Financial Performance - In the first half of 2025, the company achieved a revenue of 926 million yuan, a decrease of 17.23% year-on-year [2] - The net profit attributable to shareholders was 8.5864 million yuan, an increase of 136.26% year-on-year, indicating a turnaround from losses [2] Product Pricing and Cost Management - The gross margin for construction emulsions and waterproof emulsions increased by approximately 2%-3% year-on-year, reflecting good efficiency in the product pricing mechanism [3] - The company plans to continue enhancing cost control and market responsiveness to improve overall profitability [3] Environmental Compliance and Market Opportunities - The upcoming national standards for harmful substances in coatings are expected to drive industry upgrades, presenting more opportunities than challenges for the company [3] - The company has completed product certifications in line with new standards, allowing downstream customers to produce compliant products without adjusting their formulations, thus saving on R&D costs [4] Production Capacity and Operations - The Hubei production base is nearing completion, with equipment installation and debugging currently underway [4] - There are no reported issues with the pipeline construction for raw material supply to the Anhui factory, indicating smooth operational progress [4]