Core Viewpoint - The company expects significant revenue growth in the first half of 2025, but anticipates a shift from profit to loss in net income due to various market pressures and increased costs [1]. Group 1: Financial Performance - The company forecasts a revenue increase of 74.63% to 93.01% in the first half of 2025, with expected revenue between 38 billion to 42 billion RMB for the first half of this year [1]. - The projected net loss for the first half of 2025 is between 80 million to 120 million RMB, a stark contrast to a profit of 388 million RMB in the same period last year [1]. - In Q1 2025, the company reported a revenue increase of 54.41% year-on-year, but a net loss of 69.09 million RMB [3]. Group 2: Market Dynamics - The storage chip market is experiencing improved supply-demand dynamics, driven by adjustments in production capacity and increased demand from data centers, leading to a recovery in overall prices [1]. - Since Q2 of this year, the company has seen a significant revenue increase, with expected revenue between 25.48 billion to 29.48 billion RMB, representing over 86.67% year-on-year growth and over 103.51% quarter-on-quarter growth [2]. Group 3: Business Strategy and Development - The company has transitioned from a single product supplier to an integrated service provider, offering customized storage solutions that combine hardware, technology, and supply chain management [2]. - The company is focusing on expanding its enterprise-level storage and embedded storage businesses, with significant growth in these areas [2]. - The company plans to launch a full range of industrial-grade products this year, leveraging a combination of self-developed and third-party control solutions to capitalize on opportunities in edge intelligence brought by AI [2][3]. Group 4: R&D and Cost Management - The company is increasing its R&D investment, with R&D expenses expected to reach approximately 130 million RMB in the first half of 2025, a 50% increase year-on-year [1]. - The implementation of an equity incentive plan has resulted in share-based payment expenses of approximately 24.91 million RMB, an increase compared to the previous year [1].