Group 1: Financial Performance - In the first half of 2025, the company achieved revenue of approximately 1.4 billion RMB, a year-on-year increase of about 18.6% [2] - In Q2 2025, revenue reached approximately 740 million RMB, representing a year-on-year growth of about 12.4% and a quarter-on-quarter increase of about 10.9% [2] - The three main business segments all experienced growth, with smart vehicle and smart IoT segments growing faster than the company average [2][3] Group 2: Business Segment Growth - Smart vehicle revenue was approximately 150 million RMB, with a year-on-year growth of about 45.4% [3] - Smart IoT revenue reached approximately 330 million RMB, growing by about 31.8% year-on-year [3] - Smart security revenue was approximately 910 million RMB, with a year-on-year increase of about 12% [3] Group 3: Profitability and Investment - The net profit attributable to shareholders was 120 million RMB, a year-on-year decrease of about 7.5% [5] - R&D investment for the first half of 2025 was approximately 320 million RMB, a year-on-year increase of about 9.6%, with an R&D investment rate of about 22.6% [5] - Marketing investment was approximately 14.53 million RMB, a year-on-year increase of about 43% [5] Group 4: Strategic Acquisitions - The company plans to acquire 53.3087% of Bluetooth chip company Furuikuan for approximately 210 million RMB, enhancing its AI SoC chip design capabilities [7][8] - The acquisition aims to create synergy between existing technologies and Bluetooth capabilities, improving the company's competitive edge in integrated SoC solutions [8] Group 5: Future Growth Strategies - The company is focusing on new growth curves in smart robotics, automotive lidar, and smart wearables, aiming to maintain a leading position in these markets [9][11] - Plans include developing next-generation SoCs for smart wearables that significantly reduce size and power consumption while enhancing image processing capabilities [9] - The company is also exploring edge computing and co-processor developments to align with national AI initiatives [10] Group 6: Market Position and Supply Chain Strategy - The company maintains a leading position in the security market, with a growing market share driven by strong online sales channels [4] - Supply chain strategies include optimizing costs through bulk procurement and maintaining multiple supplier relationships to mitigate price competition impacts [10] Group 7: H-Share Listing Plans - The company is preparing for an H-share listing to support its growth and strategic initiatives, aiming to enhance funding for R&D and potential acquisitions [11][12] - The listing is seen as a timely opportunity to accelerate internal growth and drive external expansion [11]