Group 1: Business Performance - The company signed new international engineering contracts worth $1.126 billion in the first half of 2025, with a contract value in effect of $973 million, representing a year-on-year growth of 36.66% [4] - The total revenue for the first half of 2025 was CNY 4.788 billion, with a total profit of CNY 226 million, showing fluctuations due to project completions and new project initiations [6] - The gross profit margin increased to 18.6%, and net cash flow from operating activities reached CNY 797 million, a significant year-on-year increase of 159.34% [6] Group 2: International Projects - The company secured six overseas medical projects in countries like Guyana and Iraq, with a total contract value exceeding $400 million [4] - Key industrial projects were signed, including the second phase of the alkali plant and the third phase of the Tuz Lake natural gas storage in Turkey [4] - The company received the "Excellent Contractor" award from the Iraqi Ministry of Oil for the successful operation of the Nineveh gas project [4] Group 3: Financial Management - The company has a comprehensive risk management system in place, focusing on cash flow and accounts receivable management, with updated policies to reflect asset status and operational results [5] - A cash dividend of CNY 155 million was distributed to shareholders in the first half of 2025, accounting for 42.8% of the net profit attributable to shareholders [7] Group 4: Strategic Development - The company is focusing on three major areas: environmental engineering, cableway engineering, and clean energy, achieving breakthroughs in all [11] - The company is actively pursuing technology innovation, establishing a management system for technology achievement transformation, and has received multiple approvals for important platforms [12] Group 5: Market Outlook and Challenges - The global economy is expected to maintain moderate recovery in 2025, with challenges such as complex international situations and intense market competition [13] - The company continues to improve its ranking among the top 100 Chinese foreign contracting enterprises, demonstrating resilience in development [13] Group 6: ESG and Sustainability - The company has developed an ESG management system and is enhancing the depth and breadth of information disclosure, receiving high recognition in the market [15] - The company is committed to sustainable development and has implemented a specialized management approach for ESG [15] Group 7: Currency Risk Management - The company has established a repayment account in a foreign sovereign state free trade zone to mitigate exchange rate risks and is actively engaging in forward foreign exchange transactions [16]

Financial Performance - The company achieved a revenue of 4.788 billion CNY and a net profit of 177 million CNY in the first half of the year, reflecting a year-on-year decline due to the timing of project completions and high investment income last year [4] - The gross profit margin increased to 18.6%, and net cash flow from operating activities surged by 159.34% to 797 million CNY [4] - The total new contracts signed amounted to 2.139 billion USD, a year-on-year increase of 33%, with a backlog of contracts reaching 9.545 billion USD [4] Project Development - The company signed new contracts worth 1.126 billion USD in international engineering contracting, with an effective contract amount of 973 million USD, marking a growth of 36.66% [5] - Six overseas medical projects were signed, totaling over 400 million USD, showcasing the company's competitive advantage in design consulting and engineering contracting [5] - The company has made significant progress in environmental, cableway, and clean energy projects, with two waste-to-energy projects in Uzbekistan approved, promising stable returns with an internal rate of return of no less than 8% [6] Strategic Initiatives - The company plans to enhance customer engagement and sustainable growth by breaking through traditional overseas engineering contracting models and focusing on strategic emerging industries [7] - The "14th Five-Year Plan" aims to establish a stable revenue-generating asset base in environmental engineering, cableway engineering, and clean energy [7] Regional Development - The company has actively participated in the development of Tibet, engaging in over 40 projects in various sectors, including healthcare and cultural facilities [8] Technological Innovation - The company is committed to integrating technological and industrial innovation, establishing several important platforms for research and development [9] - Significant breakthroughs in key research projects have been achieved, with multiple technological achievements in the cableway sector passing expert evaluations [10]