Core Insights - The company reported strong revenue and profit growth in the first half of 2025, driven by its sensor and digital information control equipment business [1][2] - Revenue reached 594 million yuan, an increase of 8.15% year-on-year, while net profit attributable to shareholders was 94.775 million yuan, up 56.60% [1] - The sensor and digital information control equipment segment saw a significant revenue increase of 65.61%, reaching 196 million yuan [1] Business Performance - The metal hose business, a traditional stronghold for the company, generated 305 million yuan in revenue, benefiting from solid competitive barriers [2] - The company’s full subsidiary WMHG is the only global provider of strip-wound welded hose airtight solutions, serving major clients like Volvo and Daimler [2] - The demand for high-specification airtight metal hoses is expected to rise with the implementation of stricter emission standards in China and Europe [2] Research and Development - The company increased its R&D expenditure to 23.8279 million yuan, a growth of 7.63%, focusing on new product development such as low-power NLP sensors and Bluetooth air monitoring sensors [2] - A collaboration with Zhejiang University aims to establish a joint R&D center for embodied intelligent perception technology, with feasibility studies expected to be completed in 2-3 months [2] - An exclusive sales and cooperation contract was signed with Shanghai Shenming Aosi Semiconductor Technology Co., Ltd. for the development and sale of boards based on the Fellow 1 model chip [2] Future Outlook - The company plans to focus on its two core businesses: sensors and digital information control equipment, and metal hoses, while expanding its domestic and international market presence [3] - There is an emphasis on advancing embodied intelligent perception technology and new production capacity to achieve breakthroughs in automotive electronics and robotics [3]

Group 1: Company Overview - The company’s history, development strategy, and main business were introduced by Secretary Li Bin during the investor relations activity [2] - The company has successfully developed commercial vehicle fleet clients in China, such as Shentong Logistics and Baifa Logistics, and has begun small-scale installation testing [2] Group 2: Product and Market Insights - The price of the commercial vehicle sensor set (including digital information control devices and sensors) ranges from ¥2,000 to ¥3,000 [2] - The company’s TPMS sensors cover over 95% of vehicle models globally, providing a competitive advantage and brand recognition in the market [2] Group 3: Financial Performance and Strategy - The company’s high gross margin is attributed to technological barriers and channel advantages, including partnerships with well-known foreign fleet service providers [2] - Currently, there are no plans for refinancing [3] Group 4: Research and Development - A joint research center with Zhejiang University was established to focus on intelligent automotive pressure sensors and AI sensors, with the project currently in the feasibility research stage [2]