Financial Performance - The company's revenue for the first half of 2025 was 514,254,043.46 yuan, a decrease of 6.14% compared to the same period last year [2][3] - The net profit attributable to shareholders was 83,220,161.09 yuan, down 6.46% year-on-year [2][3] - The net profit after deducting non-recurring gains and losses was 72,188,866.12 yuan, reflecting an 11.55% decline from the previous year [2][3] - The net cash flow from operating activities was 52,629,271.86 yuan, a significant drop of 50.70% compared to the same period last year [3] - Basic and diluted earnings per share were both 0.38 yuan, down 7.32% from 0.41 yuan in the previous year [3] - The weighted average return on equity decreased to 6.97% from 8.31% year-on-year [3] Asset and Equity Position - As of the end of the reporting period, total assets amounted to 1,583,938,390.06 yuan, an increase of 5.66% year-on-year [2][3] - The net assets attributable to shareholders were 1,197,612,762.01 yuan, reflecting a growth of 1.02% compared to the end of the previous year [2][3] Research and Development - The company focused on its core business, investing 97,380,100 yuan in R&D, which is a 2.26% increase year-on-year [2] - As of June 30, 2025, the company had 470 R&D personnel, accounting for 32.87% of the total workforce [2] Product Development and Market Strategy - The company continued to invest in the development of new products such as access control intercoms and thermal imaging, leveraging its strengths in video processing and AI algorithms to enhance product competitiveness [4] - The company's products now incorporate multiple intelligent features, including human detection and facial recognition, significantly improving product specifications and competitiveness [4] - The company is strategically expanding its overseas market presence while maintaining investment in domestic channels and SMB project market development [4]