On August 29, Shenma Co., Ltd. disclosed its 2025 semi-annual report. During the reporting period, the company achieved operating revenue of 6.6 billion yuan and a total profit of 17.93 million yuan.

Stabilize operations and control costs to solidify the foundation for the listed company's development. In the first half of the year, the company focused on the core goals of "stabilizing operations and controlling costs," adopting multiple measures to enhance the resilience of the industrial chain. It actively implemented an "internal market-oriented" management model, established an internal settlement price operation system to ensure reasonable and fair internal transaction prices, fully leveraged the collaborative advantages of the industrial chain, and improved the market competitiveness of end products. The company comprehensively promoted the implementation and construction of an intelligent operation platform project, actively established and improved the integrated analysis of "daily costs, daily profits," and performance trends to safeguard scientific production and precise management. It innovated procurement models by building an "intelligent procurement platform," conducting multi-dimensional and multi-scenario data analysis to accurately control purchase quantities, avoid inventory backlog, reduce costs from the source, significantly shorten procurement cycles, and lower procurement costs through joint purchasing and competitive negotiations. The company organized participation in the Longzhong Caprolactam-Nylon Conference, Longzhong BDO-Adipic Acid Conference, China Chemical Fiber Association Council Meeting, China Rubber Association Rubber Council Meeting, and Chemical Industry Newspaper Adiponitrile-Nylon 66 Conference to strengthen communication and exchanges within the industry and with customers, actively promoting the industry to break internal competition and shift from competition to cooperation.

Plan layout and cultivate new strength to create a new engine for nylon industry development. Following the seven-character policy of "main, cautious, good, fast, economical, excellent, and new" for project construction, the company focuses on its main business and prepares the "15th Five-Year" development plan with high quality, high efficiency, and high effectiveness. This plan covers Shenma Co., Ltd.'s subsidiaries, emphasizing key points, highlights, and breakthroughs, continuously improving the company's project construction special assessment, design change, and special fund management systems. During the reporting period, the core equipment procurement contract for Shenma's 7,000 tons/year differentiated functional nylon 66 fiber project was signed and is undergoing preliminary design. The main structures of the front spinning workshop and packaging workshop for the 100,000-ton nylon 6 civilian silk project (Phase II) of Nylon Technology have been completed, with internal wall masonry in progress and rear spinning steel structure installation underway. The company actively implements the group's "East引 West进 Out to Sea" strategy, planning projects in countries and regions rich in resources with obvious location advantages and close to consumer markets to enhance the ability to serve international market customers nearby and improve the resilience of the global supply chain.

The report also mentioned that the company has made progress in technological innovation, actively deploying national, provincial, and municipal scientific research projects, and successfully completing multiple national key project applications. The company has invested a total of 227 million yuan in research and development, reflecting its emphasis on technological innovation. In addition, in an increasingly competitive market environment, the company strives to promote the high-end and differentiated development of products to enhance overall competitiveness.