Group 1: Company Overview and Investor Relations - The company participated in the 2025 online collective reception day for listed companies in Hebei, held on September 15, 2025, from 15:00 to 17:00 [2] - Key personnel present included the Chairman and General Manager, Mr. Ma Xiaofeng, and other executives [2] Group 2: Business Focus and Product Development - The company aims to expand its HVDC product series and develop core industry clients [3] - HVDC products include high-voltage direct current power supply modules and monitoring systems, with voltage levels of 240V, 336V, and 800V, and a maximum power output of 1MW [3] - The company offers various power levels for charging modules, including 20kW, 30kW, 40kW, and 60kW, with both air-cooled and liquid-cooled options [3] Group 3: Market Strategy and Performance - The company emphasizes value management through accurate information disclosure and consistent cash dividends to shareholders [3] - The company is actively expanding its overseas market presence, focusing on Europe, America, and Southeast Asia, while adhering to international standards [4] - The company reported a revenue of 58,587.48 thousand yuan for the first half of 2025, reflecting a year-on-year growth of 27.53% [6] Group 4: Competitive Position and Product Innovation - The company utilizes proprietary technology to enhance product power density and reduce material consumption [4] - Continuous investment in R&D and supply chain management is planned to improve product competitiveness and market share [4] Group 5: Impact of External Factors - The impact of U.S. trade policy changes on the company is minimal, as revenue from the U.S. market constitutes a low percentage of overall income [5]