Core Viewpoint - The company reported a mixed performance in its 2025 semi-annual report, with revenue growth but a decline in net profit, while continuing to expand its market presence and invest in R&D projects related to new energy and marine cables [1][2]. Group 1: Financial Performance - The company achieved a revenue of 1.662 billion yuan in the first half of 2025, representing a year-on-year increase of 1.76% [1]. - The total contract signed reached 2.86 billion yuan, showing a significant year-on-year growth of 31% [2]. - The net profit attributable to shareholders was 52.813 million yuan, which is a decline of 9.69% compared to the previous year [1]. Group 2: Market Development - The company made breakthroughs in its main markets, specifically with the State Grid and Southern Power Grid, achieving record high bids [2]. - It successfully became a qualified supplier for major state-owned enterprises like China National Petroleum Corporation, expanding its collaboration with companies such as China Power Construction and China Railway Construction [2]. - The company is actively pursuing international certification for its products to enhance its foreign trade capabilities [2]. Group 3: Production and Innovation - The company is focusing on refining manufacturing unit assessments and is advancing upgrades to old production lines and equipment to improve capacity and efficiency [2]. - It completed the R&D of five projects, including the Australian standard 33kV 1C1200 cable, and is continuing development on 500kV polyethylene and polypropylene cables [2]. - The company initiated new R&D projects for electric vehicle charging cables and marine cables, and completed nine technical innovation projects, including addressing issues with high-speed CCV cross-linking [2].