Financial Performance - The company reported a total revenue of 162 million yuan for the first half of 2025, a decrease of 41.01% year-on-year [1] - The net profit attributable to shareholders was 7.60 million yuan, down 90.34% compared to the previous year [1] - The gross margin was 62.9%, a decline of 1.55% year-on-year, while the net margin dropped significantly to 6.93%, down 76.38% [1] - The total of selling, administrative, and financial expenses reached 28.16 million yuan, accounting for 17.37% of total revenue, an increase of 69.04% year-on-year [1] - Earnings per share fell to 0.03 yuan, a decrease of 90.32% from the previous year [1] Business Overview - The company operates in specialized electronic applications through its subsidiaries, focusing on RF microwave technology and low-altitude monitoring and drone defense equipment [4] - The subsidiary, Kuangpu Technology, specializes in RF microwave power amplification and filtering, positioning itself as a leading player in the domestic RF microwave transmission sector [4] - Renjian Microwave, another subsidiary, has expertise in frequency synthesis technology and holds numerous patents, making it a leader in the frequency source field [4] Recent Developments - The company established Kaiji Intelligent in July 2024, aimed at serving the low-altitude economy with high-performance equipment, including radar detection devices that are environmentally friendly and capable of multi-target tracking [5] - The materials business, led by the subsidiary Kangtaiwei, includes products such as thermal spray materials and electromagnetic wave-absorbing materials, with some already in mass production [5]