Revenue: 1,350,434,500 CNY in QQ2 2025; YoY growth 224.39% and QoQ growth 100.00%. Gross Profit: 487,623,500 CNY; Gross Margin: 36.11%. Operating Income: 383,464,500 CNY; Operating Margin: 28.40%. EBITDA: 418,057,000 CNY; EBITDA Margin: 30.96%. Net Income: 372,850,500 CNY; Net Margin: 27.61%. EPS: 0.31; Diluted EPS: 0.28. D&A: 34,592,500 CNY. R&D: 24,741,500 CNY; SG&A: 79,417,500 CNY (incl. SG&A and selling, general & administrative). Current Ratio: 2.20; Quick Ratio: 2.14; Cash Ratio: 0.31. Debt Ratio: 9.78%; Debt-to-Equity: 14.0%; Total Debt-to-Capitalization: 12.2%. Receivables Turnover: 1.49x; Inventory Turnover: 9.47x; CCC: 12.88 days. Cash per Share: 2.93 CNY. Price-to-Book: 6.67x; Price-to-Sales: 18.38x; P/E: 16.64x. CFO per Share: 0.46; Free Cash Flow per Share: -0.0446. Revenue mix and margins imply improving scale with disciplined cost control, though free cash flow remains negative driven by capital and working-capital needs.