Core Viewpoint - The company focuses on two main business segments: pharmaceutical equipment and energy-saving environmental protection equipment, aiming for synergistic development [1][2]. Business Structure - The pharmaceutical equipment segment is primarily managed by the company, with key products including vial cleaning machines and filtration washing and drying machines, serving major domestic API producers and expanding into overseas markets like India and the Middle East [1]. - The wholly-owned subsidiary, Leheng Energy, specializes in environmental protection equipment, with core products such as steam compressors and MVR systems, catering to sectors like new energy and fine chemicals, and has established overseas markets through collaboration with Albemarle [1]. Research and Innovation - The company invested 15.94 million yuan in R&D in the first half of the year, a decrease of 28.03% year-on-year, but focused resources on high-end pharmaceutical equipment and MVR system optimization [1]. - Both the company and Leheng Energy are recognized as high-tech enterprises, with multiple invention patents and over a hundred utility model patents, showcasing strong technical capabilities [1]. Market Outlook - For the second half of the year, the company plans to accelerate the expansion of its pharmaceutical equipment in overseas markets and deepen the application of MVR systems in the new energy sector [2]. - Market analysis suggests that the company is well-positioned to strengthen its industry position and achieve steady growth due to the release of equipment upgrade demands in the pharmaceutical industry and the increasing need for energy-saving environmental protection equipment under carbon reduction goals [2]. Financial Performance - In the first half of the year, the company reported revenue of 345 million yuan, a year-on-year increase of 15.08%, and a net profit attributable to shareholders of 41.29 million yuan [3]. - The net cash flow from operating activities saw a significant increase of 106.93% year-on-year, indicating strong operational resilience [3].