Financial Performance - The company achieved a revenue of 111 million yuan in the first half of 2025, representing a year-on-year growth of 3.23% [2] - The net profit attributable to shareholders was 40.79 million yuan, with a year-on-year increase of 3.73%, indicating stable growth [2] - Revenue from electric vehicle charging and swapping system testing decreased to 8.12 million yuan due to significant changes in industry policies [2][3] Business Development - Zhuhai Kaipu, a wholly-owned subsidiary, focuses on expanding testing services in the smart distribution network sector and exploring new markets [4] - The subsidiary has developed testing capabilities for electronic and electrical equipment, contributing to new business areas [4][5] - The brand influence of Zhuhai Kaipu is still in the accumulation phase, with ongoing efforts to enhance market presence and revenue [5] Regulatory Impact - The company has been designated as a CCC certification laboratory for electric vehicle power supply equipment, which introduces competitive pressure from other laboratories [6] - The new regulations state that from March 2025, only certified equipment can be sold or used, which may positively impact the company's business in mandatory testing services [6] Future Strategy - The core business is centered around testing services for new power system equipment, aligned with the national energy bureau's development blueprint [7] - The company aims to maintain industry leadership by participating in the drafting of new standards and developing innovative testing technologies [7] - There are currently no plans for stock incentive programs, but any future significant matters will be disclosed in accordance with regulations [7]