Core Viewpoint - Su Yan Jingshen is facing market challenges but is implementing lean management and technological improvements to enhance efficiency and reduce costs, while also focusing on the development of new growth areas in the salt cavern comprehensive utilization industry. Financial Performance - In the first half of 2025, the company achieved total revenue of 2.358 billion yuan and a net profit of 344 million yuan, with basic earnings per share of 0.44 yuan [1] - The total profit decreased by 28.40% year-on-year to 416 million yuan, while the net cash flow from operating activities was 156 million yuan [1] - The total assets reached 9.990 billion yuan, with accounts receivable amounting to 328 million yuan [1] Cost Management and Efficiency - The company reduced maintenance costs by 31.96 million yuan and saved 1.59 million yuan in electricity costs through optimization of boiler desulfurization pump operations [1] - The average procurement prices for coal, coke, and stone decreased by 17.3%, 24.32%, and 16.73% respectively [1] - The cost per ton of products from the subsidiary Ruihong Salt Industry decreased by 27.41 yuan year-on-year [1] Strategic Development - Su Yan Jingshen is actively promoting the salt cavern comprehensive utilization industry, with significant mining rights in Huai'an, including the Yanghuai salt mine with over 3 billion tons of reserves [2] - The Zhangxing gas storage project has commenced production, with a cumulative injection of 34.35 million cubic meters of gas [2] - The company is collaborating with Jiangsu Guoxin to build a 600MW salt cavern compressed air energy storage project, expected to be operational by July 2025 [2] Innovation and R&D - The company is committed to technological innovation, with multiple provincial-level R&D platforms and ongoing applications for high-tech enterprise recognition and provincial key laboratory establishment [2] - New product developments include five types of refined rock salt and instant snowflake salt, along with several technological achievements [2] - The company has filed 13 patent applications and received 21 patents, focusing on key technologies for salt cavern hydrogen and helium storage [2] Future Outlook - Over the next 3 to 5 years, the company aims to become a new manufacturing and renewable energy enterprise, with a projected net profit exceeding 3 billion yuan [3] - Plans include increasing salt chemical product capacity to over 10 million tons and developing a gas storage capacity of 10 billion cubic meters [3] - The Zhangxing gas storage project is expected to be fully completed by 2026, with a total design capacity of 3.126 billion cubic meters by 2030 [3] - The company has unveiled a technology center for original technology in salt cavern gas storage, addressing global challenges in constructing large gas storage facilities [3]