Core Viewpoint - JunDa Co., Ltd. reported a significant decline in revenue and an increase in net loss for the first half of 2025, primarily due to reduced sales in the Chinese market, while overseas market sales showed substantial growth, indicating a strategic shift towards globalization [1][2] Financial Performance - Revenue for the first half of 2025 was approximately 3.656 billion yuan, a year-on-year decrease of 42.48% [1] - Net loss reached about 264 million yuan, an increase of 58.51% year-on-year, with a loss per share of 1.07 yuan [1] Market Dynamics - The decline in revenue was mainly attributed to a 67.9% drop in sales within mainland China, driven by reduced photovoltaic cell sales and falling market prices [1] - However, revenue from overseas markets surged by 116.2%, reflecting the company's strategic focus on global expansion and enhancing international sales networks [1] Technological Advancements - The company has been optimizing N-type battery technology, achieving over 0.2% improvement in average production conversion efficiency and a reduction of approximately 20% in non-silicon costs [1] - The TBC battery's conversion efficiency is reported to be 1-1.5 percentage points higher than mainstream N-type batteries, with preparations for mass production ongoing [2] - Collaboration with external institutions has led to a laboratory efficiency of 32.08% for perovskite tandem batteries, positioning the company at the forefront of the industry [2] Global Expansion Strategy - The company actively pursued a globalization strategy, significantly increasing its overseas sales proportion from 23.9% in 2024 to 52.0% in the first half of 2025 [2] - Continuous development and certification of new market clients across Asia, Europe, North America, Latin America, and Australia have strengthened the company's global customer service capabilities [2]