Core Viewpoint - Shengnan Technology (837006) reported strong financial performance in the first half of the year, with significant growth in revenue and profit, driven by a stable customer base in the defense and military sector [1]. Financial Performance - The company achieved total operating revenue of 65.6131 million yuan, representing a year-on-year increase of 28.01% [1]. - Total profit reached 11.2238 million yuan, up 27.48% year-on-year [1]. - The net profit attributable to shareholders was 10.4994 million yuan, reflecting a growth of 28.06% compared to the previous year [1]. - The company's non-recurring net profit growth rate was 70%, significantly outpacing revenue growth [1]. - Overall gross margin improved to 52.57%, indicating a positive trend in product structure optimization and an increase in high-value-added business [1]. Research and Development - Research and development expenses amounted to 8.3489 million yuan, accounting for 12.72% of operating revenue, with a substantial year-on-year increase of 248.44% [1]. - The company focuses on developing integrated aviation electromechanical equipment and power distribution system solutions, targeting key technologies such as high-reliability, high-temperature-resistant air duct compensators and aircraft intake duct transition devices [1]. - Multiple aviation equipment motor projects have progressed to the engineering development stage, showcasing the company's strong technical adaptability and future growth potential [1]. Competitive Strategy - The company aims to leverage its R&D advantages to continuously break through key technologies, establishing a differentiated competitive edge [2]. - The goal is to become a leading supplier of integrated aviation electromechanical equipment and power distribution system solutions with core competitiveness [2].