Core Viewpoint - The company is expected to achieve significant growth in net profit for the first half of 2025, driven by the successful launch of its Inner Mongolia olefin project, despite a decline in the prices of its main products [3][4]. Group 1: Financial Performance - The company forecasts a net profit attributable to shareholders of 5.4 to 5.9 billion yuan for the first half of 2025, representing a year-on-year increase of 63.4% to 78.5% [3]. - For Q2 2025, the expected net profit is between 2.96 to 3.46 billion yuan, showing a year-on-year growth of 57.3% to 83.8% and a quarter-on-quarter increase of 21.6% to 42.1% [3]. Group 2: Product Performance - The average market prices for the company's main products in Q2 2025 are projected to be 1,226 yuan/ton for coke, 7,565 yuan/ton for polyethylene, and 7,479 yuan/ton for polypropylene, reflecting year-on-year declines of 34%, 11%, and 5% respectively [4]. - Despite the significant price drops in coke and polyolefins, the company's olefin product sales volume has increased substantially due to the full production of the Inner Mongolia project [4]. Group 3: Project Developments - The Inner Mongolia olefin project has been launched in phases, with production starting in November 2024, January 2025, and March 2025, increasing olefin capacity from 2.2 million tons/year to 5.2 million tons/year [5]. - The company has adopted domestically produced equipment for the Inner Mongolia project, with 23 items reaching leading domestic and international standards [5]. - The company is also advancing the Ningdong Phase IV project, which includes 50,000 tons/year of olefin capacity, utilizing a new model of "green hydrogen and oxygen production from green electricity" to supply its chemical facilities [5].