Financial Performance Summary - In 2025, the company achieved a revenue of 1,015.52 million RMB, representing a year-on-year growth of 20.32% [2] - Operating profit reached 131.45 million RMB, up 40.98% year-on-year [2] - Total profit amounted to 126.30 million RMB, an increase of 36.85% compared to the previous year [2] - Net profit attributable to shareholders was 128.13 million RMB, reflecting a growth of 31.53% [2] - The net profit after deducting non-recurring gains and losses was 118.74 million RMB, up 30.72% [2] - The net profit attributable to shareholders after excluding share-based payment impacts was 170.22 million RMB, showing a significant increase of 54.45% [2] Business Strategy and Product Development - The company focused on "high-performance wireless connectivity + edge intelligence" strategy, leading to product structure upgrades and enhanced technical capabilities [2] - Traditional IoT business segments, including smart home and retail, contributed approximately 850 million RMB, providing a stable revenue base [3] - The audio product line experienced rapid growth of about 50%, surpassing 100 million RMB in revenue [3] - The gaming peripherals business generated revenue of 25 million RMB, while automotive SOC chip products began mass production, contributing several million RMB [3] - The company launched the TL-EdgeAI platform, showcasing practical capabilities in edge AI applications [3] Profitability and Margin Improvement - The overall gross margin was approximately 50.33%, an increase of 1.99 percentage points from the previous year [4] - The company maintained a steady growth in revenue while improving profitability and the quality of earnings [4] Research and Development Investment - R&D expenses accounted for about 27% of revenue, reflecting an increase from the previous year [6] - The company introduced several advanced products, including wireless gaming chips and high-precision positioning technology [6] - Strategic investments were made in areas such as edge AI computing platforms and next-generation high-performance SoC products [6] Sales and Supply Chain Management - Sales expenses were approximately 7.7% of revenue, totaling 78.31 million RMB, a 12% increase year-on-year [7] - Significant growth was observed in the Japanese and Korean markets, with a complete sales team established in North America [7] - The company has completed overseas supply chain backups to mitigate risks associated with domestic capacity shortages [7] Financial Stability - Total assets grew by 6.22% compared to the previous year, while equity attributable to shareholders increased by 5.26% [8] - The company continues to focus on high-value-added sectors, emphasizing R&D investment and the introduction of high-margin products [8] - The overall financial health remains stable, with a commitment to sustainable high-quality growth [8]