Core Insights - The company reported a revenue of 3.495 billion yuan for the first half of 2025, representing a year-on-year growth of 21.38% [1] - The net profit attributable to shareholders improved to -170 million yuan, a reduction in losses by 63.82% year-on-year, with a positive net profit of 12 million yuan in Q2 [1] - The company aims to become a leading one-stop chip system foundry globally, focusing on power control, power drive, and sensor signal chain chips for automotive, industrial control, high-end consumer, and AI sectors [1] Financial Performance - Revenue for the first half of 2025 reached 3.495 billion yuan, up 21.38% year-on-year [1] - The company achieved a net profit of 12 million yuan in Q2, marking its first positive quarterly net profit [1] - The net loss for the first half was reduced to 170 million yuan, a 63.82% improvement compared to the previous year [1] Business Segments - The automotive sector saw a revenue increase of 23% year-on-year, while the industrial control sector grew by 35% [1] - AI business contributed 6% to the overall revenue, indicating its growing importance in the company's portfolio [1][4] - The company has established a complete series of wind-solar-storage products in the new power system sector and has formed close collaborations with leading industry clients [3] R&D and Innovation - The company maintained a high R&D investment of 964 million yuan in the first half, reflecting a growth of over 10% [1][2] - The company has developed over 10 new projects for 6-inch SiC MOSFETs and has entered mass production with five new automotive clients [2] - The company’s 4500V IGBT has been successfully mass-produced and is capable of stable operation in high-voltage grid environments [3] AI and Advanced Technologies - The AI business is focused on infrastructure and terminal applications, contributing 6% to revenue in the first half of 2025 [4] - The company launched a second-generation high-efficiency power management chip platform for data centers, achieving large-scale production [4] - The company has developed China's first 55nm BCD integrated DrMOS chip, which has completed customer validation and is gradually ramping up production [4]