Core Insights - HNA Technology reported a revenue of 675 million yuan for the first half of 2025, marking a year-on-year increase of 30.1%, with a net profit attributable to shareholders of 71.5 million yuan [1] - The company is engaged in international dry bulk shipping and related commodity trading, leveraging over 30 years of operational experience in the shipping industry [1] - HNA Technology aims to create a complete logistics service loop by integrating upstream resource holding, midstream capacity provision, and downstream customer engagement [1] Business Operations - The company owns 9 dry bulk vessels with a total capacity of approximately 750,000 deadweight tons, including 6 Supramax, 2 Capesize, and 1 Panamax vessels [1] - During the reporting period, HNA Technology increased its fleet capacity by leasing 4 additional Supramax vessels, bringing total controllable capacity to around 1 million deadweight tons [1] Trade Expansion - In response to national policies, HNA Technology established Hainan Xuanqi International Trade Co., Ltd. in 2023 to participate in the Hainan Free Trade Port's international trade services [2] - The company focuses on trading non-ferrous metals and agricultural products, and has signed a cooperation framework agreement with CWT International Limited to enhance profitability in copper trading [2] - HNA Technology has expanded its shipping routes to cover regions including South America, North America, Australia, Southeast Asia, the Middle East, and West and East Africa, transporting various commodities [2] - The company plans to acquire an 180,000-ton Capesize bulk carrier post-reporting period, with delivery expected in September 2025 [2]