Core Viewpoint - The report indicates that 博深股份 (002282) experienced a mixed performance in the first half of 2025, with revenue growth but a decline in net profit, attributed to external economic pressures and market conditions [2][3]. Financial Performance - The company achieved a revenue of 837 million yuan, representing a year-on-year increase of 5.07% [2]. - The net profit attributable to shareholders was 97.38 million yuan, a decrease of 11.41% year-on-year [2]. - The non-recurring net profit was 91.42 million yuan, down 8.57% year-on-year [2]. - Basic earnings per share stood at 0.18 yuan [2]. Business Segment Analysis Diamond Tools Segment - The diamond tools segment faced challenges due to the downturn in the real estate sector, leading to insufficient demand for construction and renovation tools [3]. - The segment's revenue was 205 million yuan, a decline of 3.55% year-on-year, with operating profit and other indicators dropping over 40% primarily due to foreign exchange losses [3]. Abrasives Segment - The abrasives segment is the largest revenue contributor, accounting for over half of the company's total revenue [3]. - This segment reported a revenue of 438 million yuan, a year-on-year increase of 2.76%, with net profit growth of 15.32% after excluding special factors [3]. Rail Transit Equipment Segment - The rail transit equipment segment, which includes products like brake pads for high-speed trains, saw revenue increase to 177 million yuan, up 25.48% year-on-year, with profit indicators also showing growth [4]. - The decline in revenue and profit for the brake pad business was due to lower actual shipment volumes and significant price reductions [4]. Leasing and Other Businesses - The leasing and other business segment generated revenue of 16.99 million yuan, reflecting a year-on-year growth of 1.01% [4]. Future Outlook - The company aims to focus strategically on advanced abrasive tools, rail transit equipment, and high-end casting industries, aspiring to become a leading international and top domestic provider of advanced materials and high-end equipment solutions [4].