Company Overview - The company primarily engages in the production and sales of dye intermediates, pigment intermediates, pesticide intermediates, and battery materials, as well as environmental technology consulting services, divided into five main segments [8]. Financial Performance - In the first half of 2025, the company's average return on equity was 0.53%, a decrease of 0.3 percentage points compared to the same period last year [18]. - The net cash flow from operating activities for the first half of 2025 was 69.862 million, while cash flow from financing activities was -18.007 million, and cash flow from investing activities was -18.818 million [22]. - The company's revenue and net profit showed fluctuations over the years, with significant changes in growth rates [10][11]. Revenue Composition - In the first half of 2025, the revenue composition included 2.343 billion from battery materials, 4.16 billion from dye and agricultural chemical intermediates, and 2.827 billion from pigment intermediates and new materials [12]. Asset and Liability Changes - As of the first half of 2025, accounts receivable and notes receivable decreased by 35.78%, while inventory increased by 21.81% [33]. - The company's other payables (including interest and dividends) decreased by 56.06%, while short-term borrowings increased by 26.95% [36]. - The current ratio was 1.46, and the quick ratio was 1.09 as of the first half of 2025 [40]. Asset Turnover Ratios - The company's total asset turnover ratio and fixed asset turnover ratio have been tracked over the years, showing trends in efficiency compared to industry averages [28][29].