Core Viewpoint - The company is committed to enhancing operational efficiency, strengthening market competitiveness, and safeguarding investor rights through its action plan released on April 29, 2025, while regularly assessing the execution of this plan [1] Group 1: Business Performance - In the first half of 2025, the company achieved operating income of -16,597,979.91 yuan, an increase of 7,232,622.38 yuan compared to the same period last year [1] - As of the end of the reporting period, total assets amounted to 8,015,958,732.76 yuan, a slight increase of 0.80% from the end of the previous year [1] - The equity attributable to shareholders decreased by 1.43% to 2,710,597,978.81 yuan compared to the end of the previous year [1] Group 2: Intellectual Property and Innovation - As of June 30, 2025, the company held 687 authorized intellectual property rights, including 18 invention patents [2] - During the reporting period, the company added 72 authorized intellectual property rights, including 8 invention patents and 45 utility model patents [2] - The company focuses on technology development and product innovation in the photovoltaic inverter and smart energy sectors [2] Group 3: Product Development and Certifications - The upgraded SDT G4 series of photovoltaic inverters has achieved breakthroughs in performance, design, compatibility, and intelligence [2] - The company became the first globally to receive a low noise performance certification for its commercial photovoltaic inverters from T?V Rheinland [2] Group 4: Smart Energy Management - The company launched a virtual power plant operation management platform, integrating energy storage and controllable loads to support new power system construction [4] - The platform employs a "cloud-edge-end" architecture for efficient data transmission and processing, enhancing resource utilization [4] Group 5: Strategic Partnerships and Collaborations - The company established a joint venture with Guangde City Transportation Investment Co., marking a milestone in urban-level virtual power plant construction [5] - A strategic partnership with Alibaba Cloud aims to explore key technologies in digital energy and provide practical applications for the industry [6] Group 6: Awards and Recognition - The company received multiple awards, including the "Polar Star Cup" for outstanding virtual power plant cases and the "Innovative Product" award for its energy-saving solutions [6][10] - The ESA series of integrated outdoor storage products won the 2024 New Energy Storage Excellent Product Award [10] Group 7: Market Expansion and Sales - In the first half of 2025, the company sold approximately 399,500 inverters, with grid-connected inverters accounting for about 366,300 units [9] - The company also sold approximately 214.47 MWh of energy storage batteries and 647.91 MW of domestic distributed systems [9] Group 8: Corporate Governance and ESG Practices - The company has revised and added several internal regulations to enhance governance structure and ensure compliance [14] - It has published ESG reports for four consecutive years, showcasing its commitment to environmental and social responsibilities [14] Group 9: Investor Relations and Communication - The company emphasizes transparency in information disclosure and has implemented various channels for investor communication [15] - It has conducted multiple investor engagement activities to enhance understanding of the company's value and operations [15] Group 10: Shareholder Returns - The company repurchased 882,246 shares, representing 0.36% of its total share capital, to maintain market value and boost investor confidence [16]