FPI(SZ:300203)2025-07-04 07:58Group 1: Financial Performance - In the first half of 2025, the company's revenue and profit experienced a decline compared to the same period last year due to business optimization and focus on high-value areas [2] - The preliminary estimate indicates a decrease in gross margin for the first half of the year, primarily due to fluctuations in individual gross margins of revenue recognition projects [2] - The order conversion rate in the first half of the year has decreased compared to last year, but the overall conversion rate aligns with the company's expectations [2] Group 2: Market Demand and Trends - The demand for mass spectrometers in laboratory instruments has been stronger, while the semiconductor application sector has seen a reduction in investment this year [3] - The national policy promoting domestic substitution of scientific instruments is gaining traction, with increased acceptance of domestic products by both the government and users [3] - The life sciences instrument sector is performing better, particularly in research, while progress in medical instruments is slower [3] Group 3: Operational Strategies - The company is focusing on strengthening contract and revenue quality management, enhancing cash flow management, and implementing detailed expense control to ensure operational resilience [2] - Employee numbers have decreased significantly in the past two years due to business structure adjustments, but the current situation is stable, with plans to increase personnel in high-growth areas [3] - The company has laid out products for ocean and deep-sea monitoring, although the overall market capacity remains limited [3]