Group 1: Performance Forecast - The company expects a year-on-year increase in net profit and net profit excluding non-recurring gains and losses for the first half of 2025, driven by improved demand in the cement industry due to a reduction in the decline of real estate investment and the issuance of special bonds for infrastructure [2][3] - The company's product sales prices have increased compared to the previous year, contributing to the overall improvement in industry efficiency [3] Group 2: Non-Recurring Gains - The completion of a demolition project by a subsidiary resulted in a non-recurring gain of approximately 20 million to 30 million yuan, which positively impacted the net profit attributable to shareholders [3] Group 3: Convertible Bond Information - The company issued 10 million convertible bonds with a total value of 1 billion yuan, which began trading on July 2, 2020 [10][11] - The current conversion price is 8.53 yuan per share, following adjustments due to previous dividend distributions [16] - The company anticipates that the conversion price may be adjusted downward as the stock price has been below 80% of the current conversion price for 10 trading days between July 1 and July 14, 2025 [19]