Core Insights - The company reported a revenue of 2.065 billion yuan for the first half of 2025, representing a year-on-year growth of 12.60% [1] - The net profit attributable to shareholders reached 461 million yuan, with a year-on-year increase of 9.32%, indicating sustained growth in performance and profitability [1] Financial Performance - The company achieved a total waste incineration of 5.3583 million tons and generated 2.576 billion kWh of electricity from waste incineration during the reporting period [1] - The company provided a total of 88,300 tons of steam to surrounding industrial enterprises, maintaining growth in its heating business [1][2] - A cash dividend of 540 million yuan was distributed, with a payout ratio of 65.81%, reflecting the company's commitment to providing reasonable returns to investors [2] Operational Highlights - The company increased its capacity for waste incineration by 2,600 tons per day and biomass treatment by 300 tons per day through the acquisition of a controlling stake in Xinzhou Jiejin Company [1] - The company has made significant investments in technology development, including smart power plants and new mobile energy heating equipment, which have improved operational efficiency [2] - The company is expanding its heating network to cover surrounding industrial areas, indicating potential for future growth in the heating business [1]