Core Viewpoint - The report from Zheshang Securities indicates that China Power's net profit attributable to shareholders for the first half of 2025 increased by approximately 93.35% year-on-year, with a 35.2% year-on-year growth in Q2 2025 [1] Group 1: Performance Highlights - The significant growth in performance is attributed to the continued growth momentum in the shipbuilding industry, with the company's diesel engine segment experiencing rapid sales growth and a substantial increase in contract settlements, alongside rising prices and improved gross margins for main products such as marine low-speed engines [1] - The marine machinery segment also saw an expansion in sales scale, increased order deliveries, and higher contract settlements, leading to year-on-year growth in both revenue and profit [1] - The company has implemented a "cost engineering" strategy, focusing on controlling three types of expenses, which has continuously enhanced product profitability, resulting in a year-on-year profit increase [1] Group 2: Order and Contract Insights - In terms of new orders, the company signed contracts worth 33.919 billion yuan in the first half of 2025, representing a year-on-year increase of 25.42% [1] - As of June 30, 2025, the company held contracts worth 62.794 billion yuan, an 8% increase compared to the same period last year [1] - As a leading enterprise in marine engines, the company is expected to benefit preferentially from the upward cycle in the shipbuilding industry [1]