Financial Performance - In the first half of 2025, the company reported operating revenue of 688 million yuan, a year-on-year decrease of 14.04% [1] - The net profit attributable to shareholders was 23.02 million yuan, down 78.10% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 15.28 million yuan, a decline of 84.29% year-on-year [1] - The net cash flow from operating activities reached 358 million yuan, an increase of 81.51% year-on-year, indicating a significant improvement in cash flow [1] Product Performance - Revenue from professional video processing products decreased by 24.29% year-on-year, with a gross margin decline of 1.34 percentage points [1] - Revenue from smart IoT products fell by 7.92%, with a gross margin decrease of 9.84 percentage points [1] - The smart vehicle products segment performed well, achieving revenue of 118 million yuan, a year-on-year increase of 4.91%, with a gross margin of 46.25% [1] R&D and Innovation - The company increased its R&D investment, with R&D expenses exceeding 170 million yuan, accounting for nearly 25% of operating revenue [2] - The company added 5 new invention patents, bringing the total to 168 patents [2] - The company is recognized as a national high-tech enterprise and a "little giant" enterprise, showcasing strong technological R&D capabilities [2] Market Expansion - The company has extensive marketing experience and is one of the early high-tech enterprises engaged in visual chip design in China [2] - It collaborates deeply with leading industry clients and continues to expand its customer base, accelerating the formation of new growth points [2] - The company is enhancing its international competitiveness by expanding overseas marketing and market reach [2] Investment Strategy - The company is focusing on investment opportunities along the industrial chain, leveraging its professional advantages and resources from collaborative investment institutions [2] - It aims to invest in promising startups within the industrial chain to enhance its overall strength through resource integration and business collaboration [2]