Financial Performance - Gree Electric's total revenue for the first half of 2025 was 97.619 billion yuan, a year-on-year decrease of 2.66% [1] - The net profit attributable to shareholders was 14.412 billion yuan, an increase of 1.95% year-on-year [1] - Revenue from industrial products and green energy, as well as smart equipment, grew by 17.13% and 20.90% respectively [2] Innovation and R&D - Gree increased its R&D investment by 7.05% in the first half of 2025, reflecting its commitment to technological innovation [2] - New product launches included advanced air conditioning systems and smart home appliances, showcasing Gree's latest R&D achievements [2] - Gree's self-developed CNC machine tool won a gold medal at the 50th Geneva International Invention Exhibition, highlighting its innovation capabilities [2] International Expansion - Gree's overseas business revenue reached 16.335 billion yuan, a year-on-year increase of 10.19%, marking a historical high [3] - The proportion of Gree's self-branded products in total exports rose from 30% in 2015 to 70% currently, with over 85% of exports going to Belt and Road Initiative countries [3] - The establishment of Gree's Singapore office aligns with its global strategy and enhances its brand presence in the ASEAN market [3] Standardization and Sustainability - Gree led the development of two international standards for refrigeration compressors, marking a significant achievement in the ISO standards landscape [4] - The company has processed over 69.72 million units of discarded electrical and electronic products, contributing to significant reductions in carbon emissions [5] Social Responsibility - Gree hired 5,467 college graduates in the first half of 2025, addressing employment challenges for new graduates [6] - The company has actively participated in rural infrastructure projects, improving living conditions for rural residents [6] - Gree received national honors for its contributions to green development and social responsibility, reinforcing its role as an industry leader [6]