Core Insights - The company reported a revenue of 275 million yuan for the first half of 2025, representing a year-on-year decline of 3.32% [2] - The net profit attributable to shareholders was -81.17 million yuan, worsening from -61.82 million yuan in the same period last year [2] - The company continues to implement its "secure chip + special communication" strategic layout, focusing on enhancing corporate health and core competitiveness [2] Financial Performance - Revenue for the first half of 2025 was 275 million yuan, down 3.32% year-on-year [2] - Net profit attributable to shareholders was -81.17 million yuan, compared to -61.82 million yuan in the previous year [2] - The net profit excluding non-recurring gains and losses was -84.63 million yuan [2] Business Strategy - The company is focused on the "secure chip + special communication" strategy to enhance its core competitiveness [2] - The company aims to improve operational resilience and maintain stable core operational indicators despite industry pressures [2] Secure Chip Business - The company provides various products including second-generation ID chips, social security card chips, financial payment chips, fingerprint sensors, and terminal security chips [3] - The company has implemented multiple strategies to maintain market share and stabilize core projects amid intense market competition [3] - The identity recognition business is showing steady growth, with an increasing market share in the financial sector and stable supply in the social security business [3] Special Communication Business - The company focuses on three main business directions: dedicated mobile communication, dedicated broadband radio stations, and broadband mobile security applications [3] - It has become a key equipment manufacturer in dedicated mobile communication and an innovative supplier in dedicated broadband radio stations [3] - The company is actively exploring new business growth points and enhancing R&D efficiency to drive stable development [3]