Core Viewpoint - The company demonstrated resilience in its operations amidst a challenging environment in the civil explosives industry, achieving a slight revenue growth and significant profit increase in the first half of 2025 [1] Financial Performance - The company reported a revenue of 235 million yuan, a year-on-year increase of 2.40% [1] - The net profit attributable to shareholders was 14.38 million yuan, reflecting a year-on-year growth of 57.66% [1] - The net cash flow from operating activities turned positive, reaching 50.36 million yuan, compared to a negative 38.73 million yuan in the same period last year [1] Business Segments - The signal chain chip business achieved significant growth, with revenue reaching 51.43 million yuan, a year-on-year increase of 143.38% [2] - The net profit from the signal chain segment was 4.19 million yuan, marking a turnaround from a loss [2] - The civil explosives electronic control module sales increased by 5.29% year-on-year, despite a 0.84% decline in the overall industrial detonator production [4] Product Development and Innovation - The company launched the LTD2532 chip for high-end markets, supporting 24-bit resolution for precision measurement applications [3] - The company made advancements in high-temperature and high-pressure applications, with products demonstrating good stability and reliability [4] - The company completed the industrialization verification of a 175℃ ultra-high temperature perforation control module [4] International Expansion - The company established a subsidiary in the Middle East and formed strategic partnerships with several overseas enterprises [5] - The company successfully completed joint debugging of electronic detonator production line equipment overseas, laying the groundwork for long-term international market expansion [5] Future Outlook - The company plans to focus on the iteration of the fourth-generation control chip and the productization of wireless detonators in the electronic control module sector [7] - In the signal chain chip sector, the company aims to enhance technology and expand into new applications such as renewable energy and sensors [7] - The company has adjusted its business scope to include sales of intelligent unmanned aerial vehicles and services related to low-altitude economy, providing a legal foundation for future developments in emerging fields [6][7]

Financial Performance - The company achieved operating revenue of 2.35 billion, a year-on-year increase of 2.4% [3] - Net profit attributable to shareholders reached 143.78 million, reflecting a significant growth of 57.66% compared to the previous year [3] - The net profit after deducting non-recurring gains and losses was 110.91 million, marking a 66.16% increase year-on-year [3] - The net cash flow from operating activities was 503.61 million, a substantial improvement from a negative cash flow of 387.30 million in the same period last year [1] Asset and Equity Position - The net assets attributable to shareholders at the end of the reporting period were 1.57 billion, showing a slight increase of 0.06% from the end of the previous year [1] - Total assets amounted to 1.75 billion, representing a growth of 2.47% compared to the previous year [1] Product Development and Market Strategy - The subsidiary Shanghai Xianji saw a significant increase in revenue from signal chain products, particularly the LTD2532 chip aimed at high-end markets [2] - The company is focusing on technological breakthroughs, product innovation, and market expansion, particularly in electronic control modules and signal chain products [2][3] - The company plans to actively participate in national key engineering projects and explore market opportunities based on development conditions [2]