Core Viewpoint - The company, Xiangfenghua, reported that there is no significant change in inventory compared to the end of the previous year, as stated in their half-year report for 2025 [1] Inventory Management - The company's inventory consists of work-in-progress, finished goods, raw materials, and entrusted processing materials [1] - The company plans to dynamically manage the scale and structure of its inventory based on downstream customer demand and production arrangements to ensure that inventory remains within a reasonable range [1]