Group 1 - The core viewpoint of the report indicates that Runxin Technology achieved a net profit attributable to shareholders of 29.93 million yuan in the first half of the year, representing a year-on-year growth of 18.23% [1] - Excluding the impact of stock incentive expenses, the year-on-year growth rate of net profit attributable to shareholders reached 86.70%, indicating a significant improvement in profit quality [1] - The company is expanding its business structure in emerging fields such as AIoT smart modules, automotive electronics, and audio sensors, leading to a gradual diversification of revenue sources and the potential for sustainable long-term growth in both revenue and profit [1] Group 2 - The company is expected to achieve revenues of 2.817 billion yuan, 3.155 billion yuan, and 3.572 billion yuan in 2025, 2026, and 2027 respectively [1] - Due to the impact of stock incentive payment expenses in the first half of 2025, the forecast for net profit attributable to shareholders has been revised down from 154 million yuan, 216 million yuan, and 282 million yuan to 75 million yuan, 114 million yuan, and 168 million yuan for the respective years [1] - The report maintains a "buy" rating for the company [1]