Core Insights - The company reported a revenue of 1.29 billion yuan for the first half of 2025, representing a year-on-year growth of 18.24%, with a net profit of 27.44 million yuan [1] - The company is a national high-tech enterprise focused on the design, research and development, production, and sales of automotive fluid pipelines and sealing components, with over 30 years of experience in the industry [1] - The company is implementing a second curve strategy to explore the automotive parts industry, establishing a collaborative industrial layout with a focus on integrated water modules and core technologies such as electronic water valves and pumps [1][2] First Curve Business - The company is aligning with the trends of electrification, intelligence, and connectivity in the automotive industry, optimizing product structure through increased R&D investment [2] - Revenue from automotive fluid pipelines and assemblies reached 895 million yuan, a year-on-year increase of 35%, while revenue from sealing components decreased by 5.47% to 382 million yuan [2] Second Curve Business - The company is advancing its new energy thermal management projects through internal incubation and collaboration with its Shanghai R&D center, providing solutions for new energy vehicle thermal management systems [2][3] - Investments in companies within the automotive supply chain, such as MiFu Technology and ShiFeng Intelligent Technology, are part of the strategic layout to expand business scale [2] Product Development - The company is increasing investment in fluid pipeline products, transitioning to new materials like nylon and EPDM, and developing modular temperature control system designs for clients [3] - The sealing strip product line has rapidly expanded, offering a diverse range of products to meet the requirements of major manufacturers [3] Future Outlook - The company aims to deepen its engagement in the new energy vehicle sector, enrich its product line, and develop more high-quality clients for mutual growth [3] - Internal reforms will be pursued to optimize production processes and enhance profit margins, ensuring sustainable returns for shareholders [3]