BSP(SZ:000761)2025-09-16 09:02Group 1: Company Performance Overview - The report provides an overview of the company's basic situation and production operations for the first half of 2025, along with development prospects and key tasks for the second half of the year [4]. Group 2: Responses to Key Questions - The company views the "anti-involution" policy positively, believing it will have a beneficial impact on industry development. It plans to implement measures focusing on stability, risk prevention, quality improvement, structural optimization, transformation promotion, and efficiency enhancement [4]. - Regarding asset restructuring, the company disclosed a major asset replacement and related transaction plan in June 2023. The plan may significantly increase the proportion of related sales, potentially impacting the company's independent operational capabilities. Further feasibility and compliance assessments are ongoing [4]. - The company issued 6.8 billion convertible bonds in 2020, with a remaining balance of 5.631 billion. It is focusing on market value management while preparing for bond maturity and exploring financing channels [4]. - The company is committed to ecological priorities and low-carbon strategies, with plans to complete ultra-low emission modifications by October 2025. Significant investments are being made to reduce pollutant emissions [4].