Core Points - The company has elected Wang Dan as the employee representative director for the second board of directors, with her term starting from the approval date of the employee representative assembly [1][3] - The second board of directors' ninth meeting was held on August 18, 2024, where the board confirmed the election of the chairman as the representative director and the audit committee members [4][7][8] - The company reported a revenue of 282,748.51 million RMB for the first half of 2025, representing a year-on-year growth of 9.45%, and a net profit of 30,244.56 million RMB, up 7.38% [26] - The company has a strong focus on technology innovation, with 1,412 R&D personnel, accounting for 31.15% of total employees, and R&D expenses of 42,275.68 million RMB, which is 14.95% of revenue [34] Company Governance - The company held an employee representative assembly on August 18, 2025, to elect Wang Dan as the employee representative director [1] - The second board of directors' ninth meeting confirmed the election of the chairman as the representative director and the audit committee members [4][7][8] Financial Performance - The company achieved a revenue of 282,748.51 million RMB in the first half of 2025, a 9.45% increase year-on-year [26] - The net profit for the same period was 30,244.56 million RMB, reflecting a growth of 7.38% [26] - The cash flow from operating activities increased by 911% compared to the previous year, amounting to 32,992.25 million RMB [26] R&D and Innovation - The company has 1,412 R&D personnel, representing 31.15% of its total workforce, with R&D expenses of 42,275.68 million RMB, which is 14.95% of its revenue [34] - The company focuses on visual perception technology and has expanded into smart robotics and AI technologies [34][35] Market Position and Strategy - The company is positioned as a leader in the smart home market, with a focus on safety, convenience, and health for users [29] - The company has established a dual-core business model combining smart home products and IoT cloud platform services [28][30]