Core Viewpoint - Yuan Zheng Technology (02488) reported a mid-year performance for 2025, showing significant growth in revenue and net profit, primarily driven by the application of smart algorithms and AI technology [1][4]. Financial Performance - Revenue for the first half of 2025 reached 982 million RMB, an increase of 10% year-on-year [1][4]. - Net profit for the same period was 196 million RMB, reflecting a year-on-year increase of 28% [1][4]. - Basic earnings per share were 0.469 RMB, with a proposed interim dividend of 0.31 RMB per share [1]. Business Highlights - The overseas business, including e-commerce, generated 746 million RMB, accounting for approximately 76% of total revenue, marking a historical high for the same period [1][9]. - Software sales amounted to 104 million RMB, representing a 28% year-on-year growth [10]. - Remote diagnosis service revenue reached 87 million RMB, with a business volume growth of 23% [11]. - Automotive data business revenue was 79 million RMB, with a business volume increase of 61% [11]. Cost Management - The main business cost-to-revenue ratio was 52%, indicating effective cost control [6]. - Management, R&D, sales, and financial expenses accounted for approximately 30% of total costs [6]. R&D and Innovation - R&D personnel constituted 30% of the workforce, with ongoing investments in technology [21]. - The company has accumulated 1,098 national authorized patents, including 984 invention patents and 346 PCT patents [23][24]. - In the first half of 2025, the company obtained 33 national authorized patents, including 26 invention patents [26]. Future Outlook - The company aims to enhance the scale of overseas business, expand super remote diagnosis transactions, and significantly increase revenue from hardware, software, services, and data [34]. - Plans include establishing digital and intelligent customer relationships and continuing to reduce operational and product costs through AI and advanced tools [36].