Core Viewpoint - The company held a performance briefing on August 28, 2025, to engage with investors and discuss its growth strategies and financial performance [1] Business Growth and AI Layout - The company will adhere to the "one body, two wings, eight major businesses" strategy, aiming for high-quality development through market expansion, innovation enhancement, quality improvement, and management precision [1] - AI visual recognition technology based on smart retail applications is currently in the verification stage, with optimization of the AI camera single-piece separation algorithm platform completed [1] Market Value Management and Development Planning - The company has reinforced market value management through long-term dividends and share buybacks, accumulating cash dividends of 1.683 billion yuan since its listing [2] - Future plans include expanding the second and third strategic growth curve businesses [2] Performance Analysis for the First Half of 2025 - In the first half of 2025, the company's non-recurring net profit surged by 700.11%, significantly outpacing the 24.04% growth in operating revenue [3] - Revenue from intelligent logistics equipment reached 120 million yuan, up 130%; smart self-service terminals generated 340 million yuan, up 62%; printing and scanning business revenue was 270 million yuan, up 34%; and service operation revenue was 190 million yuan, up 13% [3] - Overseas market revenue was 530 million yuan, growing nearly 40% and accounting for over 40% of total revenue, while domestic market revenue was 750 million yuan, up 15% [3] Overseas Market Expansion Achievements - The company experienced strong growth in overseas markets, with revenue of 530 million yuan, a nearly 40% increase, representing 42% of total revenue [4] - Strategies to enhance competitiveness in overseas markets included optimizing sales channels, consolidating production bases, and participating in international exhibitions [4] Net Profit Growth Confirmation - The company has reported over 50% year-on-year net profit growth for four consecutive reporting periods, with an expected net profit of 34.7 million to 38.2 million yuan for the first half of 2025, indicating a year-on-year increase of 100% to 120% [5] Digital Currency Business Progress - The company is aligning with the promotion of digital RMB, preparing relevant products and solutions, with some equipment capable of supporting digital RMB [6] Market Value Management System Interpretation - The company has established a market value management system in accordance with regulatory requirements, detailing management responsibilities and methods, with a stock price increase of approximately 30% year-to-date [7] Strategic Resource Allocation Strategy - The "one body, two wings, eight major businesses" framework is crucial, with the core business as the first growth curve, service operations as the second, and key component businesses as the third growth curve [8] Gross Margin and Capacity Utilization Issues - Changes in product sales structure and customer demographics have affected gross margin [10] - The company has maintained sufficient capacity utilization since the beginning of 2025, ensuring timely delivery of rapidly growing products [10]

Core Viewpoint - The company is focusing on the development of smart controllers and products, aiming to enhance brand recognition and expand into new market segments while maintaining stable growth in its core business [1][3]. Group 1: Business Strategy - The company plans to leverage its advantages in technology, quality, and supply chain management to deepen strategic partnerships with core customers and solidify its "cash cow" business [1][3]. - The company aims to build a diversified business model and strengthen brand development, transitioning from manufacturing to branding to create new growth curves [1][3][13]. - The company is exploring various cooperation models with cross-border e-commerce, focusing on overseas smart auto parts markets and expanding product applications to emerging scenarios [1][3][12]. Group 2: Financial Performance - In Q1 2025, the company achieved a sales revenue of 216.49 million yuan, a year-on-year increase of 6.57%, while the net profit attributable to shareholders was 10.58 million yuan, a year-on-year decrease of 36.68% [4][6][7]. - For the year 2024, the company reported a sales revenue of 851.38 million yuan, a year-on-year decrease of 1.78%, but the net profit attributable to shareholders increased by 16.06% to 55.25 million yuan [6][7]. - The decline in net profit in Q1 2025 was attributed to increased R&D expenses, reduced other income, and ongoing losses from non-wholly-owned subsidiaries [4][7][10]. Group 3: Market Position and Challenges - The company has a relatively low exposure to the U.S. market, which mitigates the impact of U.S. tariff policies on its overall operations [9][10]. - The company has established an international smart production base in Vietnam to diversify tariff risks and optimize global resource allocation [9][10][11]. - The company is actively expanding its presence in the smart pet care sector through its "Pikfang" brand, utilizing various online and offline sales channels to enhance brand visibility [13][14]. Group 4: Future Outlook - The integration of information technology, IoT, and AI is expected to create broader development opportunities for smart controllers, with increasing technical content and added value [12]. - The company is committed to continuous innovation in technology and market expansion, focusing on high-quality development in its core business areas [12][13].