Core Viewpoint - The company reported a decline in revenue and a net loss for the first half of 2025, primarily due to changes in business scope and ongoing project investments impacting income recognition [2][3]. Financial Performance - Revenue for the first half of 2025 was CNY 5,667,075,612.52, a decrease of 10.09% compared to CNY 6,303,196,235.21 in the same period last year [3]. - The net profit attributable to shareholders was a loss of CNY 256,093,623.75, a significant decline from a profit of CNY 28,173,327.40 in the previous year, marking a change of -1,008.99% [3]. - The net profit after excluding non-recurring items was a loss of CNY 250,595,422.24, an improvement from a loss of CNY 518,899,452.44 in the same period last year [3]. - Total assets as of the end of the reporting period were CNY 51,159,659,572.31, a decrease of 0.6% year-on-year [3]. - The net assets attributable to shareholders increased by 1.01% to CNY 16,965,508,064.35 compared to CNY 16,795,744,564.06 at the end of the previous year [3]. Research and Development Achievements - The company achieved significant results in technological and industrial innovation, winning one China Patent Gold Award and two provincial and group-level technology awards [3]. - The company established two new international standards and received 170 new authorized invention patents, including 39 overseas patents [3]. - A new provincial-level research and development platform was added during the reporting period [3]. Product Development - The company developed a series of new products and technologies, including security inspection products that integrate multi-energy imaging technology and innovative system designs [4]. - Progress was made in the development of a large model for security inspection, enabling the generation of text descriptions from instance-level images [4]. - The static CT technology received recognition as a major technological equipment for the first batch in Beijing for 2025 [4]. - A series of innovative products and solutions for lithium battery detection were launched [4]. - The Kunlun Lingjing Agent intelligent system was completed, innovating the integration of large and small models, enhancing capabilities in model access decoupling, rapid agent orchestration, and knowledge construction [4].