Group 1: Impact of Tariff Policies - The company has implemented measures to mitigate the impact of tariff policies, including accelerating global production capacity development by relocating some production to Vietnam and Indonesia [1] - The Vietnam factory has been delivering normally for nearly two years, while the Indonesian factory's capacity is expected to gradually release in the second half of the year [1] - The company is expanding its customer base and diversifying markets, focusing on traditional regions and "Belt and Road" countries, as well as capitalizing on domestic policy opportunities [2] Group 2: Revenue Changes and Strategic Adjustments - Revenue from asset management information smart terminals has dropped by 54.80% year-on-year, while emerging businesses like animal tracking and video telematics have seen significant growth [2] - The decline in smart terminal revenue is attributed to regional tariff policies causing customers to adopt a wait-and-see approach [2] - The company is focusing on high-value customized products to enhance profitability in the asset management sector while investing in emerging business areas as growth engines [3] Group 3: Investment in AI and Future Growth - A wholly-owned subsidiary focused on frontier industry investments was established in the first half of 2025, with operations progressing well [4] - The subsidiary aims to innovate in AI-related technologies and products, targeting young consumer demands with smart interactive products [4] - The company plans to deepen its focus on visual algorithm development and expand into the AI toy market, integrating technology with consumer preferences [4] Group 4: Institutional Investor Confidence - As of the first half of 2025, the number of institutional investors holding the company's stock has decreased to 1 from 52 in the same period of 2024 [5] - The company aims to improve investor confidence by enhancing performance, expanding emerging business areas, and increasing communication with institutional investors [6] - The company emphasizes shareholder returns, with a cash dividend of 100 million yuan in 2024, totaling 390 million yuan since listing, accounting for 35% of net profit [6] Group 5: Supply Chain Management - Global supply chain uncertainties have posed challenges to production and delivery [6] - The company is tracking political and economic risks in supplier countries and has implemented strategic reserves to mitigate supply cycle fluctuations [6] - Since 2020, the company has been replacing some core components with domestic alternatives, which has successfully maintained product quality and reduced costs [6]

移为通信最新半年报显示，2025年上半年营业收入3.60亿元，同比下降24.62%；归属于上市公司股东的净利润3102万 元，同比减少68.57%。 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入(元) | 359, 970, 806. 21 | 477. 552. 775. 20. | -24. 62% | | 归属于上市公司股东的净利 | 31, 019, 989. 65 | 98,694,929,50 | -68. 57% | | 润(元) | | | | | 归属于上市公司股东的扣除 非经常性损益的净利润 (元) | 25, 033, 019. 65 | 93,597,314.88 | -73. 25% | | 经营活动产生的现金流量净 | 69, 826, 488, 42 | 133,803, 633, 17 | -47.81% | | 额(元) | | | | | 基本每股收益(元/股) | 0. 0675 | 0. 2146 | -68. 55% | | 稀释每股收益(元/股) | 0. 0675 | 0. 214 ...