PATEO Reports Substantial Revenue Growth and Profit Increase of 38.3%

PATEO CONNECT's Impressive Financial Breakthrough

PATEO CONNECT Technology (Shanghai) Co., Ltd. (stock code: 2889.HK) has released its first interim report since going public, revealing significant improvements in key financial indicators. The company reported an impressive 26.2% increase in revenue, reaching 10.86 billion RMB during the first half of 2025, and a remarkable 38.3% growth in gross profit amounting to 1.56 billion RMB. This growth not only reflects the company's successful strategies but also its strong position in the highly competitive technology market.

The notable surge in PATEO's financial performance can be attributed to several successful initiatives. First, the company has shifted its focus towards high-end products, which has substantially enhanced its market presence and operational efficiency. With smart cockpit controller deliveries rising from about 300,000 units during the same period last year to 400,000 units, including 160,000 being high-end System on Chip (SoC) controllers, PATEO has solidified its competitive edge in the smart cockpit domain.

Moreover, revenue from smart cockpit solutions hit 1,039.6 million RMB, showcasing a healthy 25.9% year-over-year increase. PATEO's connected service revenue, too, showed remarkable growth with a 37.9% rise, reaching 44.2 million RMB. Such statistics highlight PATEO's capabilities in innovation and product development to meet the evolving demands of the automotive industry.

R&D spending also saw a year-on-year increase of 17.4%, affirming PATEO's commitment to leading advancements in smart cockpit solutions. Notably, PATEO Automotive has emerged as a leader among national providers, securing the highest number of invetnion patents in the industry. As of June 30, 2025, PATEO had 1,785 patents, with 935 being invention patents, while it filed 6,088 patents during the period, thus indicating a proactive approach towards innovation.

In conjunction with its stock market debut in Hong Kong, PATEO also revealed a collaboration with Porsche to design the next generation of embedded infotainment systems specifically for the Chinese market. Mingling technology with luxury, this partnership underscores PATEO's position as a key player in the high-end automotive sector.

President Ying Zhenkai, who is also known as Ying Yilun, stated in the company's semi-annual report, "PATEO has achieved notable results through enhanced collaboration between upstream and downstream supply chains in our core operations. The performance of our premium products, consistent progress in international markets, and substantial revenue growth solidify our market position."

These steadily increasing figures, combined with a clear growth trajectory and market-oriented focus, offer promising returns for prospective investors in PATEO CONNECT technology. With its innovation-driven model and strategic partnerships, PATEO is well-equipped to capture further growth in the tech-driven automotive market.

With exciting developments on the horizon and a strong commitment to technological advancement, PATEO CONNECT continues to pave the way for a future rich in innovation and profitability.