Core Viewpoint - China Chemical achieved a net profit attributable to shareholders of 3.102 billion yuan in the first half of the year, representing a year-on-year growth of 9.26% [1] Financial Performance - In Q2, the net profit attributable to shareholders was 1.657 billion yuan, showing a year-on-year increase of 2.12% and a quarter-on-quarter increase of 14.67% [1] - The fair value change net income increased year-on-year, while credit impairment losses decreased year-on-year [1] Contract and Business Development - In the first half of 2025, the company signed new contracts worth 206.092 billion yuan, an increase of 25.23 billion yuan compared to the same period last year, with a growth rate of 1.24% [1] - The new contracts in the chemical engineering sector exceeded 160 billion yuan for the first time in the first half of the year, with nearly 100 billion yuan from major project bids [1] Strategic Focus - The company adheres to an "innovation-driven" strategy, focusing on high-end chemical products and advanced materials [1] - The implementation of the "T+EPC" integrated model (technology research and development + engineering general contracting) is emphasized, targeting high-performance fibers, biodegradable materials, and aerogels [1] - The company aims to overcome "bottleneck" technologies and promote the industry towards high value-added upgrades [1] Market Position - As a leading enterprise in chemical engineering, the company is entering a second growth curve in its industrial projects and maintains a "buy" rating [1]