Group 1: Company Performance and Business Progress - In the first half of 2025, the company reported revenue of approximately 533 million yuan, a year-on-year decrease of about 10.7%, and a net loss attributable to shareholders of approximately 8.3 million yuan [1] - The company plans to optimize product structure, control costs, and expand market reach to improve performance [1] Group 2: Business Development - The first phase of the Anhui Anqing New Materials Industrial Base has some production lines in trial production, with others under planned construction [2] - Marine coatings are primarily used above the waterline of ships, with some products validated by Ningde Times but not yet supplied in bulk [2] Group 3: R&D Directions and Product Layout - The company's R&D focuses on green and environmentally friendly sealants and water-based coatings, promoting low VOC, solvent-free, and water-based products [3] - In the electronics sector, the company is actively exploring the 3C coating market with mature products, while liquid cooling silicone oil is still in the verification stage [3] - For aerospace applications, the company has developed a protective matrix for eVTOLs and aims to establish a joint venture for the development of adhesives for aircraft windshields [3] Group 4: Opportunities in New Energy - The company anticipates significant market potential for its "adhesive-coating integration" technology with the implementation of the new national standard for electric vehicle batteries in July 2026 [4] - The company has provided one-stop solutions for commercial and residential energy storage and has established partnerships with clients like Pylon Technologies [4]