Core Viewpoint - 弘讯科技 reported a slight increase in revenue for the first half of 2025 despite challenges from global economic fluctuations and exchange rate impacts, indicating stable operational fundamentals and ongoing overseas expansion and technology development [1][2]. Financial Performance - The company achieved revenue of 436 million yuan, a year-on-year increase of 1.04% [1]. - Total profit amounted to 29.71 million yuan, a decline of 26.11% year-on-year [1]. - Net profit attributable to shareholders was 28.23 million yuan, down 21.48% year-on-year [1]. - The net profit after excluding non-recurring gains and losses was 23.62 million yuan, a decrease of 41.28% year-on-year [1]. - The decline in net profit was primarily due to increased exchange losses from the appreciation of the New Taiwan Dollar [1]. Industry Environment - The industrial automation and intelligent manufacturing sectors in China received increased policy support in the first half of 2025, with initiatives like the "Manufacturing Digital Transformation Action Plan" promoting growth in related fields [2]. - The renewable energy sector is benefiting from EU policies such as the "European Green Deal" and "REPowerEU Energy Plan," creating a favorable market for the company's renewable energy business [2]. Business Operations - The industrial automation segment remains the main revenue driver, with stable performance in product areas like industrial control and drive systems, particularly in plastic and metal processing machinery [2]. - The company has established a leading market share in domestic injection molding control systems and is expanding its presence in the metal processing machinery sector [2]. - Collaboration with Taiwanese chip design companies has enhanced the company's supply chain control capabilities [2]. Digitalization and New Energy - The digitalization segment is advancing with the tmIoT cloud platform, which has been applied in various fields including plastic processing and smart agriculture [3]. - The renewable energy segment, particularly the Italian subsidiary EEI, reported revenue of 50.44 million yuan, a 16% year-on-year increase [3]. - EEI has made significant progress in energy storage solutions and has secured contracts for high-precision power systems in nuclear fusion projects [3]. Future Outlook - The company plans to continue focusing on its three core business areas, enhancing high-end product development in the domestic market, and deepening its global strategy through overseas bases [3]. - There is an emphasis on the synergistic development of digitalization and renewable energy businesses to mitigate the impact of exchange rate fluctuations and achieve long-term stable growth [3].