Core Viewpoint - The company reported a revenue of 3.912 billion yuan for the first half of 2025, marking a year-on-year increase of 13.7%, but incurred a net loss attributable to shareholders of 226 million yuan compared to a profit of 283 million yuan in the same period last year [1] Group 1: Financial Performance - The company's revenue for the first half of 2025 was 3.912 billion yuan, reflecting a 13.7% year-on-year growth [1] - The net profit attributable to shareholders was a loss of 226 million yuan, contrasting with a profit of 283 million yuan in the previous year [1] - Storage prices began to decline from the third quarter of 2024, reaching a low point in the first quarter of 2025, leading to significant decreases in product sales prices [1] Group 2: Operational Developments - Starting from the second quarter of 2025, storage prices stabilized and began to recover, contributing to an increase in sales revenue and gross margin, indicating gradual improvement in operational performance [1] - The company announced a plan to repurchase shares through centralized bidding, with a budget of 20 million to 40 million yuan, aiming to reduce registered capital, with a maximum repurchase price of 97.9 yuan per share [1] Group 3: Investment Activities - The wholly-owned subsidiary, Hainan Nanbaisuan, plans to invest in Beijing Xingyun Integrated Circuit Co., Ltd. alongside the company's actual controller and chairman's mother, Xu Linxian, and the general manager, He Han [1] - The investment amounts are 10 million yuan from Hainan Nanbaisuan, 2 million yuan from Xu Linxian, and 4.7 million yuan from He Han, resulting in respective ownership stakes of 1.06%, 0.212%, and 0.4982% in Xingyun [1] - Xingyun focuses on general computing software and hardware optimization, aiming to provide edge AI solutions [1]