Core Insights - The company reported a revenue of 3.884 billion yuan in the first half of 2025, representing a year-on-year growth of 16.13% [1] - Net profit attributable to shareholders reached 33.6114 million yuan, a significant increase of 71.05% year-on-year [1] - The company's strong performance is attributed to effective cost control and a decrease in financial expenses [1] Revenue Breakdown - The electronic components distribution business generated 3.848 billion yuan, accounting for 99.08% of total revenue, with a year-on-year growth of 15.89% [1] - The IoT product design and manufacturing business saw a revenue increase of 48.49%, emerging as a new growth driver [1] Cost Management - Financial expenses decreased by 41.11% due to lower overseas financing costs and reduced exchange losses [1] - The company maintained stable gross margins, reflecting effective supply chain management and product structure optimization [1] Market Expansion - The company is actively expanding into industrial control, automotive electronics, and new energy sectors, reducing reliance on traditional consumer electronics [2] - Market share in industrial and automotive electronics has steadily increased, benefiting from the global surge in AI computing demand [2] Product Development - Custom chip offerings, including motor driver chips and medical-grade continuous glucose monitoring devices, have entered mass production [2] - IoT wireless module products have been successfully applied in smart metering and new energy devices, showcasing technological differentiation [2] Domestic Market Performance - Domestic revenue grew by 66.41%, with the domestic market share increasing to 42.81%, indicating the success of localization strategies [2] - The company plans to strengthen collaborations with original manufacturers and key clients while expanding investments in high-growth sectors [2]