Core Viewpoint - The company reported a slight decrease in revenue for the first half of 2025, while maintaining profitability in terms of pre-tax profit and net profit attributable to shareholders [1] Financial Performance - The group's revenue for the first half of 2025 was approximately RMB 1.081 billion, a decrease of 2.00% compared to the same period last year [1] - The group's pre-tax profit was RMB 73.38 million, an increase of 3.63% year-on-year [1] - The net profit attributable to equity shareholders was approximately RMB 52.36 million, remaining stable compared to the previous year [1] - Basic earnings per share were RMB 0.09, with no dividend declared [1] Segment Performance - Revenue from cement additives and intermediates was RMB 551 million, a decrease of 10.92% year-on-year, primarily due to the continuous decline in raw material prices affecting downstream product prices [1] - Revenue from concrete additives and intermediates was RMB 528 million, an increase of 9.31% year-on-year, driven by active expansion in related business [1] - Sales volume of concrete additives increased by 35% year-on-year, while the sales volume of polycarboxylic acid mother liquor surged by 127% [1] - Other income amounted to RMB 2.72 million, an increase of 20.43% year-on-year, mainly due to growth in quality coupling plate business [1]