Company Performance - LeKai Film reported a significant decline in net profit, down 66.26% year-on-year, with a total revenue of 644 million yuan, a decrease of 15.97% compared to the previous year [1] - The second quarter showed a total revenue of 354 million yuan, down 14.16% year-on-year, and a net profit of -24.34 million yuan, a staggering decline of 99.93% [1] - The gross margin improved slightly to 13.43%, an increase of 3.06% year-on-year, while the net margin fell to -7.76%, a decrease of 90.37% [1] Financial Metrics - Total revenue for 2024 was 766 million yuan, while for 2025 it dropped to 644 million yuan, reflecting a 15.97% decline [1] - The company’s cash assets are reported to be healthy, with cash funds increasing by 41.44% to 814 million yuan [3] - The company’s debt levels decreased significantly, with interest-bearing liabilities down 64.65% to 39 million yuan [1][3] Industry Overview - The imaging materials market is experiencing a decline in overall market capacity, with a shift in demand towards diverse output methods [4] - The photovoltaic materials sector is facing intense competition and price reductions, with major products experiencing a "volume increase, price decrease" trend [4] - The lithium battery materials market is growing rapidly, with significant increases in global shipments of automotive power batteries and energy storage batteries [5]