Core Viewpoint - The report highlights significant growth in revenue and net profit for Zhuhai Guangku Technology Co., Ltd. in the first half of 2025, alongside a notable decline in cash flow from operating activities [1][2]. Financial Performance - The company's operating revenue reached approximately 596.65 million yuan, representing a year-on-year increase of 41.58% compared to 421.42 million yuan in the same period last year [1]. - Net profit attributable to shareholders was approximately 51.87 million yuan, marking a substantial increase of 70.96% from 30.34 million yuan in the previous year [1]. - The net profit after deducting non-recurring gains and losses was approximately 10.48 million yuan [1]. - Basic earnings per share increased to 0.2082 yuan, up 69.82% from 0.1226 yuan [1]. - Diluted earnings per share also rose to 0.2059 yuan, reflecting a 67.94% increase from the previous year [1]. - The weighted average return on equity improved to 2.63%, compared to 1.69% in the previous year [1]. Asset and Equity Position - Total assets at the end of the reporting period were approximately 3.32 billion yuan, an increase of 12.55% from the previous year [2]. - Net assets attributable to shareholders were approximately 2.00 billion yuan, reflecting a growth of 4.14% from 1.93 billion yuan at the end of the previous year [2]. Business Development - The company is actively advancing the research and development of lithium niobate high-speed modulator chips and devices, with several new products undergoing small batch production and shipment [6]. - A high-speed modulator has passed mass production verification with a leading satellite communication customer and has begun bulk shipments [6]. - The Thailand branch of the company has achieved ISO9001 certification and is cooperating with key customers to complete product audits and begin small batch trial production [6].