Core Insights - Tangyuan Electric reported a revenue of 290 million yuan and a net profit of 33.6 million yuan for the first half of 2025, reflecting a strategic shift in its operations [1] Business Performance - The revenue from the vanadium-titanium resource development and utilization business decreased by 64.40% year-on-year [2] - The core business in smart transportation generated a revenue of 242 million yuan, marking a year-on-year growth of 21.97% [2] - Revenue from railway bus integration and smart station projects reached 15.2 million yuan, with a year-on-year increase of 43.66% [2] Technological Advancements - The company achieved significant breakthroughs in the smart rail transit sector, including the development of a new generation drone inspection system with dual-mode data processing capabilities [3] - Major advancements were made in high-altitude tunnel detection technology, successfully passing expert review after high-speed data collection tests [3] - Standardized application of ultrasonic rail flaw detection technology was established, laying a solid technical foundation for smart maintenance robots [4] Market Expansion and Future Outlook - The company is enhancing market promotion and project implementation in the railway bus integration and smart station sectors, with new systems already operational [4] - In the smart emergency and intelligent manufacturing sectors, various products and platforms are accelerating deployment [4] - Looking ahead, the company aims to leverage its core technologies to develop new products and explore new business segments aligned with emerging production capabilities [4] Fundraising and Investment Plans - The company announced a plan to raise up to 864 million yuan through a private placement, with proceeds aimed at developing smart operation robots and AI models for rail transit [5] - The fundraising is expected to enhance the company's capital strength and support product development and industrialization [5]