Core Viewpoint - The company is actively implementing its "Quality Improvement and Efficiency Enhancement" action plan for 2025, focusing on enhancing core competitiveness and delivering returns to shareholders through innovation and operational efficiency [1][10]. Group 1: Business Performance - The company's main business is in the IT operations management monitoring sector, specifically in application performance management and observability [1]. - As of July 31, 2025, the company's orders on hand amounted to approximately 77.57 million yuan, an increase of 11.02% year-on-year, with Bonree ONE orders accounting for 65.45% of this total, reflecting a growth of 73.60% [2]. - The company's net profit attributable to the parent company for the first half of 2025 was approximately -26.19 million yuan, a year-on-year loss reduction of 46.75% [2]. Group 2: Research and Development - The company is focusing on continuous R&D investment and innovation, optimizing the structure of R&D inputs to concentrate resources on core technology breakthroughs and high-priority projects [3]. - In the first half of 2025, the company achieved breakthroughs in automated root cause analysis and innovative upgrades to its supporting technology architecture [4]. - The company is enhancing its capabilities in application markets and application factories, significantly improving data governance and platform support capabilities [5]. Group 3: Technology and Innovation - The company has developed a full-stack monitoring capability for blockchain applications, establishing a unified observation framework for end-to-end tracking of distributed ledgers and smart contracts [6]. - The platform can track key latency metrics and resource utilization in real-time, ensuring service response performance and resource efficiency [7]. Group 4: Governance and Management - The company has revised its governance structure in accordance with the latest regulatory requirements, transitioning to a governance model led by the audit committee [8]. - The company is enhancing internal control and risk management capabilities to promote high-quality development [8]. Group 5: Investor Relations - The company emphasizes transparency in information disclosure and has increased investor engagement, receiving 31 institutional investors in the first half of 2025, a 55% increase year-on-year [10].