Group 1: Company Overview and Financial Performance - In the first half of 2025, the company achieved operating revenue of CNY 699.70 million, a year-on-year increase of 6.30% [1] - The net profit attributable to ordinary shareholders was CNY 103.58 million, reflecting a year-on-year growth of 10.76% [1] - Basic earnings per share reached CNY 1.10, with net profit excluding non-recurring gains and losses at CNY 88.61 million, up 14.20% year-on-year [1] Group 2: Business Segment Performance - HVAC/R segment revenue was CNY 421.85 million, down 3.98% due to macroeconomic slowdown and a downturn in the real estate market [2] - The heat pump business saw significant growth, with revenue increasing in the context of global energy transition and favorable government policies, contributing to a recovery in the air source heat pump market [2] - Revenue from the new energy vehicle thermal management sector reached CNY 260.15 million, a year-on-year increase of 28.18%, driven by rising penetration rates of new energy vehicles [2] Group 3: Strategic Initiatives and Future Growth Drivers - The company is strategically entering the data center thermal management and energy-saving technology sectors, focusing on high-efficiency variable frequency technology and optimizing energy efficiency curves [3] - In the HVAC/R sector, the company is expanding its product series and enhancing its global customer network, particularly in the heat pump market [4] - The company is also advancing its automation and robotics initiatives, investing in customized servo products to meet market demands [5] Group 4: Investment Projects and Cash Management - The "New Energy Vehicle Electronics and Intelligent Manufacturing Industrial Base" project is 80.94% complete and has commenced production, enhancing capacity to meet market demand [5] - The company plans to maintain a stable cash dividend policy, proposing a cash dividend of CNY 1 per 10 shares, totaling CNY 9.43 million for the first half of 2025 [5] - Future cash management will focus on supporting business development needs and expanding global market presence, particularly through the Thailand production base [5]