Core Viewpoint - Delong Automotive Parts Co., Ltd. (德尔股份) reported significant growth in Q1 2025, with revenue reaching 1.22 billion yuan, a year-on-year increase of 15.13%, and net profit attributable to shareholders at 22.7382 million yuan, up 276% [1] Group 1: Financial Performance - The company achieved a revenue of 1.22 billion yuan in Q1 2025, reflecting a 15.13% increase compared to the previous year [1] - Net profit attributable to shareholders was 22.7382 million yuan, marking a substantial growth of 276% year-on-year [1] Group 2: Business Strategy and Development - The company is focusing on a dual-driven development model of "automotive parts + solid-state batteries," which is expected to enter a harvest period as the solid-state battery industrialization process accelerates in 2025 [1] - Delong has established a research and development center in Japan since 2018 to conduct forward-looking research on solid-state batteries [1] Group 3: Solid-State Battery Advancements - The solid-state battery developed by Delong features an oxide electrolyte, offering high safety, simple process flow, and ease of mass production, with strong competitiveness in performance and cost [1] - At the Tokyo International Battery and Energy Storage Exhibition in February, the company showcased its new generation solid-state battery with an energy density of 260 Wh/kg, aiming to exceed 400 Wh/kg in the next generation [2] - The company plans to increase investment in the Shanghai sample trial line to enhance equipment and processes, improving trial efficiency and sample quality for pilot and mass production [2]