Core Viewpoint - The company, Zhejiang Fangzheng Electric Motor Co., Ltd., reported a revenue of 1.264 billion yuan for the first half of 2025, marking an 8.51% year-on-year increase, driven by advancements in various sectors including new energy drive motors, micro-special motors, intelligent controllers, and automotive electronics [1] Group 1: New Energy Drive Business - The new energy drive motor business achieved sales revenue of 600 million yuan, with a shipment volume of 463,600 units, bringing the cumulative shipment to over 3.5656 million units [2] - The company has developed cutting-edge technologies such as the eight-layer flat wire stator and ultra-high power density, with its 800V motor system for the Xiaopeng G9 being the first mass-produced ultra-high voltage motor product in China [2] - The company received 56 patent authorizations in the reporting period, including 6 invention patents and 1 international patent, and is advancing the research and development of high-voltage integrated drive systems [2] Group 2: Diversified Business Development - The micro-special motor segment, which is widely used in home appliances, medical, aerospace, and industrial sectors, has a global market size of 46.74 billion USD in 2024, expected to grow to 76.99 billion USD by 2032 [3] - The company maintains a global market share of approximately 75% in multi-functional sewing machine motors, with electric tool motor revenue increasing by 9.11% year-on-year and profit growth of 20.47% [3] - In the automotive electronics sector, the company’s subsidiary, Shanghai Haineng Automotive Electronics Co., Ltd., focuses on engine control systems, with revenue from natural gas engine control systems increasing by 57.01% due to the implementation of National VI emission standards [3] Group 3: Intelligent Controller and Future Growth - The intelligent controller (PCBA) business of the subsidiary Shenzhen Gaoke Run Electronics Co., Ltd. saw a sales increase of 46.58% year-on-year, driven by process optimization and product structure adjustments [4] - The company is exploring new business areas such as robotic joints and electric aircraft drive systems, having applied for 18 related patents, with 9 already approved [4] - The development of humanoid robot joint products is underway, which is expected to become a new growth engine for the company in the future [4]