绿茵生态：上半年净利润同比增长42.91%

Core Viewpoint - Green Eco achieved steady growth in revenue and net profit in the first half of 2025, indicating enhanced core competitiveness and a successful transition towards an operational maintenance model [1][2]. Financial Performance - The company reported approximately 225 million yuan in revenue, a year-on-year increase of 30.87% [1]. - Net profit attributable to shareholders reached 58.88 million yuan, reflecting a year-on-year growth of 42.91% [1]. - Total assets amounted to 3.917 billion yuan, with net assets of 2.416 billion yuan and a debt-to-asset ratio of 38.3% [1]. Business Segments - Ecological Restoration: The company actively promotes ecological restoration projects in key national areas, successfully implementing multiple projects in Inner Mongolia [2]. - Green Space Maintenance: Revenue from this segment reached approximately 130 million yuan, growing by 20% year-on-year, with a total maintenance area of 60 million square meters [2]. - Cultural Tourism Operations: The Shanghai Senyang Cultural Tourism focuses on green asset revitalization and light asset operations, successfully launching several projects, including the "Mamma Beast" themed project [2][3]. - Forestry Economy: The company is advancing carbon sink development and asset management, collaborating with various organizations to enhance the efficiency of land use [3]. Strategic Initiatives - The company is transitioning from a traditional engineering firm to an operational maintenance enterprise, diversifying its business model to include both TOC and TOB operations [1]. - R&D investment reached 11.2 million yuan, a year-on-year increase of 58.72%, supporting the core business and enhancing competitiveness [1]. - The company plans to leverage national policies on ecological protection and urban green space management to drive the synergistic development of its four main business segments [3].