Core Insights - The company reported a revenue of 2.585 billion yuan for the first half of 2025, representing an 18.46% year-on-year increase, and a net profit attributable to shareholders of 45 million yuan, up 3.71% year-on-year [1] - The overseas revenue reached 686 million yuan, marking a significant growth of 54.87% [1] Group 1: Business Performance - The company achieved a non-recurring net profit of 27 million yuan, which is a 16.84% increase compared to the previous year [1] - The company successfully established partnerships with major manufacturers in Malaysia and Thailand, leveraging the advantages of its Thai factory [1] - The company’s aftermarket division expanded its overseas market presence, significantly increasing its customer base in Europe and North America [1] Group 2: Product Development - The company is accelerating the construction of multiple intelligent production lines, with a new aluminum alloy wheel hub project in Thailand expected to be completed by Q4 2025 [1] - The company is focusing on high-margin products in the motorcycle wheel hub market, achieving a 40.06% increase in overall sales revenue [2] - In the electric wheel market, the company reported a 74.11% year-on-year increase in sales revenue through deepened cooperation with quality clients [2] Group 3: Strategic Expansion - The company’s new production base in Liu'an, Anhui, is expected to enter the production debugging phase in Q3 2025, enhancing its market responsiveness [2] - The Liu'an facility is strategically located near major automotive manufacturers, allowing for efficient supply chain management and customer service [2]