Group 1: Business Performance - In H1 2025, the company achieved operating revenue of 93.4563 million CNY, maintaining growth despite a competitive market [2] - The subsidiary, Xinzhan Technology, reported operating revenue of 86.6458 million CNY in H1 2025, a year-on-year increase of 12.59% [3] - The company experienced a decline in overall revenue, with total operating revenue of 4,409.9275 million CNY in H1 2025, down 24.91% year-on-year [4] Group 2: Strategic Directions - The company plans to focus on overseas communication business over the next 3-5 years, emphasizing wireless coverage, security, and networks [3] - There is a commitment to enhance global business layout by investing in overseas R&D, sales, and technical support [3] - The company aims to strengthen its market share in the DAS field and participate in potential markets like rural network coverage and 4G/5G private networks [3] Group 3: Shareholder Engagement - In 2023, the company repurchased 5,954,000 shares, accounting for 0.73% of the total share capital [3] - The company has established a value management system to protect investor rights and enhance market image [4] - Efforts are being made to improve operational management and reduce costs to enhance intrinsic company value [4]

Core Viewpoint - The company reported a revenue of 4.41 billion yuan for the first half of 2025, focusing on optimizing operational strategies and expanding market presence despite challenges [1] Group 1: Satellite Communication Business - The satellite communication service revenue reached 93.46 million yuan, contributing significantly to the company's overall growth [2] - The subsidiary, Haiwei Tong, is expanding its commercial satellite network capabilities to meet increasing customer demands [2] - The recent issuance of satellite internet licenses by the Ministry of Industry and Information Technology is expected to boost domestic low-orbit satellite deployment and market demand [2] Group 2: Tower and Operations Revenue - The tower and operations revenue grew by 12.59%, with the subsidiary, Xinzhan Technology, achieving a revenue of 86.65 million yuan [3] - The company has over 10,000 communication tower sites, enhancing asset management and operational efficiency through a new information management system [3] - International expansion efforts have been initiated, with market research completed in Malaysia and Indonesia [3] Group 3: Edge Computing and AI Integration - The company is positioning itself as a key player in edge computing infrastructure, which is becoming increasingly important for AI applications [4] - The communication rooms are expected to serve as critical nodes in the national computing network, offering shared edge infrastructure and intelligent computing services [4] Group 4: Overseas Business Growth - The overseas communication business generated 238.13 million yuan, maintaining steady growth [5] - The company is enhancing its competitive edge by focusing on market and product management capabilities, particularly in Europe and North America [5] - New product testing and market promotion efforts are underway, with high-power wireless coverage products gaining customer interest [5] Group 5: Future Outlook - The company plans to focus on core strategic customer needs and accelerate the conversion of commercial opportunities into orders for sustained overseas growth [6]