Core Insights - The company reported a total revenue of RMB 38.151 billion for the six months ending June 30, 2025, representing a year-on-year growth of 14.03% [1] - The net profit attributable to shareholders was RMB 1.910 billion, an increase of 12.91% compared to the same period last year [1] - Earnings per share stood at RMB 0.60 [1] Industry Development - The quality of hydropower orders has significantly improved, while the company maintains the leading market share in nuclear and gas power [2] - The company achieved a breakthrough with overseas orders for 50-megawatt heavy gas turbines [2] - In the new energy sector, the company secured bulk orders for 20-megawatt offshore wind power and launched new energy equipment manufacturing bases in Ruoqiang and Burqin [2] - The company won a demonstration project for 30 heavy-duty hydrogen trucks in Panzhihua and achieved a breakthrough in orders for a 1,000 standard cubic meter alkaline electrolysis water system [2] - The company’s new effective orders reached RMB 65.485 billion in the first half of 2025, marking a year-on-year increase of 16.78% [2] - Among the new effective orders, clean and efficient energy equipment accounted for 37.59%, renewable energy equipment for 30.82%, engineering and international supply chain for 11.51%, modern manufacturing services for 8.80%, and emerging growth industries for 11.27% [2] Technological Innovation - The company has seen a surge in innovative achievements, including the successful assembly acceptance of the stator and rotor support for a 500-megawatt hydropower unit [3] - A 15-megawatt heavy gas turbine has been operating stably at design conditions, and a 26-megawatt semi-direct drive offshore wind turbine blade has passed static load testing [3] - The company has successfully completed a pilot study on key technologies for biomass gasification and has been included in the first batch of key cultivation lists by the Ministry of Industry and Information Technology for its megawatt-level chemical chain combustion pilot platform and hydrogen industry technology pilot platform [3] - The integration of technological and industrial innovation is evident, with the company independently developing marine anti-corrosion materials for use in 20-megawatt offshore wind turbines [3]