Core Viewpoint - A video demonstrating a new battery ejection technology during thermal runaway has gone viral, leading to controversy regarding its safety implications and the lack of collaboration between the involved parties [1][4]. Company Overview - Ningbo Joyson Electronic Corp (referred to as "Joyson"), a leading global provider of smart automotive technology solutions, focuses on intelligent cockpits, connected vehicles, smart driving, energy management, and automotive safety systems [3]. - Joyson's headquarters is located in Ningbo, Zhejiang Province, China, with a business structure that includes various research institutes and over 50 production bases globally, covering major automotive markets in Asia, Europe, and North America [3]. Financial Performance - For the first half of 2025, Joyson reported a revenue of approximately 30.347 billion yuan, representing a year-on-year growth of 12.07% [3]. - The total profit for the period reached 1.247 billion yuan, with net profits attributable to shareholders at 708 million yuan and 706 million yuan for non-recurring profits [3]. - The overall gross margin improved by about 2.6 percentage points to 18.2% [3]. - Joyson secured new orders with a total lifecycle value of 31.2 billion yuan, including a 1 billion yuan order for smart driving assistance [3]. Market Activity - As of September 22, Joyson's stock closed at 36.95 yuan, down 0.4%, with a market capitalization of 51.5 billion yuan [3].

Core Insights - The company, Junsheng Electronics, reported a revenue of approximately 30.347 billion yuan for the first half of 2025, representing a year-on-year growth of 12.07% [1] - The total profit reached 1.247 billion yuan, with net profit attributable to shareholders and net profit excluding non-recurring gains and losses at 708 million yuan and 706 million yuan respectively [1] - The overall gross margin improved by approximately 2.6 percentage points to 18.2% compared to the previous year [1] Order and Business Performance - In the first half of the year, Junsheng Electronics secured new orders with a total lifecycle value of 31.2 billion yuan, which includes 1 billion yuan from intelligent assisted driving business [1] - As of the end of July, the lifecycle value of new orders in the automotive safety business reached approximately 25.5 billion yuan [1]