Core Viewpoint - The company, Kode CNC (688305), reported a revenue increase of 15.24% year-on-year for the first half of 2025, indicating strong growth in its operations and a focus on high-end CNC machine tools and systems [1][2] Financial Performance - The company achieved an operating revenue of 295 million yuan, with a net profit attributable to shareholders of 49.06 million yuan, reflecting a 1.27% increase year-on-year [1] - The net profit after deducting non-recurring gains and losses was 36.06 million yuan, down 7.43% year-on-year, while the net profit attributable to shareholders after excluding share payment impacts was 55.15 million yuan, up 13.85% [1] - Total assets reached 2.284 billion yuan, a 1.23% increase from the previous year, and net assets were 1.859 billion yuan, up 1.71% [1] - Operating cash flow turned positive at 165 million yuan [1] Business Segmentation - In the first half of 2025, the production line business accounted for approximately 54% of total revenue, while five-axis CNC machine tools contributed about 40% [2] - New orders for flow-type products, particularly the five-axis vertical machining center, made up over 50% of new orders, with five-axis horizontal machining centers and five-axis horizontal turning-milling composite centers accounting for about 30% [2] Product Development and Market Position - The company launched the five-axis turning-milling composite center KMU180T, which is now being used in the energy sector for processing blower impellers [2] - A collaboration was established with Shenyang Aircraft Industry Group and AVIC Shenyang Aircraft Company to create a "large aircraft structural component process verification pilot base," focusing on precision machining for domestic large aircraft [3] - The company has developed several high-end five-axis CNC machines capable of processing magnesium alloy materials, which are critical for lightweight applications in various industries [3]