Group 1: Company Overview and Performance - Guangdong Jinma Amusement Co., Ltd. is a comprehensive cultural tourism enterprise engaged in the research, development, manufacturing, sales, installation, and operation of large amusement facilities and virtual immersive projects [2] - In the first half of 2025, the company experienced steady growth, with a focus on a dual-driven strategy of "manufacturing + cultural tourism" to strengthen core business and promote long-term high-quality development [2] - The amusement equipment manufacturing business has seen a continuous increase in new orders, with a steady rise in market share for imported substitutes [2][3] Group 2: Financial Performance - The amusement investment and operation business revenue increased by 112.94% year-on-year in the first half of 2025 [3] - The overall gross profit margin of products has improved, indicating a positive recovery trend in business [2][3] - The company aims to maintain a robust order backlog and enhance product delivery capabilities with the completion of new production bases [6] Group 3: Market Opportunities and Strategies - The company is leveraging policy incentives for equipment upgrades, which are expected to accelerate the replacement of imported products with domestic alternatives [5] - The focus on AI and robotics in the amusement and cultural tourism sectors is part of the company's strategy to explore new industry layouts and develop intelligent products [3][7] - The company is actively participating in international exhibitions to expand its global market presence, despite potential challenges from geopolitical and economic factors [7] Group 4: Future Outlook - The company plans to continue its strategic focus on technological innovation, global expansion, quality improvement, and management efficiency to enhance market adaptability and development quality [4] - With the ongoing recovery in the cultural tourism market and increased consumer confidence, the company is well-positioned to capitalize on emerging opportunities [4][6]