Core Viewpoint - The company reported a decline in revenue and net profit for the first half of 2025, attributed to fluctuating customer demand, while continuing to enhance operational quality and market expansion efforts [1][2]. Financial Performance - The company achieved operating revenue of 1.361 billion yuan, a year-on-year decrease of 9.87% [1]. - Net profit for the period was 280 million yuan, down 9.92% compared to the previous year [1]. - A cash dividend of 2.3045 yuan per 10 shares is proposed, totaling 104 million yuan, which represents 37.01% of the net profit attributable to ordinary shareholders [1]. Operational Highlights - The company strengthened production organization and process control, significantly improving delivery assurance capabilities [1]. - It faced challenges with new product technical indicators and tight schedules but managed to support national aerospace equipment construction [1]. - The company is actively engaging with downstream customer needs and has initiated the development of multiple self-researched products [1]. Strategic Initiatives - The company is expanding its presence in the low-altitude economy sector and has signed contracts for supplying transparent components for low-altitude aircraft [1]. - R&D investment amounted to 89 million yuan, accounting for 6.51% of operating revenue [2]. - The company was approved for two key national technology projects related to new materials, enhancing its R&D capabilities [2]. - It is accelerating the development of large aircraft transparent components and enhancing its development system for these products [2]. - The company acquired intellectual property rights for six types of high-temperature alloy master alloys, aiming for industrialization and strengthening its core competitiveness [2]. - Efforts are being made to localize the deployment of the DeepSeek model to improve automation and efficiency in research and production [2].