On September 16, the results of the "2025 China Listed Companies Yinghua Demonstration Case Selection and Most Popular Listed Companies Among Institutional Investors Selection" were officially announced. LAUNCH TECH (02488), a global leader in automotive diagnostic equipment, received the "Hong Kong Stock Growth Demonstration Case" award for its outstanding performance in technological innovation and growth value.
The "Yinghua Award" excellent listed companies selection features 15 major awards, including Hong Kong Stock Growth Demonstration Case, Hong Kong Stock Technology Innovation Demonstration Case, and Hong Kong Stock Overseas Expansion Demonstration Case. The evaluation aims to objectively assess companies' comprehensive strength and value from a long-term investment and value investment perspective, seeking to identify listed company benchmarks with demonstration effects in venture capital and technological innovation, providing reference examples for high-quality development of capital markets.
As a global leader in automotive diagnostics, LAUNCH TECH launched three major strategies in 2024: AI Diagnostic Service (ADS), AI Auto Service (AAS), and Electric Vehicle Service (EVS). These initiatives aim to build intelligent automotive fault analysis and prediction systems, providing automotive AI services to car owners, repair shops, vehicle manufacturers, and parts suppliers, as well as offering new energy vehicle maintenance workstation transformation and after-sales services to customers, achieving positive phased results.
The 2025 interim report shows the company achieved operating revenue of 981 million yuan, up 10% year-over-year, and net profit of 194 million yuan, up 28.47% year-over-year, demonstrating strong development momentum. Among these, three high-margin businesses - software, remote diagnostic services, and automotive data - showed significant growth.
In the first half of 2025, customer software purchases reached 104 million yuan, up 28% year-over-year; customer remote diagnostic service purchases totaled 8.7 million yuan, up 53% year-over-year; and data revenue reached 7.9 million yuan, up 61% year-over-year. LAUNCH TECH has gradually evolved from a manufacturing enterprise to an intelligent software and data company.
This "Yinghua Award - Hong Kong Stock Growth Demonstration Case" recognition officially validates LAUNCH TECH's transformation from traditional manufacturing to intelligent software and data services. Against the backdrop of the global automotive digital services market expected to exceed $250 billion in 2025, the company's entry into the rapidly growing diagnostic and data analysis segment demonstrates high alignment with industry trends. This award further validates the sustainability of its business model and highlights its benchmark value in the global automotive intelligence wave.