Group 1: Company Performance and Projects - The company held a half-year performance briefing on August 29, 2025, where executives addressed investor inquiries regarding new projects and performance metrics [1][2]. - The Yueda Huafeng 378MW fish-solar complementary project is expected to be operational by the end of 2024, generating revenue of 63.06 million yuan and a net profit of 17.23 million yuan in the first half of 2025, with an annualized capital return rate exceeding 10% [1]. - The logistics subsidiary, Yueda Changjiu, achieved revenue of 12.8 million yuan in the first half of 2025, with a 20% increase in market share for its Kia port business [2]. Group 2: Business Segments and Growth - The smart manufacturing segment, including Yueda Intelligent Agricultural Equipment and Yueda Textile, reported a 7.8% sales growth in emerging markets, with a 46.7% increase in orders for products over 100 horsepower [3]. - Yueda Specialized Vehicles achieved revenue of 16.7 million yuan, a 45.22% year-on-year increase, and turned a profit with a net profit of 254,400 yuan, marking a significant turnaround [3]. - The textile division also showed profitability with a net profit of 1.2125 million yuan, reflecting a growth of 3.75 million yuan compared to the previous year [3]. Group 3: Industry Trends and Strategic Positioning - The implementation of the photovoltaic grid parity policy is expected to benefit the industry by promoting healthy development across the supply chain, presenting opportunities for leading companies with resource advantages [4]. - The company is strategically positioned in Yancheng, Jiangsu, with over 90% completeness in the local photovoltaic industry chain, allowing for self-sufficient development [4]. - The company is actively involved in green electricity trading, with over 2 million kilowatt-hours traded in 2024 and 160,000 green certificates issued, laying a solid foundation for future business expansion [5]. Group 4: Renewable Energy Initiatives - The company is engaged in microgrid construction, successfully integrating distributed photovoltaic projects, and has launched several commercial microgrid projects [5]. - Collaboration with the Yancheng Economic Development Zone to establish a zero-carbon park is underway, exploring a synergistic development model of "energy + industry" [5]. - The company is also focusing on carbon asset management, building a comprehensive industry matrix involving photovoltaic, wind power, storage, and carbon trading [5]. Group 5: Energy Services - Yueda Energy Services focuses on electricity sales and energy management, having signed contracts with 32 new clients in the first half of 2025, with a total agency electricity scale of 255 million kilowatt-hours [6]. - The company is involved in the development of a zero-carbon park and has integrated resources from four renewable energy companies to create a comprehensive solution for electricity consumption [6].