Financial Performance - In the first half of 2025, the company achieved revenue of CNY 166,420.25 million, a year-on-year increase of 4.85% [3] - The second quarter revenue reached CNY 94,894.87 million, showing a year-on-year growth of 20.74% and a quarter-on-quarter increase of 32.67% [3] - The net profit attributable to shareholders for the first half of 2025 was CNY 7,309.07 million, a decrease of 23.78% year-on-year, while the second quarter net profit was CNY 5,615.55 million, reflecting a year-on-year increase of 73.79% and a quarter-on-quarter growth of 231.59% [3] Product Shipment and Market Expansion - Total shipment of continuous, pulsed, and semiconductor products reached 83,750 units, a 3% increase compared to the first half of 2024 [4] - Continuous fiber laser product shipments were 48,908 units, up 30.23% year-on-year [4] - CE product shipments totaled 14,081 units, a 53% increase year-on-year, accounting for 23.3% of total revenue in the first half of 2025 [4] Market Outlook and Strategy - The company anticipates a continued recovery in demand for the second half of 2025, despite the traditional off-season in July and August [5] - The company is focusing on enhancing its overseas market operations to solidify and expand its international market share [6] - In the domestic market, efforts are being made to penetrate consumer business and deepen product layout in core application areas [6] Competitive Strategy - The company is committed to maintaining a healthy pricing system and avoiding low-level competition, focusing on "value enhancement" through technological breakthroughs and product upgrades [6] - High-end product shipments have shown significant growth, helping to solidify the company's leading position in the industry [6] Cost Control and Efficiency - The company has established a regular annual cost reduction planning mechanism, focusing on design optimization to enhance production efficiency and reduce overall costs [8] - Cost optimization efforts have positively impacted profitability, with a steady increase in gross margin observed [8] Medical and Precision Processing Business - In the laser medical field, the company is focusing on kidney stone treatment and dental applications, aiming to expand market coverage after quality system certification [9] - The precision processing segment, particularly Shanghai Guoshen, reported revenue exceeding CNY 45,390.8 million, with over 50% growth in both revenue and profit year-on-year [10] Future Development Goals - The company plans to align its core business with national strategic development, optimizing product structure and targeting high-potential market areas [11] - Future business expansion will cover various sectors including laser security, manufacturing, consumer applications, medical, and precision processing [11]