aimed at product upgrades [1]