Chervon Automotive's revenue increased in the first half of the year

Nanjing Chervon Automotive Precision Technology Co., Ltd. ("Chervon Automotive") achieved operating revenue of RMB 1.218 billion in the first half of 2025, an 18.9% year-on-year increase; its net profit was RMB -167 million, a year-on-year reduction of RMB 86.81 million. Although still operating at a loss, the company benefited from the rapid growth of its new energy business, particularly driven by the sales of popular models from Xiaomi and Wenjie, which are compatible with end-users. This business saw significant revenue growth.