Core Viewpoint - Huada Technology reported a strong performance in the first half of 2025, with significant growth in revenue and net profit driven by new model production and increased sales [1] Financial Performance - The company achieved operating revenue of 2.868 billion yuan, a year-on-year increase of 22.48% [1] - The net profit attributable to shareholders reached 199 million yuan, growing by 21.17% year-on-year [1] - The increase in revenue was primarily due to the transition of new model products to mass production and a rise in sales income [1] Business Strategy - The company is optimizing its customer structure and actively exploring new customer resources to enhance technological innovation and accelerate new product development [1] - In the fuel vehicle stamping and welding parts business, the company maintains strong relationships with vehicle manufacturers while seeking new customer resources [1] - Despite the decline in market share for fuel vehicles due to competition from new energy vehicles, the company is focused on ensuring stable product supply [1] New Energy Vehicle Components - The company follows an integrated development approach with its subsidiaries to expand production capacity and enhance the development of quality customers [1] - It is actively pursuing high-quality project allocations and has established partnerships with major players like CATL [1] Research and Development - The company emphasizes technological innovation as its primary growth driver, with R&D expenses amounting to 86.51 million yuan, reflecting a year-on-year increase of 6.48% [1] - A total of 13 R&D projects are currently underway, with progress being made and some projects achieving significant results [1]