Financial Performance - In the first half of 2025, the company's revenue reached 720 million CNY, a year-on-year increase of 0.11% [2] - Revenue for Q1 2025 was 360 million CNY, up 6.5% year-on-year, while Q2 2025 saw a decline of 5.5% with the same revenue [2] - The net profit attributable to shareholders was 1.05 CNY, down 24.8% year-on-year [2] - Domestic revenue accounted for approximately 590 million CNY, a 22.6% increase, representing 81.1% of total revenue; overseas revenue was about 140 million CNY, down 43.9%, making up 18.9% [2] Market Dynamics - The domestic market's revenue share increased from 71.7% in 2024 to 81.1% in the first half of 2025, driven by strong demand [3] - The domestic charging infrastructure saw an increase of 3.282 million units in the first half of 2025, a 99.2% year-on-year growth [3] - Public charging facilities increased by 517,000 units, a 30.6% year-on-year growth [3] Strategic Response - The company plans to optimize product structure by focusing on high-end and scenario-based solutions, covering six major product lines [3] - It aims to enhance regional structure and diversify market presence by analyzing local policies and market demands [4] - The company will pursue dual-track development by advancing product R&D and expanding from component supplier to comprehensive solution provider [4] Technological Advancements - The company has three major technology platforms in the cooling field: IP20 direct ventilation, IP65 independent duct, and IP65 liquid cooling technologies [6] - The independent duct and liquid cooling technologies offer high protection levels and lower failure rates, with a lifecycle of 8-10 years [6] Overseas Market Trends - In the first half of 2025, the European market for new energy vehicles saw sales of 1.331 million units, a 26.3% year-on-year increase [7] - The EU's regulatory framework continues to support the charging and swapping business, indicating a positive long-term trend for the European market [8] - The company has established local manufacturing capabilities in Southeast Asia and North America, enhancing its responsiveness to market demands [8] Future Development Plans - The company aims to become a global leader in smart energy technology, focusing on technological innovation and customer value [9] - It will deepen technical research in the charging module business and explore new business areas to drive growth [9]