Group 1: HuiJia Times - HuiJia Times achieved operating revenue of 1.271 billion yuan in the first half of the year, a year-on-year increase of 2.29%, with growth in the supermarket sector and a slight decline in the department store sector [1] - The company is deepening its supply chain strategy by joining a shared warehouse system and introducing an automatic replenishment system to reduce logistics costs and fresh produce loss rates [1] - The company plans to reopen its Beijing Road supermarket on August 16 after optimizing product structure, pricing, environment, and services [1] - The department store sector is expanding through a consignment operation model, while the supermarket sector is focusing on chain layout centered around Urumqi [1] - The implementation of the national "old-for-new" subsidy policy in 2025 is expected to generate sales of approximately 80 million yuan, representing a year-on-year growth of about 81% [1] - The company is introducing the Feishu intelligent collaboration platform to promote digital transformation and explore multiple application scenarios [1] Group 2: ShiJia Photon - ShiJia Photon reported progress and plans across multiple business segments, with the MT-F product for 800G/1.6T optical modules already in mass production [2] - The company has completed the research and validation of the WG chip and components for the 1.6T optical module [2] - The expansion plan for MPO products is progressing smoothly, focusing on factory planning, equipment installation, and personnel recruitment and training [2] - The company has developed a 100G EML laser and is internally validating a 10G 1577nm EML+SO laser, while the 50G PON EML product is undergoing customer validation [2] - The improvement of product line yield rates is on schedule, with results gradually translating into cost optimization benefits [2] - Inventory growth is attributed to strategic stocking of key raw materials and increased reserves of general materials and semi-finished products [2] - Capital expenditures are rising due to increased R&D investment, capacity expansion, and overseas layout, with plans for dynamic optimization of capital allocation in the future [2]

Core Viewpoint - The company, 汇嘉时代, has shown a modest growth in revenue and significant improvements in net profit, while also undergoing strategic transformations in its operations and supply chain management [2][8]. Financial Performance - In the first half of the year, the company achieved a revenue of 1.271 billion yuan, representing a year-on-year increase of 2.29% [2][8]. - The net profit attributable to shareholders reached 67.05 million yuan, up 62.64% year-on-year, while the net profit excluding non-recurring items was 63.15 million yuan, reflecting a 75.98% increase [8]. - For the second quarter, the company reported a revenue of 545 million yuan, a 1.32% increase year-on-year, and a net profit of 10.18 million yuan, which is a remarkable 195.45% increase [8]. Supply Chain Optimization - The company has implemented a supply chain optimization strategy by joining the "盛德美" shared warehouse system of 河南大张集团, which has helped reduce logistics costs and shorten inventory turnover days [2]. - An automatic replenishment system has been introduced, leading to a continuous decrease in fresh product loss rates and significant optimization of logistics costs [2]. Store Renovation and Opening Plans - The 北京路购物中心超市 has been undergoing renovations since June 3, with a focus on improving product offerings, pricing, store environment, and customer service [3][4]. - The renovated store is expected to reopen on August 16 [5]. - The company plans to open a new shopping center project in 天北新区, with the supermarket expected to start operations by the end of this year and the department store by mid-2026 [6]. Promotional Activities - The company actively participated in the "以旧换新" promotion policy, which began in January 2025, resulting in sales of approximately 80 million yuan, a year-on-year increase of about 81% [7]. Digital Transformation - The company has accelerated its digital transformation by introducing the 飞书 intelligent collaboration platform, enhancing store management, organizational efficiency, and cross-departmental collaboration [8].