1. Due to the macro-economic and industrial environment, the government investment has decreased, and the company is promoting the optimization of business order structure and strategic layout, resulting in new orders falling short of expectations during the reporting period.
2. During the reporting period, the settlement cycle of the company's engineering business was lengthened, and the progress of accounts receivable collection was delayed, which comprehensively affected the company's performance. The overall production and operation of the company is still in the stage of gradual recovery. Compared with the same period of last year, the company's revenue in the first half of the year increased and its operating performance improved. The estimated loss is 50-90 million yuan less than the same period last year.