Ideal Auto's Q2 net profit halved. Li Xiang: HarmonyOS is the strongest competitor and both sides will coexist for a long time. According to the Q2 financial report released by Ideal Auto (Nasdaq: LI; 02015. HK), the company achieved revenue of 31.678 billion yuan in the second quarter, a year-on-year increase of 10.6% and a month on month increase of 23.6%; Net profit was 1.1 billion yuan, a year-on-year decrease of 52.3% and a month on month increase of 86.2%; The adjusted net profit was 1.5 billion yuan, a year-on-year decrease of 44.9% and a month on month increase of 17.8%. In terms of gross profit margin, Ideal Auto's gross profit margin for the second quarter was 19.5%, with slight year-on-year and month on month declines, but maintaining a relatively healthy level. Li Tie, CFO of Ideal Automobile, stated during the financial conference call that with the optimization of economies of scale and adjustments to sales policies, Ideal's vehicle gross profit margin is expected to rebound slightly in the third quarter, reaching over 19%, and the overall gross profit margin is expected to return to over 20%.