Core Viewpoint - The company reported a slight decrease in revenue but an increase in net profit for the first half of 2025, indicating stable operational performance despite market challenges [1]. Financial Performance - Revenue for the reporting period was approximately CNY 2.40 billion, a decrease of 2.52% compared to the same period last year [1]. - Net profit attributable to shareholders was approximately CNY 79.54 million, an increase of 1.29% year-on-year [1]. - The net cash flow from operating activities improved significantly, showing a net inflow of approximately CNY -1.03 million, compared to CNY -32.59 million in the previous year, marking a 96.83% improvement [1]. - Total assets at the end of the reporting period were approximately CNY 7.45 billion, down 2.29% from the previous year [1]. - The net assets attributable to shareholders increased by 1.24% to approximately CNY 3.17 billion [1]. Shareholder Information - The total number of shareholders at the end of the reporting period was 67,572, with 60,416 A-share shareholders and 7,156 B-share shareholders [4]. - The largest shareholder, Dalian Bingshan Group Co., Ltd., holds 20.27% of the shares, followed by SANYO Electric Co., Ltd. with 8.72% [3][4]. Business Developments - The company has successfully launched the membrane-type screw chiller into the market and has made significant progress in its zero-carbon factory initiative with the commissioning of a rooftop photovoltaic project [5]. - The company’s subsidiary, Bingshan Engineering, has secured multiple high-profile projects, including contracts with CNOOC and Sinopec [5]. - Innovations in product development include the introduction of oil-free compressors and energy-saving solutions, with a focus on expanding into niche markets [6]. Awards and Recognition - The company received accolades for its innovative products at the 2025 China Refrigeration Exhibition, including awards for the OCCS liquefaction unit and the -95°C low-temperature ethylene cascade unit [5][6].