With continuous breakthroughs in new technologies represented by artificial intelligence and new energy, and the constant emergence of new industries such as embodied intelligence, low-altitude economy, and AI+, leading domestic enterprises are increasingly emphasizing the power of innovation-driven development. Building long-term and sustainable competitiveness through investments in technological innovation has become a consensus among more and more enterprises.

On August 29, LEGENDHOLDING (03396) released its performance announcement for the first half of 2025, achieving revenue of RMB 281.589 billion, up 21% year-on-year; net profit of RMB 4.176 billion, up 49% year-on-year; and net profit attributable to equity holders of RMB 699 million, up 144% year-on-year. The comprehensive growth across all business indicators signifies that this enterprise, which experienced short-term performance fluctuations, has returned to a steady growth development model. Through the information disclosed in the performance report, it can be seen that LEGENDHOLDING is strengthening its core competitiveness by focusing on technological innovation to proactively address various external challenges.

Firstly, during the reporting period, LEGENDHOLDING's R&D investment increased 16% year-on-year to RMB 8.513 billion, representing a historic high for half-year R&D investment. The high R&D investment has helped LEGENDHOLDING achieve a series of results in high-tech products and services: Lenovo Group launched its self-developed super intelligent entity matrix, with flagship technology products leading globally. AI PCs now account for over 30% of Lenovo Group's total PC shipments, maintaining the global number one position with a 31% market share in the Windows AI PC category. AI server growth tripled year-on-year, continuing to rank among the world's top players.

Lianhe Chemical Technology added 22 newly authorized patents during the reporting period. Its solid electrolyte dispersants, silicon-carbon anode binders, and other new battery key functional materials passed downstream customer trial verification, completed development of 15 new products and PEEK (polyetheretherketone) product pilot testing, showing broad development prospects in high-end emerging fields such as medical, semiconductor, and humanoid robots.

In terms of strategic emerging industries and future industry layout, LEGENDHOLDING's entire system cumulatively invested in over 50 technology projects in the first half, facilitating 5 companies' capital market listings, with over 10 additional companies entering the listing process. In the pharmaceutical and medical care and embodied intelligence sectors that the market focuses on, LEGENDHOLDING's system has cumulatively invested in over 110 and 40 companies respectively, both ranking at leading industry levels.

Undoubtedly, artificial intelligence is triggering profound transformations across various economic and social sectors. Recently, the State Council issued "Opinions on Deepening the Implementation of 'Artificial Intelligence+' Actions," signifying that artificial intelligence will become a powerful engine for economic and social development. The information disclosed in LEGENDHOLDING's performance report pleasantly reveals that this enterprise, which began venturing into the artificial intelligence field over twenty years ago, has quietly secured a leading position in AI layout through long-term continuous investment and cultivation.

During the reporting period, Lenovo Group's "super intelligent entity" has evolved from concept to large-scale implementation, establishing new benchmarks for the global AI industry. Currently, the super intelligent entity has been embedded in Lenovo's products and has established business cooperation with leading enterprises and representative cities. Meanwhile, after more than 20 years of business layout, LEGENDHOLDING has formed an AI enterprise investment portfolio of over 270 companies, achieving full-stack deployment across AI's "infrastructure layer-technology layer-model layer-platform layer-application layer." It is currently the investment institution with the most complete system, highest number of enterprises, and longest duration in the AI investment field.

Simultaneously, around the "Artificial Intelligence+" action, LEGENDHOLDING already has representative cases in the integration of AI with the six key areas of technology, industry, consumption, people's livelihood, governance, and global cooperation.

Breakthroughs in technological innovation and building enterprise core competitiveness require focus, investment, and patience. LEGENDHOLDING, a technology enterprise with over forty years of history, has always been known for its steady progress style. Having anchored "technological innovation" as its driving development strategy, as its layout in emerging industries gradually grows and strengthens, we have reason to believe that LEGENDHOLDING will bring more surprises and expectations to the market.