DO&SH(SZ:002798)2025-09-12 10:27Group 1: Financial Performance - The company's convertible bond balance is approximately 8.53 billion yuan, maturing in October 2027, with stable operating conditions and sufficient cash flow [2] - In the first half of 2025, the company's revenue decreased by 15.35% year-on-year, and the net loss attributable to shareholders was 84.32 million yuan, an increase in loss of 53.13% year-on-year [6][7] - The company plans to optimize its debt structure and maintain sufficient bank credit to ensure funding and repayment needs [7] Group 2: Business Strategy - The company is establishing a wholly-owned subsidiary, Shuihua Future, to expand into the artificial intelligence sector, adopting a dual strategy of "internal growth" and "external mergers and acquisitions" [3][4] - The company aims to transform from a traditional manufacturing enterprise to a full-stack industrial intelligent service provider [3] - The company will implement a multi-channel sales strategy to enhance product sales and market share, focusing on low-risk, high-value products in the engineering business [5][7] Group 3: Risk Management - The company is actively implementing a multi-channel marketing strategy to mitigate uncertainties and market risks, aiming to increase market share [6] - Internal management and production operations will focus on optimizing operations and enhancing profitability [6] - The company is strengthening financial management to maintain a healthy financial status [6] Group 4: Future Outlook - The company has passed the most challenging period and is seeing positive trends in various operational indicators [8] - The company plans to leverage its extensive data in the home building materials sector to support the AI+Industrial model for Shuihua Future [8] - The company will disclose relevant strategic plans and progress in a timely manner [8]