In the first half of the year, we delivered a performance that was a mix of "fire and ice." The financial results were like a barometer of the market—revealing both our strengths and the chill of the external environment.
In the first quarter, with a "start fast and sprint from the gate" attitude, we achieved a remarkable 20.1% year-on-year growth in sales output value. In particular, our energy-efficient fan business seized the industrial opportunity presented by the "dual carbon" strategy and earned above-market returns through our hardcore technology. At that moment, we were the disruptors rising against the trend.
However, as we entered the second quarter, we encountered a "late spring chill" in the market. Hit by the combined effects of slowing macroeconomic infrastructure investment, project delays, and intensifying industry competition, the Group's overall sales output value declined by 11.5% year-on-year. When the data was released, I'm sure many of you felt a heavy weight on your hearts. This 11.5% drop was a stress test from the market—it tested our resilience, not a verdict on our fate.
Faced with the steep drop in the second quarter, we did not give up, nor did we retreat. As we moved into the second half, the drums of battle beat again, and early good news began to come in.
In July, we quickly stopped the decline and rebounded, achieving 8.2% year-on-year growth. In August, we sustained that growth momentum and stabilized our upward trajectory!
These two consecutive months of positive growth are not just a recovery in numbers—they are a testament to the spirit of every B-Tohin person: "never yielding, daring to take on challenges"! They are the result of the sweat and persistence of our production teams on the front lines, the relentless R&D efforts of our engineers working day and night, and the dedication of our sales force traveling across the country to open up new markets.
Market fluctuations are the norm, and it is precisely in such volatility that a company's true value is revealed. From the "strong start" in Q1, to the "bottoming out" in Q2, and then to the "rebound" in July and August, this trajectory clearly outlines B-Tohin person's strong operational resilience and capacity for self-recovery. Now, we stand at a critical juncture as we approach the end of the third quarter. The strong start to the second half has already proven that we remain a trusted partner to our customers, and that our energy-efficient products are still an essential part of the market's ongoing transformation.
The start of the second half has already lit a beacon of hope for us. Let us channel the "aggressiveness" of Q1 and the "pain" of Q2 into the "drive" for the second half! No matter how rough the external environment gets, as long as we are united in purpose and effort, the ship of B-Tohin person will cut through the waves and deliver a performance at year-end that is worthy of our hard work and our mission!
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