Group 1 - The core viewpoint of the article highlights that Yingjie Electric (300820.SZ) reported nearly 300 million yuan in revenue from its photovoltaic business in the first half of the year, with current goods dispatched amounting to approximately 1.4 billion yuan, including 500 million yuan from overseas projects [1] - The delay in project commencement by downstream customers has led to a backlog in acceptance, making the prompt recognition of photovoltaic sales revenue a key focus for the company in 2025 [1] - The new photovoltaic orders in the first half of 2025 were only around 40 million yuan, indicating a significant decline in order intake, which reflects the ongoing impact of the photovoltaic industry on the company [1] Group 2 - The overseas photovoltaic projects have been shipped, and payments have mostly been received; however, due to delays in customer project advancement, it is anticipated that revenue may not be recognized in 2025, with expectations pushed to 2026 [1]