Core Viewpoint - The company expects to report a net profit attributable to shareholders ranging from approximately HKD 0.1 million to HKD 0.5 million for the six months ending June 30, 2025, a significant turnaround from a net loss of approximately HKD 5.8 million in the same period of 2024 [1] Group 1 - The expected shift from net loss to net profit is primarily due to the recovery in revenue from the in-car audio and short video business, as well as the battery management system and spare parts [1] - Administrative expenses during the reporting period are anticipated to decrease, contributing to the improved financial outlook [1]

Core Viewpoint - The company has not yet partnered with Weidi Technology to develop a dedicated liquid cooling system BMU solution [1] Group 1: Company Operations - The company primarily focuses on battery BMS (Battery Management System) [1] - In the backup field, the company's BMS can be utilized in both liquid-cooled and non-liquid-cooled data centers [1] - In the energy storage sector, the company provides 52-series and 112-series control acquisition modules specifically for liquid-cooled energy storage [1] Group 2: Product Features - The company offers a high-pressure box with IP65 waterproof rating for liquid cooling [1] - It manages single cluster charge and discharge, monitors battery cell safety, and controls the liquid cooling host to provide a constant temperature environment for charging and discharging batteries [1]

Group 1: Company Overview and Market Position - Hu塑科技 has established a strong market position in the backup power sector, leveraging 20 years of expertise and a solid reputation in battery safety management [4][9]. - The company has received significant funding since its IPO, enhancing its capabilities in market expansion, product development, and risk management [9]. Group 2: Financial Performance - In Q1 2025, the company reported a 27.16% year-on-year decline in revenue and a 16.17% drop in net profit, attributed to strategic adjustments in response to market conditions [8]. - The net cash flow from operating activities increased by 136.46% in 2024, primarily due to improved management of accounts receivable [5]. Group 3: Product Development and Innovation - The company has developed various Battery Management Systems (BMS) for different applications, including energy storage and commercial use, integrating them into the HV3S system for enhanced efficiency and reliability [3]. - Hu塑科技 is actively expanding its product offerings in the zinc-nickel battery sector through its subsidiary, Hu Zinc Energy, targeting multiple industries such as transportation and telecommunications [4]. Group 4: Market Trends and Future Outlook - The demand for backup batteries is expected to grow significantly, driven by policies like "East Data West Computing" and advancements in artificial intelligence, which increase the need for data processing capabilities [3][9]. - The company aims to capitalize on the growing market opportunities in data centers, energy storage, and communication sectors, with a focus on global strategic development [7]. Group 5: Strategic Initiatives - Hu塑科技 is committed to enhancing its market value through effective management strategies and responding to national policies on market capitalization [6]. - The company plans to continue its strategic integration within the industry, focusing on battery safety management technology to serve global customers [7].

电池管理系统（BMS）作为电动汽车/储能与锂电池之间的连接器，其肩负责任相当重大，需要实时监测电池参数、评估电池状态、在线诊断 与报警、均衡控制等，尽可能让单体电芯之间做到性能一致。 单体电芯能量密度只是一个数据展示，要想真正让电池包发挥出整体作用，BMS功不可没。 复杂的要求导致BMS系统的管理存在较多痛点，例如在管理多个电池时，需要技术人员在现场进行调校，在更换电池包时也需要检查、维护 与更新，较为不便；其次电池组工作性能和衰退变化以及循环次数等试验均需要技术人员进行多次记录后逐渐摸索出规律，过程相当繁琐；最 需要注意的是，安全隐患在萌芽期并不会被发现，只有在出现问题影响电动车/储能工作时才会注意，无法做到未雨绸缪。 所以，BMS的智能化显得尤为重要，随着两轮车和低空经济的普及，BMS不仅要在硬件上进步，软件方面的管理系统也需要加快更新，此外 标准化和模块化也是BMS系统未来大趋势。 01 BMS如何"变"智能 BMS若想智能化，需要在三个关键环节进行：首先是感知，通过智能化管理时刻掌握电池物理参数监测；其次是决策，需要通过数据库对电 池状态进行评估，需要用算法控制来进行；最后是执行，BMS在决策后要有完 ...