Group 1: Financial Performance - The company reported a revenue of 5.446 billion yuan for the first half of 2025, representing a year-on-year growth of 19.21% [1] - The net profit attributable to shareholders reached 354 million yuan, up 78.65% year-on-year, while the net profit excluding non-recurring items was 347 million yuan, reflecting a 97.24% increase [1] Group 2: Business Segments - The controller segment achieved a revenue of 5.245 billion yuan, with a year-on-year growth of 16.64% and a gross margin increase of 0.38 percentage points to 17.25% [1] - The home appliance business generated 3.563 billion yuan in revenue, growing 22.14% year-on-year, with a gross margin of 16.43%, up 0.94 percentage points [2] - The automotive electronics segment saw a revenue of 415 million yuan, marking a 5.20% year-on-year increase, driven by deepening partnerships with major Tier 1 manufacturers [3] Group 3: Growth Drivers - The strong performance in the controller segment was attributed to new customer acquisition and effective cost control measures [1] - The home appliance segment benefited from a comprehensive product range and systematic service advantages, capturing market share [2] - The automotive electronics business is a key growth driver, with ongoing collaborations with leading automotive manufacturers and a focus on core technologies [3] Group 4: Investment Outlook - The company is positioned as a leader in smart controllers, with increasing market share in home appliances and tools, and a robust order reserve in automotive electronics [3] - Projected net profits for 2025-2027 are 692 million yuan, 904 million yuan, and 1.103 billion yuan, with corresponding growth rates of 90%, 31%, and 22% [3]