Company Overview - Hangzhou Xingshuai Electric Co., Ltd. was listed on the Shenzhen Stock Exchange in April 2017 as a high-tech enterprise with strong innovation and independent R&D capabilities [2] - The company's main business includes the R&D, production, and sales of various types of thermal protectors for refrigeration compressors, starters, sealed terminal blocks, temperature controllers for small appliances, and photovoltaic module products [2] Investment Strategy - The company acquired shares in the Yongteng No. 2 venture capital fund to leverage strategic investments in robotics, indicating a proactive approach to new industry trends and applications [3] - Xingshuai Electric is committed to expanding into new business areas through mergers and acquisitions, supported by a solid cash flow and stable order base [3] Financial Performance - In Q1 2025, the company achieved a revenue of CNY 503 million, representing a year-on-year growth of 8.37% [4] - The net profit attributable to shareholders was CNY 64.30 million, with a year-on-year increase of 21.73% [4] - The company maintains a stable business development with a full order book, and detailed performance for H1 2025 will be disclosed in the regular report [4] Partnerships and Products - Zhejiang Special Motor currently collaborates with several listed companies, including BYD, Lvtian Machinery, Wolong Electric Drive, and others [5][6] - Specific products provided include: - BYD: Electric vehicle air conditioning compressor motor core - Lvtian Machinery: High-pressure cleaning machine motor - Wolong Electric Drive: High-efficiency three-phase asynchronous motor - HaLi Co.: Electric vehicle air conditioning compressor motor - Spring Wind Power: High-speed electric motorcycle motor - Huayang Racing: High-speed electric motorcycle motor - Shentong Technology: Oil-gas separator motor for high-end Volkswagen vehicles, currently in mass production [6][7]