Core Viewpoint - The company expects significant growth in revenue and net profit for the first half of 2025, driven by new product launches and market expansion. Group 1: Financial Projections - The company anticipates a revenue of approximately 630 million yuan for the first half of 2025, representing a year-on-year increase of around 38% [1] - The expected net profit attributable to the parent company is around 90 million yuan, reflecting a year-on-year growth of approximately 104% [1] - The net profit after deducting non-recurring gains and losses is projected to be about 70 million yuan, indicating a year-on-year increase of around 53% [1] Group 2: Revenue Growth Drivers - The significant revenue growth is primarily attributed to the substantial increase in new product categories, with non-AC-DC product revenue expected to rise over 70% year-on-year, outpacing the 26% growth in AC-DC product revenue [1] - The company's diversified strategy in "power system overall solutions" has led to the successful launch of new products such as DC-DC, Driver, Discrete, and Power Module, enhancing overall performance and cost advantages for clients [1] Group 3: Market Expansion - The company has made strong advancements in the industrial application chip business, with expected revenue growth of over 55% in the industrial market, significantly exceeding the overall revenue growth rate of approximately 38% [2] - Key breakthroughs in high-voltage, high-reliability AC-DC products have led to mass production and delivery to industrial clients, including new power chips for servers and communication devices [2] - The industrial market offers higher profit margins compared to standard power supplies and smart home appliances, indicating greater growth potential in new markets [2]