2025-09-03 09:24Group 1: Natural Gas Heavy-Duty Truck Engine Outlook - In the first half of the year, domestic sales of natural gas heavy-duty trucks reached 91,000 units, a year-on-year decrease of 16%, primarily due to a decline in sales in the second quarter [2] - Short-term outlook indicates that the replacement policy will include natural gas heavy-duty trucks for subsidies, which is expected to boost sales in the second half of the year [2] - Long-term, natural gas is projected to become a significant component in the heavy-duty truck industry, with a high penetration rate expected to be maintained [2] Group 2: Large Bore Engine Business Performance - In the first half of the year, sales of the M series large bore engines exceeded 5,000 units, representing a year-on-year growth of 41% [3] - Sales in the data center market approached 600 units, showing nearly a fivefold increase year-on-year [3] - The overall increase in volume and price of the M series large bore engines significantly contributed to the company's profits, with expectations of continued high industry demand [3] Group 3: New Energy Power Business Development - The new energy power business achieved revenue of 1.21 billion yuan in the first half of the year, reflecting a year-on-year growth of 37% [3] - The company anticipates that full-year revenue will more than double compared to the previous year [3] - The company has completed a comprehensive layout of products including batteries, motors, and electronic controls, with performance leading the industry [3]