Core Insights - Daotong Technology (688208) reported a revenue of 2.345 billion yuan for the first half of 2025, representing a year-on-year growth of 27.35% [1] - The net profit attributable to shareholders reached 480 million yuan, up 24.29% year-on-year, with a significant increase in net profit excluding non-recurring gains and losses, which rose by 64.12% to 475 million yuan [1] - The company plans to distribute a cash dividend of 5.8 yuan per 10 shares, marking the highest payout in the last three years, reflecting its commitment to shareholder returns [1] Business Segments - The AI and software segment generated revenue of 281 million yuan, growing by 30.13% year-on-year, with a gross margin exceeding 99%, indicating strong potential for sustainable growth as the AI strategy deepens [1] - The traditional smart terminal business achieved revenue of 1.540 billion yuan, a year-on-year increase of 22.96%, leveraging extensive automotive diagnostic data to enhance digital repair scenarios [2] - The energy smart hub business saw revenue of 524 million yuan, up 40.47% year-on-year, supported by robust power electronics and AI technologies, positioning the company among the global leaders [2] Innovations and Developments - Daotong Technology launched the next-generation comprehensive diagnostic terminal UltraS2 and the new ADAS calibration mainframe IA1000, which have received high market demand, with UltraS2 achieving sales equivalent to the previous model's six-month performance in its first month [2] - The company made breakthroughs in the digital energy sector by releasing a smart charging model and self-developed liquid cooling charging modules, reinforcing its leadership in smart charging [3] - The establishment of production bases in Shenzhen, Vietnam, and North Carolina, along with accelerated construction in Mexico, enhances the company's global market competitiveness [3] Strategic Initiatives - In response to the rapid development of the low-altitude economy and embodied intelligence, Daotong Technology is deploying integrated air-ground cluster smart solutions, utilizing industry AI models and a self-built supercomputing center [4] - The company is developing a series of large models for intelligent inspection, driven by an "AI brain" capable of perception, decision-making, and interaction, facilitating autonomous operations with aerial and ground robots [4]