Core Viewpoint - The company reported a significant decline in revenue and net profit for the first half of the year, primarily due to adverse market conditions and increased competition in the construction industry [1][4]. Financial Performance - The company's operating revenue for the first half of the year was 57.388 billion, a year-on-year decrease of 14.33% [1]. - The net profit attributable to shareholders was 1.052 billion, down 33.52% compared to the previous year [1]. - The net assets stood at 35.535 billion, reflecting a year-on-year growth of 14.51% [1]. - The asset-liability ratio was reported at 88.71% [1]. Challenges and Responses - The decline in performance was attributed to economic downturn pressures, reduced industry investment scale, insufficient project commencement rates, and delayed construction progress [1]. - The company emphasized its efforts to maintain operations and manage risks amid these challenges, describing the results as hard-earned [1]. Accounts Receivable Management - As of the end of the reporting period, accounts receivable amounted to 174.856 billion, a decrease of 3.704 billion from the previous year-end, but still representing a large outstanding balance [2]. - The company is implementing measures to enhance debt collection and improve cash flow, aiming to reduce bad debt losses and increase capital turnover efficiency [2]. Strategic Adjustments - The company has identified enhancing debt collection as a key focus for the first half of 2025, with a structured plan to manage and reduce outstanding debts [3]. - The strategic focus includes optimizing business structure and accelerating transformation in sectors such as petrochemicals, urban renewal, wind power, solar energy, independent energy storage, and waste-to-energy [3][4].

Core Viewpoint - The company held a meeting to discuss the recovery of debts, financing withdrawals, and asset revitalization, aiming to ensure that economic indicators meet targets halfway through the year [1][5]. Group 1: Meeting Overview - The meeting was attended by key company leaders, including the Chief Financial Officer and the General Manager, to analyze the progress of financial recovery and asset management [3][5]. - The company emphasized the importance of proactive planning and systematic layout in response to various adverse factors affecting operations [5]. Group 2: Key Emphasis - Regional self-balancing is essential for survival, and the core functions of debt recovery, financing, and asset revitalization are critical for regional management [7]. - The company urged all employees to adopt a sense of urgency and responsibility to advance financial recovery and asset management efforts [7]. Group 3: Specific Requirements - The company outlined three main tasks: 1. Clarify debt recovery strategies and ensure effective implementation, with a focus on government policy coordination to secure debt relief funds [9]. 2. Take responsibility for financing goals, emphasizing teamwork and proactive communication with banks to meet funding needs [9]. 3. Enhance asset revitalization through innovation, maximizing asset value, and ensuring cash flow generation [10].