Group 1 - The company achieved operating revenue of 1.747 billion yuan in the first half of 2025, representing a year-on-year growth of 10.55% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 52.17 million yuan, with a year-on-year increase of 47.33%, indicating continuous improvement in profitability [1] - The innovative business centered around Harmony, Euler, and AI generated sales revenue of approximately 368 million yuan, growing by 8.96% year-on-year, accounting for 21.07% of total operating revenue [1] Group 2 - In the traditional advantageous business sector, particularly in the long-established fintech field, the company continues to deepen its layout and maintain industry-leading advantages [2] - The company has launched 13 commercial versions of the open-source Harmony operating system, ranking first in the community, and has empowered various industries including power, oil and gas, healthcare, mining, transportation, education, etc. [2] - The company has introduced the HopeOS standard version for the general market in the open-source Euler business, achieving commercial maturity in numerous fields such as finance, energy, emergency safety, tobacco, telecommunications, and research institutions [2] - The company is fully committed to AI, building a comprehensive technical system covering AI chips, servers, operating systems, and full-stack AI platforms, providing end-to-end large model solutions for industries like finance, energy, and retail [2] - Western Securities believes that the operating system is the soul of terminal devices, and the company, as a core participant in the Harmony ecosystem, is expected to benefit significantly [2]