Financial Performance - For the first half of 2025, the company's operating revenue was approximately 985.82 million, an increase from 910.44 million in the same period last year, representing a growth of about 8.1% [2] - The total profit for the same period was approximately 195.32 million, up from 186.58 million year-on-year, indicating a growth of about 4.0% [2] - The net profit attributable to shareholders was approximately 169.49 million, slightly up from 166.97 million, showing a growth of about 1.0% [2] - The net profit after deducting non-recurring gains and losses was approximately 165.52 million, compared to 157.17 million in the previous year, reflecting a growth of about 5.3% [2] - The net cash flow from operating activities was negative at approximately -34.64 million, a significant decrease from 163.65 million in the same period last year [2] Asset and Liability Changes - As of the end of the first half of 2025, the company's net assets attributable to shareholders were approximately 2.60 billion, an increase from 2.51 billion at the end of the previous year [2] - Other non-current assets decreased by 69.81%, while other current assets increased by 451.91%, indicating a shift in asset composition [35] - The company's total liabilities saw an increase in other current liabilities by 71% and accounts payable by 11.19% [38] Cash Flow Analysis - The net cash flow from financing activities was approximately -81.08 million, an increase of 24.56 million compared to the previous year [22] - The net cash flow from investment activities was approximately 72.77 million, a significant improvement from -34.61 million in the same period last year [22] Shareholder Structure - The top ten shareholders as of the end of the first half of 2025 included new shareholder 景顺长城成长龙头一年持有期混合型证券投资基金, replacing 瑞众人寿保险有限责任公司-分红产品 [49] - The shareholding proportions of 景顺长城新能源产业股票型证券投资基金 and 全国社保基金一一四组合 increased, while several other shareholders saw a decrease in their holdings [49] Valuation Metrics - As of August 29, the company's price-to-earnings (P/E) ratio was approximately 35.81, the price-to-book (P/B) ratio was about 5.01, and the price-to-sales (P/S) ratio was around 6.59 [2]