2025-09-04 08:22Group 1: Financial Performance - In the first half of 2025, the company achieved a revenue of 1.524 billion CNY, representing a year-on-year growth of 35.32% [2] - The overall gross margin for the same period was 18.01%, a decrease of 1.77% compared to the previous year, primarily due to a decline in product prices [2] - The net profit margin for the first half of 2025 was 6.10%, with a continuous decrease in the proportion of sales, management, and R&D expenses relative to revenue [3] Group 2: Product Insights - The C-EPS product significantly impacted the gross margin, contributing approximately 50% of the company's revenue [2] - The company is a major supplier of electric steering systems for new energy light trucks, holding over 50% of the market share in this segment [3] - The company anticipates that the domestic steer-by-wire market will begin large-scale development in 2026, with products expected to enter mass production in the second half of that year [3] Group 3: Cost Management and Future Outlook - The company is implementing multi-dimensional cost reduction strategies, including optimizing product design and enhancing operational efficiency through digitalization [3] - The company expects product prices to stabilize in the second half of the year, which will help maintain gross margin stability [2] - There are currently no specific plans for overseas factory investments, but the company is actively pursuing supplier qualifications with several international automotive manufacturers [4]