Core Viewpoint - The company, Jianbang Co., Ltd., has experienced a significant decline in profitability and revenue due to various adverse factors, including increased market competition and a downturn in industry demand, despite its strong market position in the fine chemical sector. Group 1: Financial Performance - Jianbang Co., Ltd. reported a 27.72% year-on-year decline in net profit attributable to shareholders, amounting to 69.66 million yuan in the latest interim report [1] - The company's gross profit margin has decreased from 44.47% in the first half of 2022 to 29.77% in the first half of 2025 [2] - Revenue for the first half of 2025 fell by 15.37% year-on-year to 307 million yuan, compared to 143 million yuan in the first half of 2022 [2] Group 2: Product Pricing and Sales - The average selling price of key products has significantly decreased, with the average price of Saike dropping to 11,700 yuan per ton, a decline of 18.75% year-on-year [1] - The average selling price of titanium ester fell to 18,600 yuan per ton, down 28.46% year-on-year [1] - The average selling price of DBM/SBM was 31,000 yuan per ton, reflecting a 1.90% decrease, while acetylacetone salt's average price was 15,400 yuan per ton, down 12.99% [1] Group 3: Investment Projects - The company has decided to pause the "7000 tons per year DBM intelligent manufacturing technology transformation and expansion project" due to increased competition and the need for re-evaluation [4] - Originally planned to invest 110 million yuan in the project, the company has adjusted its investment plans twice due to lower-than-expected fundraising [7] - The current DBM production line is deemed sufficient to meet capacity needs, indicating that now is not the optimal time for investment in this project [8]