Core Viewpoint - The company, Jianyi Group, is experiencing positive growth in its manufacturing and non-manufacturing segments, with a focus on diversifying its client base in the electronics sector to reduce reliance on toy manufacturing [2][3][5]. Financial Performance - For the first half of the 2018 fiscal year, Jianyi's revenue increased by 18% year-on-year to HKD 1.4747 billion, with the electrical and electronic products segment growing by 16.9% and the motor segment by 20.5% [2]. - The gross profit margin decreased by 2.4 percentage points due to a 6% appreciation of the RMB, which raised raw material and labor costs [2]. - Despite the decline in gross margin, the net profit margin only fell by 0.2 percentage points to 5.5%, with net profit rising by 15.7% year-on-year to HKD 81.8 million [2]. Business Outlook - The manufacturing business outlook is positive, with management aiming to diversify its customer base in the electrical and electronic products sector [3]. - Jianyi is a leading OEM for IROBOT, contributing 70% of its electrical and electronic products revenue, and is expected to benefit from IROBOT's projected 20% CAGR from 2018 to 2020 [3]. - The standard micro motor segment, which had previously recorded losses, is now expected to show good growth due to automation and improved product design, with a target to increase production capacity from 200 million to 600 million units in four years [4]. Real Estate Development - The real estate segment is anticipated to contribute positively in the coming years, with the first phase of a residential project in Dushan pre-sold 116 low-density units, covering 38,500 square meters at an average price exceeding RMB 5,500 per square meter [4]. Market Position - The company has faced disappointing performance in recent years, but recent developments suggest it is entering a new growth phase [5]. - Jianyi is currently trading at a discount compared to peers, making it an attractive option for investors looking for recovery and long-term growth potential [5].