Core Viewpoint - The company reported a narrowing of losses in key profit indicators for the first half of 2025, alongside significant improvements in cash flow from operating activities, indicating a positive trend in its operational performance [1][2]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 50.41 million yuan, with a net loss of 11.84 million yuan, representing a reduction in loss margin by 32.65% [1]. - The non-recurring net profit was -11.82 million yuan, with a loss margin reduction of 36.24% [1]. - The oil and gas extraction sector remained the main revenue driver, generating 25.20 million yuan, accounting for 49.99% of total revenue, with a year-on-year growth of 8.95% [1]. Business Segments - The company has established three core business segments: oilfield technology services, new energy power engineering services, and new materials research, production, and sales [1]. - The new energy power engineering business generated 17.49 million yuan, representing 34.69% of total revenue, with potential for significant growth due to industry policy support and accelerated project implementation [1]. Strategic Initiatives - The company plans to enhance business expansion by strengthening collaborations with major players like PetroChina and Sinopec in oilfield environmental governance to secure long-term contracts [2]. - In the new energy power engineering sector, the company aims to leverage differentiated competitive advantages through customized solutions and brand development [2]. - The new materials segment will focus on building a supply chain risk warning system and optimizing research and development processes [2]. Future Outlook - The company intends to maintain focus on its core businesses, particularly pushing forward new energy power engineering projects to create new revenue and profit growth points [2]. - There is an emphasis on accelerating the recovery of the new materials business while exploring emerging markets and focusing on new productivity avenues to discover a second growth curve [2]. - Market analysts suggest that despite short-term performance pressures, the collaborative efforts across business segments and strategic initiatives are expected to gradually unlock long-term growth potential [2].

Group 1: Business Performance and Growth - In 2024, the company achieved a net profit of 14.4252 million yuan, a year-on-year increase of 141.28% [4] - The revenue growth of 53.33% in 2024 was primarily driven by the expansion of the new energy power engineering and traditional energy service businesses [3] - The new materials business has an annual production capacity exceeding 30,000 tons, although the actual utilization rate in 2024 was affected by relocation and local electricity supply issues [3] Group 2: Strategic Measures and Future Plans - In response to potential policy impacts on the new energy power engineering business, the company plans to focus on continuous technological innovation, project development optimization, and cost control in 2025 [2] - The company aims to maintain its dual development model of traditional and new energy, enhancing operational management and innovation capabilities to promote sustainable development [4][6] - The company is actively exploring new business opportunities and profit growth points while adhering to its existing operational direction [6][8] Group 3: Industry Outlook and Competitive Advantages - The traditional energy business is expected to see sustained growth due to national policies emphasizing energy security and technological innovation [4][8] - The renewable energy sector, particularly solar power, is experiencing rapid growth, supported by government policies, positioning the company favorably in the market [4][8] - The company has established a comprehensive sales network and channels in the new materials sector, which is a key emerging industry supported by national development policies [4][8] Group 4: Challenges and Risk Management - The company faces challenges from market competition, customer acquisition, and talent recruitment, which may impact business development [4] - Measures have been implemented to strengthen internal controls and prevent issues related to undisclosed related-party transactions, following administrative penalties received [9][10] - The overall industry performance has been affected by a complex economic environment, but the company is taking steps to improve operational efficiency and competitiveness [6][9]