Core Viewpoint - Songlin Technology (603992) plans to invest an additional $30 million in its wholly-owned subsidiary, Songlin Technology (Vietnam) Co., Ltd., to meet production and operational needs [1] Group 1: Company Financials - As of October 17, 2025, Songlin Technology's stock closed at 27.29 yuan, down 3.16% from the previous trading day, with a total market capitalization of 11.814 billion yuan [1] - The stock opened at 28.01 yuan, reached a high of 28.15 yuan, and a low of 27.19 yuan, with a trading volume of 40.7206 million yuan and a turnover rate of 0.35% [1] Group 2: Investment Details - The investment was approved during the 24th meeting of the third board of directors on October 17, 2025, and does not constitute a related party transaction or a major asset restructuring [1] - The funding will come from the company's own or self-raised funds, and the investment will be made in cash [1] - Songlin Technology (Vietnam) was established on February 6, 2024, with a registered capital of $39 million, focusing on the manufacturing, sales, and import-export of kitchen and bathroom health and beauty products [1] Group 3: Subsidiary Financials - As of June 30, 2025, Songlin Technology (Vietnam) reported total assets of 399.4556 million yuan and owner’s equity of 269.1823 million yuan [1] - After this investment, the company will still hold 100% equity in Songlin Technology (Vietnam) [1] - The investment is subject to approval or filing with domestic business, development and reform, foreign exchange management departments, and local authorities in Vietnam [1]

Core Viewpoint - Songlin Technology announced plans to invest an additional $30 million in its wholly-owned subsidiary in Vietnam to meet future production and operational needs based on market demand from overseas customers [2] Group 1: Company Investment - The company will hold its 24th meeting of the third board of directors on October 17, 2025, to review the investment proposal [2] - The additional investment will be made in phases according to project progress [2] - The subsidiary, Songlin Technology (Vietnam) Co., Ltd., was established in February 2024 [2] Group 2: Market Demand - The decision for additional investment is driven by the assessment of market demand from downstream overseas customers [2]

Core Viewpoint - The company, Songlin Technology (603992.SH), announced plans to invest an additional $30 million in its wholly-owned subsidiary, Songlin Technology (Vietnam) Co., Ltd., to meet future production and operational needs based on market demand from overseas customers [1]. Group 1 - The subsidiary, Songlin Technology (Vietnam), was established in February 2024 [1]. - The investment will be made in phases according to project progress [1]. - The decision to invest is driven by the assessment of downstream overseas customer market demand [1].

Core Viewpoint - Songlin Technology (603992.SH) announced plans to invest an additional $30 million in its wholly-owned subsidiary, Songlin Technology (Vietnam) Co., Ltd., to meet future production and operational needs based on market demand from overseas customers [1] Group 1 - The subsidiary, Songlin Technology (Vietnam), was established in February 2024 [1] - The investment will be made in phases according to project progress [1] - The decision is driven by the assessment of downstream overseas customer market demand [1]

（一）本次交易概况 | 证券代码：603992 | 证券简称：松霖科技 | 公告编号：2025-067 | | --- | --- | --- | | 转债代码：113651 | 转债简称：松霖转债 | | 厦门松霖科技股份有限公司 关于向越南全资子公司追加投资的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 2025 年 10 月 17 日公司召开第三届董事会第二十四次会议，审议通过《关于向 越南全资子公司追加投资的议案》，本次交易未达到股东会审议标准。 其它需要提醒投资者重点关注的风险事项 本次对外投资项目尚需经国内相关部门审批或备案，能否通过相关审批以及最终 通过审批的时间均存在不确定性风险。 一、对外投资概述 1、本次交易概况 厦门松霖科技股份有限公司（以下简称"公司"或"松霖科技"）的全资子公司 松霖科技（越南）有限公司（以下简称"越南松霖"）于 2024 年 2 月成立，公司现 第 1 页 共 5 页 投资标的名称：松霖科技（越南）有限公司 投资金额：3,000 万美元 交易实施已履行的审批程 ...

格隆汇10月17日丨松霖科技(603992.SH)公布，公司的全资子公司松霖科技(越南)有限公司(以下简称"越 南松霖")于2024年2月成立，公司现基于下游海外客户市场需求情况评估，拟对越南松霖追加投资3,000 万美元(拟根据项目进度分批投入)，以满足未来生产经营需求。 ...

Summary of Su Lin Technology's Conference Call Company Overview - **Company**: Su Lin Technology - **Industry**: Robotics, AI Health Software and Hardware, Smart Kitchen and Bathroom Products Key Points Financial Performance - **Q3 Net Profit**: Approximately 65 million yuan, a year-on-year decrease of 34% but a quarter-on-quarter increase of 38, indicating gradual improvement in performance [2][4][24] - **Impact of Tariffs**: Significant impact from US-China tariffs, but the company is actively responding by diversifying production to Vietnam [2][8] Business Segments - **Main Business Segments**: - **Robotics**: Focus on logistics and care service robots under its own brand and consumer-grade robots under the IDM model [3][6] - **AI Health Software and Hardware**: Covers skin, hair, sleep, oral health, and drinking water health [3][14] - **Smart Kitchen and Bathroom**: Core business segment with various products including shower and kitchen solutions [3] Robotics Strategy - **Strategic Layout**: - Two main areas: B2B logistics and care service robots, and consumer-grade robots [6] - Plans to launch 1.0 version products in Q4 2025 and showcase product matrix in H1 2026 [6] - **Core Advantages**: - Comprehensive robot system solutions leveraging IoT connectivity and operational systems to enhance B2B client efficiency [7] - Technical advantages in general and care scenarios, as well as smart kitchen and health hardware [7] Vietnam Production Base - **Significance**: - Key part of the company's international strategy to mitigate risks from US-China trade conflicts [9] - Phase one completed and ramping up production, with full capacity expected by Q4 2025 [9][10] - Total capacity of approximately 200 million USD upon full production [11] - **Operational Challenges**: - Q3 revenue improvement not primarily due to Vietnam factory contributions, but expected to enhance post-completion [10] Collaboration and Growth - **Partnerships**: - Collaboration with Five-Star Elderly Care for logistics and care robots, and ongoing discussions with other institutions [13] - Significant progress in the health sector with partnerships for innovative products [14][15] Future Outlook - **Growth Expectations**: - Health and robotics sectors are seen as key growth areas, with a focus on innovation and collaboration [14][24] - **Capital Expenditure and Dividends**: - Plans for high dividend payouts at 50% annually over the next three years [17] - No immediate plans for new overseas production bases, but open to future opportunities based on client needs [18] IDM Model - **IDM Model Explanation**: - Integrated Device Manufacturer model that encompasses design and production, allowing for better quality control and responsiveness [21][22] - Over 80% of projects currently utilize the IDM model, with plans for further integration [23] Conclusion - **Overall Performance**: - Q3 performance shows improvement, with a strong outlook for the future driven by strategic initiatives in robotics and health sectors [24]

Core Viewpoint - Songlin Technology (603992.SH) anticipates a net profit attributable to shareholders of 155 million to 160 million yuan for the first three quarters of 2025, representing a year-on-year decline of 50.11% to 51.67% compared to the same period last year [1] Group 1: Financial Performance - The company's underlying business logic remains unchanged, with major client projects and orders showing steady recovery [1] - The operating performance is improving quarter by quarter, with a quarter-on-quarter net profit growth of 30% to 40% in Q3 [1] - Revenue from the company's main sales regions has declined year-on-year due to the ongoing impact of the international trade environment and macroeconomic conditions [1] Group 2: Strategic Outlook - The company believes that the current external disturbances are short-term impacts [1] - It continues to invest in research and development, market expansion, and overseas base construction as part of its strategic plan to build momentum for future growth [1]

2025 First Three Quarters Performance Forecast [I. Current Period Performance Forecast Overview](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) The company forecasts a significant year-over-year decline in 2025 Q1-Q3 net profit, with Q3 showing sequential improvement; this forecast is unaudited [1. Performance Forecast Period](index=1&type=section&id=(%E4%B8%80)%20%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%9C%9F%E9%97%B4) - The performance forecast period is from January 1, 2025, to September 30, 2025[3](index=3&type=chunk) [2. Performance Forecast Details](index=1&type=section&id=(%E4%BA%8C)%20%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) Estimated Performance for 2025 First Three Quarters | Metric | Current Period Estimate (CNY million) | Prior Year Same Period (CNY million) | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders of Listed Company | 155.00~160.00 | 320.72 | -51.67%~-50.11% | | Net Profit Attributable to Shareholders of Listed Company After Non-Recurring Items | 123.00~128.00 | 295.79 | -58.42%~-56.73% | [3. Unaudited Performance Statement](index=2&type=section&id=(%E4%B8%89)%20%E6%9C%AC%E6%AC%A1%E6%89%80%E9%A2%84%E8%AE%A1%E7%9A%84%E4%B8%9A%E7%BB%A9%E6%9C%AA%E7%BB%8F%E6%B3%A8%E5%86%8C%E4%BC%9A%E8%AE%A1%E5%B8%88%E5%AE%A1%E8%AE%A1) - The projected performance for this period is unaudited by a certified public accountant[6](index=6&type=chunk) [II. Prior Year Same Period Operating Performance and Financial Status](index=2&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8A%E5%B9%B4%E5%90%8C%E6%9C%9F%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E5%92%8C%E8%B4%A2%E5%8A%A1%E7%8A%B6%E5%86%B5) This section provides statutory net profit and EPS data for 2024 Q1-Q3, serving as the benchmark for the current performance forecast Prior Year Same Period (2024 Q1-Q3) Financial Performance | Metric | Amount (CNY million) | | :--- | :--- | | Net Profit Attributable to Parent Company Owners | 320.72 | | Net Profit Attributable to Parent Company Owners After Non-Recurring Items | 295.79 | | Basic Earnings Per Share | 0.79 CNY | [III. Primary Reasons for Current Period Performance Decline](index=2&type=section&id=%E4%B8%89%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%87%8F%E7%9A%84%E4%B8%BB%E8%A6%81%E5%8E%9F%E5%9B%A0) Revenue declined year-over-year due to international trade and macroeconomic impacts, despite stable business logic; Q3 net profit improved sequentially from strategic investments - Revenue in key sales regions declined year-over-year due to the continuous impact of changes in the international trade environment and macroeconomic conditions[8](index=8&type=chunk) - The company's operating performance improved quarter-over-quarter, with Q3 net profit attributable to parent company owners increasing **30% to 40% sequentially**[8](index=8&type=chunk) - The company continues planned investments in R&D, market expansion, and overseas base construction, accelerating the development of its Vietnam production base, with Vietnam Songlin commencing shipments in June 2025 and entering the capacity ramp-up phase[8](index=8&type=chunk) - The company steadfastly executes its established strategy, continuously increasing R&D investment in robotics, smart health hardware and software, and intelligent kitchen and bathroom products, while accelerating the layout of international intelligent manufacturing bases and actively exploring new markets and customers[8](index=8&type=chunk) [IV. Risk Warning](index=3&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) This preliminary, unaudited performance forecast is based on financial department estimates; investors should note investment risks, as no major uncertainties are identified - This performance forecast is a preliminary estimate by the finance department and is unaudited by a certified public accountant[10](index=10&type=chunk) - The company has not identified any significant uncertainties affecting the accuracy of this performance forecast[10](index=10&type=chunk) [V. Other Explanatory Matters](index=3&type=section&id=%E4%BA%94%E3%80%81%E5%85%B6%E4%BB%96%E8%AF%B4%E6%98%8E%E4%BA%8B%E9%A1%B9) The forecast data are preliminary; accurate financial figures will be subject to the officially disclosed 2025 Q1-Q3 Report, reminding investors of investment risks - The forecast data are preliminary, and the specific accurate financial figures will be subject to the company's officially disclosed '2025 First Three Quarters Report'[11](index=11&type=chunk)

Core Viewpoint - Songlin Technology (603992.SH) expects a significant decline in net profit for the first three quarters of 2025 compared to the previous year, primarily due to external economic factors, despite a recovery in operational performance [1] Financial Performance - The company anticipates net profit attributable to shareholders to be between 155 million to 160 million yuan, representing a year-on-year decrease of 50.11% to 51.67% [1] - The net profit after deducting non-recurring gains and losses is projected to be between 123 million to 128 million yuan, reflecting a year-on-year decline of 56.73% to 58.42% [1] - In Q3, the net profit attributable to shareholders is expected to grow by 30% to 40% quarter-on-quarter [1] Business Operations - The underlying business logic remains unchanged, with major client projects and orders showing steady recovery [1] - The company is facing a decline in revenue in its main sales regions due to the ongoing impact of the international trade environment and macroeconomic conditions [1] Strategic Initiatives - The company continues to invest in R&D, market expansion, and overseas base construction to build momentum for future growth [1] - The construction of the production base in Vietnam is accelerating, with increased initial expenditure [1] - The Vietnam facility is expected to start shipping by June 2025, entering a phase of capacity ramp-up, which will open new opportunities for the company's international business [1]