Core Viewpoint - The company, Kirin Trust, reported a revenue increase of 5.19% in the first half of 2025, driven by technological innovation and expansion in key industries, despite a net loss of 10.38 million yuan [1] Group 1: Financial Performance - The company achieved a revenue of 94.06 million yuan in the first half of 2025, with a net profit of 6.88 million yuan after excluding share-based payment impacts, marking a turnaround from losses in the previous year [1] - The operating system business generated 58.32 million yuan, reflecting a year-on-year growth of 20.37%, while the information security business saw a significant increase of 50.73%, reaching 11.30 million yuan [2] Group 2: Business Development - The company focused on key industries such as electricity, special sectors, and government, leveraging opportunities in the digital transformation and domestic innovation sectors to enhance its business scale and profitability [1][2] - Kirin Trust's operating system has been adapted for various industrial software and domestic GPUs, significantly improving simulation efficiency, particularly in the automotive industry [3] Group 3: Market Expansion and Partnerships - The company successfully entered procurement projects for domestic operating systems in several provinces and established benchmark cases in government systems, solidifying its regional market presence [4] - New contracts were signed with major state-owned enterprises, and strategic collaborations were formed with leading ISVs to expand market coverage [4] Group 4: Research and Development - The company increased its R&D investment to 44.29 million yuan, a year-on-year growth of 12.81%, with an R&D expense ratio of 47.09%, up by 3.18 percentage points [5] - Kirin Trust has accumulated 63 authorized patents and 214 software copyrights, indicating a continuous enhancement of its technical strength and innovation capabilities [5] Group 5: Industry Collaboration and Future Outlook - The company actively participates in open-source communities and has established training programs for nearly 200 universities, enhancing talent reserves in the domestic innovation sector [5] - With ongoing projects maturing and moving towards commercialization, the company is expected to break existing technical barriers and expand its ecosystem, creating new market opportunities [6]