Core Insights - The company reported a slight increase in revenue of 0.29% year-on-year, reaching 1.156 billion yuan in the first half of 2025 [2] - Net profit attributable to shareholders increased significantly by 64.21% to 203 million yuan, indicating strong financial performance [2] - The company has divested its controlling stake in Shenzhen Ruiming Technology Co., Ltd., effective January 1, 2025, to focus on its core business [2] Financial Performance - Revenue for the reporting period was 1,155,631,115.30 yuan, compared to 1,152,234,537.86 yuan in the same period last year [1] - Net profit attributable to shareholders was 203,071,747.93 yuan, up from 123,667,372.23 yuan, reflecting a growth of 64.21% [1] - The net profit after deducting non-recurring gains and losses was 178,017,823.18 yuan, a 50.70% increase from 118,127,745.51 yuan [1] Cash Flow and Earnings - The net cash flow from operating activities was 168,400,550.94 yuan, representing a 68.95% increase from 99,677,020.33 yuan [1] - Basic and diluted earnings per share both increased to 1.15 yuan, up 59.72% from 0.72 yuan [1] - The weighted average return on equity rose to 11.17%, compared to 8.55% in the previous year [1] Asset and Equity Position - Total assets at the end of the reporting period were 3,100,933,788.15 yuan, a 1.95% increase from 3,041,484,018.21 yuan at the end of the previous year [1] - Net assets attributable to shareholders increased by 10.48% to 1,861,254,138.19 yuan from 1,684,748,620.81 yuan [1] Business Development - The company experienced rapid growth in its front-mounted business, achieving revenue of 107 million yuan, a year-on-year increase of 198.5% [2] - The company is actively expanding its European front-mounted customer base, aiming to penetrate the market with high-end products based on artificial intelligence technology [2]

Core Viewpoint - The company is focusing on enhancing its technology research and product innovation capabilities to seize opportunities in the thermal management system business as the electric vehicle industry rapidly develops [2]. Group 1: Company Performance - As of June 30, 2025, the company's stock closed at 13.02 yuan, an increase of 5.51%, with a turnover rate of 22.22%, trading volume of 303,800 hands, and a transaction amount of 386 million yuan [1]. Group 2: Business Strategy - The company aims to continuously improve its product delivery and service capabilities, enhance customer satisfaction and brand loyalty, and achieve sustainable development [2]. - The company’s main business segments include integrated AFC systems for rail transit, ETC business for road traffic, and thermal management system equipment [7]. Group 3: Digital Currency and Market Expansion - The company currently does not have any digital currency business and is focusing on integrated projects involving payment scenarios with AFC and ETC devices [4][5][7]. - The company is coordinating with other parties for potential digital currency applications but has not yet launched any related business [13]. Group 4: Technical Advantages - The company's thermal management business includes products such as liquid cooling systems for power batteries, energy storage systems, complete vehicle thermal management systems, and rail transit thermal management systems [10]. Group 5: Investment Activities - The company has made minor investments in related companies through funds, but these holdings do not significantly impact its main business operations [11][12]. Group 6: Market Activity - On June 30, the company experienced a net inflow of 27.57 million yuan from institutional investors, while retail investors saw a net outflow of 30.26 million yuan [14][15].