Suzhou Inovance Automotive Co., Ltd.

United Power released its half-year report, with first-half operating revenue reaching 9.512 billion yuan, up 3.98 percent year on year. The main business grew steadily but profits came under pressure. Revenue from electric drive systems and chassis systems reached 8.485 billion yuan, up 7.99 percent year on year. The company's electronic control, motor stator, and drive assembly products all rank first in market share among third-party suppliers. The company is steadily laying out new businesses such as power supplies for AI data center servers, cultivating a second growth curve beyond the automotive sector. Meanwhile, its intelligent chassis business has entered the commercialization stage, with active stabilizer bars securing designations from automakers and active suspension hydraulic pumps achieving mass delivery. Affected by rising raw material prices, increased R&D investment, and an asset impairment loss of 326 million yuan, overall gross margin fell 3.94 percentage points year on year to 12.79 percent. The company also completed amendments to its articles of association, adding a dedicated chapter on executive compensation assessment mechanisms, clarifying that performance-based pay should in principle account for no less than 50 percent.