Group 1: Company Performance - The company achieved a non-GAAP net profit growth of 89.64% in the first half of 2025, driven by a multi-dimensional operational strategy [3] - Revenue for the first half of 2025 reached 371 million yuan, representing a year-on-year increase of 13.60% [3] - The net profit attributable to shareholders was 71.73 million yuan, showing a year-on-year growth of 4.96% [3] Group 2: Business Strategy and Focus - The company is focusing on two main directions: quality energy asset management and resource utilization, particularly in precious metal recovery [3] - The establishment of a global "pollution reduction and carbon reduction headquarters R&D center" positions the company as a leader in core areas such as flue gas treatment and soil remediation [3] - The company is actively exploring new business growth areas, including the integration of AI and AR technologies in industrial applications [3][4] Group 3: Research and Development - R&D investment exceeded 20 million yuan in the first half of 2025, marking a year-on-year increase of 53.2% [4] - Key focus areas for R&D include core technology upgrades for pollution reduction and carbon neutrality, as well as green extraction of precious metals [4] Group 4: Shareholder Communication - The management emphasized that the pledge of shares by major shareholders is aimed at supporting the company's development and does not materially affect its operations or governance [2] - The management reassured investors that short-term stock price fluctuations do not fully reflect the company's fundamentals, and that creating profits is the best return for investors [2]