Financial Performance - The company achieved total operating revenue of 494,398.43 million yuan, representing a year-on-year increase of 38.18% [1][2] - Operating profit reached 49,495.88 million yuan, up 21.01% compared to the previous year [1][2] - Total profit amounted to 49,474.43 million yuan, reflecting a growth of 21.12% year-on-year [1][2] - Net profit attributable to shareholders was 45,680.75 million yuan, an increase of 27.68% from the same period last year [1][2] - Basic earnings per share were 1.33 yuan, a rise of 26.67% compared to 1.05 yuan in the previous year [1][2] Business Drivers - Rapid development in computing power business significantly boosted revenue during the reporting period [1] - New product launches and innovative business models in the IoT smart terminal sector contributed to revenue growth [1] - Deepened resource integration in server remanufacturing led to stable growth in this business segment [1] - The storage business benefited from synergies with the computing power service business, maintaining a stable growth trend [1] Financial Position - Total assets at the end of the reporting period were 1,504,357.42 million yuan, a 105.95% increase from the beginning of the period [2] - Shareholders' equity attributable to the company increased by 40.00%, primarily due to capital reserve conversion into share capital [2] - Net asset value per share was 10.55 yuan, reflecting a 12.71% increase from the beginning of the period [2]

Core Viewpoint - The company, Xiechuang Data, reported significant growth in its financial performance for the first half of 2025, driven primarily by the rapid development of its computing power business and new product launches in the IoT smart terminal sector [1] Financial Performance - The company expects to achieve operating revenue of 4.944 billion yuan, representing a year-on-year increase of 38.18% [1] - The net profit attributable to shareholders is projected to be 457 million yuan, reflecting a year-on-year growth of 27.68% [1] - The net profit after deducting non-recurring gains and losses is estimated at 442 million yuan, with a year-on-year increase of 24.96% [1] - Basic earnings per share are anticipated to be 1.33 yuan, with a weighted average return on net assets of 13.18% [1] Business Drivers - The growth in operating performance is attributed to the rapid expansion of the computing power business, with increased efforts in business development and research [1] - The launch of new products in the IoT smart terminal sector and the development of new business models have contributed to revenue growth [1] - The integration and deepening of resources in server remanufacturing have allowed the company to expand its industrial chain resources, leading to steady growth in this segment [1] - The development of computing power services has created synergies that have supported stable growth in the company's storage business [1]

Core Viewpoint - The company reported significant growth in its half-year performance for 2025, driven by advancements in computing power services, new product launches in IoT smart terminals, and enhanced resource integration in server remanufacturing [1] Financial Performance - The company achieved operating revenue of 4.944 billion yuan, representing a year-on-year increase of 38.18% [1] - Total profit reached 495 million yuan, with a year-on-year growth of 21.12% [1] - Net profit attributable to shareholders was 457 million yuan, reflecting a year-on-year increase of 27.68% [1] Factors Influencing Performance - Rapid development of computing power business: The company expanded its business and research layout, significantly boosting revenue through AI servers and computing power services [1] - New product launches and innovative business models in IoT smart terminals: The introduction of new products and business models contributed to revenue growth during the reporting period [1] - Deepened resource integration in server remanufacturing: The company expanded its industrial chain resources in server remanufacturing, leading to steady growth in this segment [1] - Synergistic effects in storage business: The growth in computing power services positively impacted the storage business, which maintained a stable growth trend during the reporting period [1]