Group 1: Financial Performance - In the first half of 2025, the company achieved operating revenue of 34.391 billion yuan and a net profit attributable to shareholders of 118 million yuan, representing a year-on-year increase of 41.07% [1] - The basic earnings per share reached 0.3717 yuan, up 42.47% year-on-year, indicating strong profitability despite a challenging macroeconomic environment [1] - As of June 30, 2025, total assets amounted to 22.901 billion yuan, and net assets attributable to shareholders were 2.107 billion yuan, reflecting growth of 5.06% and 6.03% respectively compared to the end of the previous year [1] Group 2: Data Services - The company provides multi-dimensional data services across eight major industries, including black and non-ferrous metals, energy, and new materials, focusing on price as a core element [2] - The company has made significant advancements in data quality control and has implemented a standardized management system to ensure data objectivity and authority [2] - The introduction of AI technology, particularly the "Xiao Gang Digital Intelligent Assistant," has improved decision-making efficiency for clients [2] Group 3: International Cooperation and Market Expansion - The data services segment generated revenue of 366 million yuan, with overseas service revenue increasing by 9.7% year-on-year, indicating successful global expansion [3] - A memorandum of understanding was signed with Argus to jointly publish a mixed index for iron ore, enhancing the influence of "Chinese prices" in the market [3] Group 4: Steel Trading Services - The steel trading platform, Steel Silver E-commerce, reported a net profit of 152 million yuan, a year-on-year increase of 47.13%, demonstrating strong operational health [4] - The platform's transaction volume reached 25.5214 million tons, showcasing effective resource integration and service enhancement [4] - The platform received multiple industry accolades, reinforcing its leading position in the market [4] Group 5: Strategic Outlook - The company is focused on deepening its digitalization and standardization efforts in the bulk commodity industry, positioning itself as a key player in the supply chain [5] - Analysts suggest that despite short-term revenue fluctuations, the company's long-term value in data services and international pricing remains strong [5] - The company is expected to benefit from ongoing trends in data marketization and digital transformation in manufacturing [6]