Core Viewpoint - In the first half of 2025, Tongniu Information Technology Co., Ltd. reported a revenue of 105 million yuan, a year-on-year decrease of 10.8%, and a net profit attributable to shareholders of -35.8165 million yuan [2] Group 1: Company Performance - The company achieved an operating income of 105 million yuan in the first half of 2025, reflecting a decline of 10.8% compared to the previous year [2] - The net profit attributable to shareholders was -35.8165 million yuan, indicating a loss for the period [2] Group 2: Business Model and Strategy - Tongniu Information has developed comprehensive capabilities to provide clients with IDC services, IaaS, SaaS cloud computing services, network information security services, private cloud and dedicated cloud construction, and enterprise application solutions [2] - The company is strategically positioned to capitalize on the digital economy and national new infrastructure development by establishing quality data center resources in key economic areas with high digital economic activity [2] - The company is enhancing its "dedicated cloud" business model to meet the actual needs of enterprise digital transformation, replacing traditional "private cloud" construction methods [2] Group 3: Competitive Advantages - The dedicated cloud model aims to reduce client investment risks and overall ownership costs, significantly shorten system construction cycles, and meet clients' on-demand procurement needs [2] - The company provides rapid elastic expansion and real-time security monitoring and protection services, establishing a competitive advantage in the market [2]