Core Insights - In the first half of 2025, the company achieved operating revenue of 2.425 billion yuan, representing a year-on-year growth of 42.17% [2][3] - The net profit attributable to shareholders reached 491.58 million yuan, marking a year-on-year increase of 53.91% [2][3] - The net profit excluding non-recurring gains and losses was 477.55 million yuan, up 47.78% compared to the same period last year [2][3] Financial Performance - The net cash flow from operating activities was 453.10 million yuan, reflecting a significant increase of 67.30% year-on-year [3] - Basic earnings per share were 1.1610 yuan, a rise of 46.17% from the previous year [3] - Total assets at the end of the reporting period amounted to 6.274 billion yuan, an increase of 10.35% from the end of the previous year [3] Business Development - The company benefited from strong demand in the computing power supply chain, actively seizing opportunities for growth in computing power products [2][4] - The company focuses on technological innovation in key areas such as materials, new product development, and digital management [4] - The full subsidiary, Huangshi Guanghe, achieved profitability during the reporting period by enhancing cost control and optimizing product structure [4] Market Expansion - The Thailand Guanghe facility officially commenced production in June 2025 and is currently in the capacity ramp-up phase [4] - The company aims to accelerate the certification and product introduction for key clients in the second half of the year, gradually releasing production capacity [4] - The Thailand Guanghe project is positioned as a crucial base for the company's expansion into overseas markets, laying a solid foundation for long-term performance growth [4]