Core Viewpoint - Shenzhen Xinrui Technology Co., Ltd. reported a revenue of 1.06 billion yuan for the first half of 2025, representing a year-on-year growth of 23.76% due to enhanced market competitiveness and increased product sales [2] Group 1: Financial Performance - The company achieved a revenue of 1.06 billion yuan in the first half of 2025, marking a 23.76% increase compared to the same period last year [2] - Revenue from integrated vehicle power supply products grew by 30.75% year-on-year, driven by the overall positive trend in the electric vehicle industry [3] Group 2: Research and Development - Xinrui Technology increased its R&D expenditure significantly, establishing a technological advantage through long-term investment in research [2] - The company launched the 9th generation vehicle power supply platform "Ruihu" in July 2025, showcasing innovations in device design, topology, power components, platform configuration, and compatibility [2] Group 3: Product Offerings - Core products in the electric vehicle sector include on-board chargers (OBC), DC/DC converters, and multi-in-one high-voltage power control systems, with clients such as BYD, Geely, and Mercedes-Benz [2] - In the high-end equipment manufacturing sector, key products include high-power DC charging pile modules, energy storage inverters, and ground DC supercharging systems, applicable across various industries [3] Group 4: Market Potential - The global push for green transportation and sustainable development is driving the growth of the electric vehicle industry, with charging stations as essential infrastructure [3] - Xinrui Technology is positioned as a significant player in the charging pile industry, with its high-end equipment manufacturing segment expected to become a new growth driver for the company [3]