Core Viewpoint - The company reported its preliminary financial data for the fiscal year 2025, indicating a mixed performance with revenue growth but a decline in operating profit and total profit [1][3]. Financial Data and Indicators - Total revenue for 2025 reached RMB 1,252.69 million, representing a year-on-year increase of 24.87% [3]. - Operating profit was RMB 30.37 million, down 8.44% from the previous year [3]. - Total profit amounted to RMB 30.42 million, a decrease of 8.18% compared to the prior year [3]. - Net profit attributable to shareholders was RMB 44.06 million, up 9.50% year-on-year [3]. - The net profit excluding non-recurring gains and losses was RMB 8.34 million, showing a significant increase of 259.61% [3]. - Basic earnings per share were RMB 0.36, reflecting a growth of 9.09% [3]. - As of the end of the reporting period, total assets were RMB 3,119.67 million, a growth of 0.64% from the beginning of the period [3]. - Shareholders' equity attributable to the parent company was RMB 2,952.89 million, up 1.83% [3]. - The company's net asset value per share was RMB 24.09, an increase of 1.77% [3]. Operating Performance and Financial Condition - The company actively optimized its product mix and upgraded its process platforms, leading to revenue growth driven by demand recovery in key application areas such as 5G base station power supplies and electric vehicle charging [4]. - Continuous investment in R&D, particularly in advanced process products, contributed to the orderly upgrade of main products and steady progress in new product development [4]. - The company conducted impairment tests on assets, resulting in a reversal of credit impairment losses of RMB 3.56 million and a provision for inventory write-downs of RMB 40.88 million [4]. - The implementation of a restricted stock incentive plan resulted in share-based payment expenses of RMB 13.93 million; excluding this impact, the net profit attributable to shareholders would have been RMB 57.99 million, a 44.12% increase year-on-year [5]. Significant Changes in Financial Metrics - The substantial increase of 259.61% in net profit excluding non-recurring gains and losses was primarily due to the company's efforts in expanding into emerging markets and optimizing its product mix, which led to increased sales and improved profitability [6].