Core Viewpoint - The company reported a significant increase in revenue and net profit for the first half of 2025, driven by growth in the transmission shaft industry and improved sales across various customer segments [2][4]. Financial Performance - Revenue for the first half of 2025 reached 81,663,516.82 yuan, a year-on-year increase of 37.94% from 59,200,169.55 yuan in the same period last year [2][3]. - Net profit attributable to shareholders was 14,238,539.03 yuan, reflecting a 62.03% increase compared to 8,787,767.84 yuan in the previous year [2][3]. - The net profit after deducting non-recurring gains and losses was 12,584,207.29 yuan, up 70.32% from 7,388,414.95 yuan year-on-year [2][3]. - Basic earnings per share increased to 0.14 yuan, a 50% rise from 0.08 yuan in the same period last year [3]. Asset and Equity Position - As of the end of the first half of 2025, total assets amounted to 400,712,060.17 yuan, a 1.3% increase year-on-year [2]. - Net assets attributable to shareholders decreased by 0.85% to 315,571,238.65 yuan [2]. Revenue Breakdown - Sales revenue from main products, including light, medium, and heavy-duty transmission shafts, reached 74,845,100 yuan, a 39.97% increase from 53,472,000 yuan in the same period last year [4]. - Other business revenue grew to 6,593,100 yuan, up 57.17% from 4,194,900 yuan year-on-year [4]. - Trade revenue decreased significantly by 85.31% to 225,300 yuan, primarily due to the completion of a major contract in 2024 and the lack of new contracts amid geopolitical tensions [4]. Profitability Analysis - The gross margin for main products increased to 29.86% in the first half of 2025, up from 26.65% in the same period last year, reflecting a 3.21 percentage point improvement [5]. - The gross margin for other income decreased to 45.06% from 60.47% year-on-year, attributed to lower margins on semi-finished parts sales [5]. - Overall gross margin for total operating income improved to 31.02%, an increase of 2.77 percentage points from 28.25% in the previous year [6].