Core Viewpoint - The report indicates a decline in revenue and net profit for Chuan Yi Co., with a focus on maintaining core business operations and enhancing technological innovation to navigate industry challenges [2][4]. Financial Performance - For the first half of 2025, Chuan Yi Co. reported revenue of 3.281 billion yuan, a decrease of 12.37% year-on-year, and a net profit of 325.6 million yuan, down 10.46% year-on-year. The net profit after deducting non-recurring items was 268.3 million yuan, reflecting a 14.66% decline [2][3]. - The company's R&D expenses amounted to 230.9 million yuan, representing 7.04% of total revenue [2]. Business Segments - The main business segments include: - Industrial automation control systems and engineering, accounting for 86.82% of revenue. - Electronic information functional materials and devices, contributing 12.43% to revenue [2]. - Revenue from industrial automation instruments and devices was 2.849 billion yuan, with a gross margin of 34.62%, showing a slight increase of 1.71 percentage points year-on-year [9]. Market Strategy - The company is focusing on enhancing marketing strategies by improving professional marketing and service teams, and expanding cooperation with major clients and projects. New orders decreased by 9% year-on-year, but specific markets like nuclear power and water resources saw significant growth in new orders [6][7]. - Chuan Yi Co. is actively exploring new industries and markets, including smart execution products in irrigation and drinking water projects, and has secured orders in the nuclear power sector [7]. Innovation and Development - The company is accelerating innovation by increasing R&D investments and upgrading core products. It aims to align with international standards and enhance product reliability and applicability in special conditions [4]. - Chuan Yi Co. has made progress in digital transformation and lean management, establishing multiple smart production lines and digital workshops to improve operational efficiency [8].

公司聚焦核心技术攻关，在多个领域打破垄断，实现国产化替代。H400程控阀在抚顺新钢铁成功应 用，填补国内冶金行业技术空白；与中广核联合研发的首台国产化"华龙一号"汽轮机旁路调节阀顺利交 付并投入使用。截至目前，公司"华龙一号"和"国和一号"汽轮机旁路调节阀均已在核电项目实现国产替 代；公司成为国内唯一供货三大核电公司旁路调节阀的供应商。 此外，借助央企"总对总"合作优势，公司持续扩大"朋友圈"，与北方华锦、大唐郓城煤电等大型央国企 深化合作，夯实业绩基本盘。同时，积极布局新行业新领域，智能执行机构产品进入四川、云南水利项 目，核电市场订单稳定增长，造纸行业智能流量仪表国产化取得突破，中铝集团智能工厂项目斩获首个 千万级订单。通过精准的专项营销策略，公司挖掘客户潜力，推动业务向高附加值领域延伸。 报告期，公司研发投入高达2.3亿元，占营业收入超7%，持续加码技术创新。截至报告期末，公司在研 国家及省部级项目达20项，新获授权专利74件，其中发明专利16件；累计有效专利1158件，其中发明专 利384件；软件著作权397件，参与国家及行业标准制定11项。(郑渝川) 8月21日晚间，川仪股份（603100）发布20 ...