Tianjin You Fa Steel Pipe Group Stock (601686.SH) stated in an investor relations activity on August 5 that the current market demand environment for the company's products is basically matched with the macroeconomic situation. With the continuous introduction and implementation of favorable policies to encourage economic development, the company is confident in its operation in the third quarter and the second half of the year. According to the statistics of the National Bureau of Statistics, there was a certain degree of decline in the cumulative production and apparent consumption of welded steel pipes in the first half of 2024. Although the company's production and sales volume in the first half of the year also declined compared to the same period last year, the overall decline was better than the industry's statistical data, and the company was able to achieve a net income of more than 0.1 billion yuan. Looking forward to the industry getting out of the new situation faster in the second half of the year and better contributing to the high-quality development of the economy and society.