Group 1 - The company reported a revenue of 4.436 billion yuan for the first half of 2025, representing a year-on-year increase of 50.49%, with significant narrowing of losses compared to previous periods [1] - The increase in revenue is attributed to a substantial growth in sales volume and revenue of the company's main products, despite a decline in sales prices due to falling prices of key raw materials like lithium carbonate [1] - The company's production capacity utilization has significantly improved, leading to a decrease in unit costs that outpaced the decline in unit selling prices, resulting in a recovery of product gross margins compared to the same period last year [1] Group 2 - The company has made continuous investments in R&D and technological innovation, applying for 38 domestic invention patents and 81 international invention patents during the reporting period [2] - In the area of solid-state battery materials, the company is developing various solid electrolytes and has begun small batch testing with customers for some models [2] - The company has made progress in the industrialization of sodium-ion battery materials and manganese phosphate lithium, with hundreds of tons of sodium-ion battery cathode materials already shipped and high-capacity manganese phosphate lithium in trial production [2]