Core Viewpoint - The company reported a significant decline in revenue and net profit for the first half of the year, primarily due to lower prices of vanadium-titanium products and adjustments in business operations [1] Financial Performance - The company achieved a total revenue of 4.254 billion yuan, a decrease of 2.904 billion yuan or 40.57% compared to the same period last year [1] - Operating costs amounted to 4.044 billion yuan, down by 2.596 billion yuan or 39.09% year-on-year [1] - The net profit attributable to shareholders was -199 million yuan, a decline of 337 million yuan or 245.15% year-on-year [1] Production Metrics - The company produced 26,100 tons of vanadium products (measured in V2O5), an increase of 1.56% year-on-year [1] - Titanium dioxide production reached 136,200 tons, with chlorinated titanium dioxide accounting for 38,200 tons, reflecting a year-on-year growth of 5.91% [1] - Titanium slag production was 94,900 tons, with self-used titanium slag at 45,000 tons, showing a decrease of 3.95% year-on-year [1]