Core Viewpoint - The company, Huadian Technology (601226), has shown significant growth in its contracts and revenue, with a focus on expanding its international business and enhancing its hydrogen energy sector. Group 1: Contract and Revenue Growth - As of June 30, 2025, the company has a total contract amount of 19.984 billion yuan, with a year-on-year growth of 70.73% in the uncompleted portion of ongoing projects [2] - The annual operational target includes signing new sales contracts worth 15 billion yuan, with a revenue growth rate of 15.10% and a total profit of 258.5 million yuan [2] - In the first half of 2025, the company signed new and pending contracts totaling 10.395 billion yuan, which is on track to meet the annual target [2] Group 2: International Business Expansion - The company aims to leverage the "Belt and Road" initiative and opportunities from Huadian Group to enhance its international business, focusing on key countries and projects [3] - The overseas revenue reached 133 million yuan, more than doubling, primarily due to contracts signed in South America and Southeast Asia [2] Group 3: Hydrogen Energy Sector - The company has a production capacity for various hydrogen energy products, including 100 sets of alkaline electrolysis equipment and 50 sets of PEM electrolysis equipment annually [4] - In the first half of 2025, the company signed a 250,000 kW wind power hydrogen production and storage project [4] Group 4: Financial Performance - For the first half of 2025, the company reported a main revenue of 3.858 billion yuan, a year-on-year increase of 31.59%, and a net profit of 54.09 million yuan, up 47.07% [7] - The second quarter of 2025 saw a main revenue of 2.361 billion yuan, a 42.49% increase year-on-year, with a net profit of 136 million yuan, a 1.92% increase [7] Group 5: Future Business Directions - The company plans to continue focusing on opportunities in the thermal power market while developing new businesses such as molten salt storage and gravity storage [5] - The material business serves various downstream industries, including power, ports, metallurgy, and mining, with a focus on intelligent product applications [6]