Core Insights - The company reported a revenue of 2.035 billion yuan for the first half of 2025, representing a year-on-year growth of 16.05% [1] - The net profit attributable to shareholders was 260 million yuan, showing a slight increase of 0.14% year-on-year [1] Business Strategy - The company has firmly implemented a major client strategy, with overseas core customer orders continuing to grow [1] - Breakthroughs in expanding domestic strategic customers have led to a doubling of order scale, increasing the domestic business revenue proportion to a recent high [1] Product Development - Sales of mid-to-high-end products, including high-layer boards, HDI boards, and high-frequency high-speed boards, have significantly increased year-on-year, enhancing product value [1] - The company increased R&D investment by 22.29% year-on-year, focusing on core application areas such as automotive electronics and computing and communication [1] Key Projects - Successful development of key products including TRX-5G transceiver units, automotive chassis and steering controllers, millimeter-wave radar, LED automotive headlight substrates, 1500V inverters, robotic semi-flexible products, and drone HDI products [1] - Breakthroughs in key technologies such as embedded copper block processes for multilayer boards and HDI platform processes have provided core process guarantees for the mass production of high-end products [1]