Company Performance - The company reported a revenue of 722 million yuan for the first half of 2025, representing a year-on-year decline of 9.42% [2] - The net profit attributable to the parent company was 119 million yuan, down 32.71% year-on-year [2] - The net cash inflow from operating activities was 175 million yuan, indicating positive cash flow [2] Industry Breakdown - The photovoltaic industry generated sales revenue of 298 million yuan, accounting for 41.24% of total revenue, with a year-on-year decrease of 25.18% [2] - The semiconductor and electrical materials sector reported sales of 160 million yuan, making up 22.20% of total revenue, down 13.45% year-on-year [2] - Other industries, including research institutions, steel metallurgy, charging piles, and energy storage, achieved sales revenue of 263 million yuan, representing 36.43% of total revenue, with a year-on-year increase of 23.94% [2]