Financial Performance - The company achieved a revenue of 1.276 billion yuan in the first half of 2025, maintaining stability despite macroeconomic challenges [3] - Total assets amounted to 9.155 billion yuan, showing a slight decrease due to temporary cash flow impacts [4] - Net profit reached 12.59 million yuan, with a net profit attributable to the parent company of 12.5941 million yuan, indicating a return to profitability compared to the previous year [3][4] Cost Management - Management expenses decreased by 8.76% year-on-year, while financial expenses dropped by 12% [4] - The company has effectively controlled sales expenses, contributing to an expanded profit margin [5] Investment and Project Development - Water conservancy investment accounted for approximately 30% of infrastructure investment, the highest among various sectors [5] - The company is actively advancing key projects such as Hainan Niululing and Ningxia Hongshibao, despite delays in project funding and indicators [5] Order and Market Outlook - The company anticipates a significant increase in order volume in the second half of the year, driven by the rapid advancement of high-standard farmland projects [5] - The company has established strategic partnerships with major state-owned enterprises, enhancing its competitive edge in project bidding [5] Product Development and Innovation - The company launched a series of solutions under the "XiaoHui" product line, focusing on areas with substantial national investment [6] - The product matrix includes comprehensive solutions for flood control, river management, and digital twin projects, showcasing the company's industry leadership [6] International Expansion Strategy - The company is committed to an internationalization strategy, aiming to become a century-old enterprise in the irrigation sector [12] - Current challenges include brand building and establishing a marketing and after-sales service system in international markets [12] - The company plans to focus on regions such as Central Asia and Southeast Asia for market expansion, leveraging its comprehensive service capabilities [12][13]