Financial Performance - In the first half of 2025, the company achieved operating revenue of 972 million yuan, a year-on-year increase of 4.10% [1] - The net profit attributable to shareholders was 115 million yuan, reflecting a significant year-on-year growth of 79.15% [1] - The net cash flow from operating activities reached 55.88 million yuan, marking a substantial increase of 644.05% year-on-year [1] Business Strategy and Market Expansion - The company maintained steady growth in market and sales operations while achieving high profit growth, benefiting from investment income from the sale of equity in a subsidiary in Q1 2025 and effective cost reduction measures [1] - The company aims to expand its market presence in digital printing materials, automotive protective films, and electronic functional films despite challenges such as insufficient domestic demand and escalating international geopolitical conflicts [1] - To address production capacity bottlenecks, the company gradually released capacity at its smart factory in Fengcheng, Jiangxi, and its overseas production base in Thailand, providing a solid foundation for market expansion and business growth [1] Research and Development - In the first half of 2025, the company invested 58.20 million yuan in R&D, a year-on-year increase of 34.31%, primarily due to increased investment in new product development [2] - The company applied for 27 new patents during the first half of the year, including 18 invention patents and 9 utility model patents, with a total of 18 effective invention patents and 75 effective utility model patents as of June 2025 [2] - The company is actively expanding into new sectors, including core materials for hydrogen energy and related projects [2]