Core Viewpoint - 瑞声科技 reported strong financial performance for the first half of 2025, with revenue reaching RMB 13.32 billion, a year-on-year increase of 18.4%, and net profit rising significantly by 63.1% to RMB 876 million, driven by improvements in optical business profitability and rapid growth in precision components [1] Financial Performance - Revenue for the first half of 2025 was RMB 13.32 billion, up 18.4% year-on-year, marking a new high [1] - Net profit increased by 63.1% to RMB 876 million [1] - Operating cash flow was RMB 2.89 billion, a 9.1% increase year-on-year [1] - As of June 30, 2025, the net debt-to-equity ratio was 4.7%, with cash on hand amounting to RMB 7.75 billion [1] Business Segments Acoustics - Acoustics revenue for the first half was RMB 3.52 billion, a 1.8% increase year-on-year, with a gross margin of 27.2% [4] - The company shipped over 17 million units of SLS master-level and coaxial speakers, a nearly 40% year-on-year increase [4] Automotive Acoustics - Automotive acoustics revenue reached RMB 1.74 billion, up 14.2% year-on-year, with a gross margin of 23.9% [6] - The acquisition of Hebei Chuguang Automotive Parts Co., Ltd. enhances the company's layout in automotive acoustic systems [6] Optical - Optical revenue was RMB 2.65 billion, a 19.7% increase year-on-year, with significant improvements in the gross margin of plastic lenses [8] - The company reported a 150% year-on-year increase in sales of OIS modules, with over RMB 800 million in sales [9] Electromagnetic and Precision Components - Revenue from electromagnetic and precision components grew by 27.4% to RMB 4.63 billion, with a gross margin of 22.9% [11] - The company introduced a breakthrough SuperSlim Engine, potentially the thinnest x-axis motor in the mobile phone sector [11] Sensors and Semiconductors - Revenue from sensors and semiconductors increased by 56.2% to RMB 608 million, driven by the large-scale shipment of high signal-to-noise ratio microphones [13]