Core Viewpoint - Meihua Co., Ltd. reported a revenue of 1.075 billion yuan for the first half of 2025, marking a year-on-year increase of 10.74%, and a net profit of approximately 96.37 million yuan, up 22.09% year-on-year [1] Group 1: Financial Performance - The company achieved a revenue of 1.075 billion yuan in H1 2025, reflecting a growth of 10.74% compared to the previous year [1] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was approximately 96.37 million yuan, representing a year-on-year increase of 22.09% [1] Group 2: Strategic Focus - The company continues to implement its strategic focus on "energy-saving, integrated modularization, electrification, new energy, and lightweight" while solidifying its core business in key components for internal combustion engine systems [1] - In the new energy sector, the company has increased policy support and resource investment, achieving significant market expansion with new energy revenue reaching 232 million yuan, a year-on-year growth of 19.82% [1] Group 3: Technological Innovation - Meihua Co., Ltd. relies on multiple core research platforms and collaborates with relevant research institutions to enhance R&D investment in new technologies and products [1] - The variable displacement pump technology, a core advantage of the company, has been widely applied in various hybrid and range-extended vehicles [1] - The company has intensified R&D and application efforts for electronic pump products, particularly electronic water pumps used in thermal management systems for new energy vehicles [1] Group 4: Product Development - The company has made positive progress in product development across various fields, including transmission oil pumps, electronic pumps, motors, and intelligent joint modules, further consolidating its global business layout [2] - Meihua Co., Ltd. is advancing the technical upgrades and application scenario expansion of components for new energy vehicles, embodied intelligence, and intelligent driving control systems, laying a foundation for sustainable growth [2] Group 5: Future Outlook - In the second half of 2025, with the steady implementation of national economic stabilization policies, the macroeconomic environment is expected to improve, guiding the company to accelerate its electromechanical intelligent integration strategy [2] - The company aims to consolidate its traditional automotive component business while rapidly developing embodied intelligent components, thermal management, and lightweight materials [2]