Summary of Zhongji United's Conference Call Company Overview - **Company**: Zhongji United - **Period**: First half of 2025 Key Financial Metrics - **Net Profit**: 244 million CNY, up 97.77% YoY [2][3] - **Total Assets**: 3.543 billion CNY, up 6.74% YoY [2][3] - **Net Assets**: 2.756 billion CNY, up 6.47% YoY [2][3] - **Operating Cash Flow**: 109 million CNY, up 35.35% YoY [2][3] - **Revenue Growth**: 44% YoY, with Q2 growth at 50% [2][4] Revenue Breakdown - **Main Business Revenue**: - Aerial safety lifting equipment: 67% - Aerial safety protection equipment: 30% [2][5] - **Overseas Revenue**: Approximately 55% of total revenue, with a target of two-thirds in the future [2][12][19] Profitability Metrics - **Gross Margin**: Exceeded 50%, up 2.96 percentage points YoY, driven by increased export sales and high-priced product sales [2][6][7] - **Net Margin**: Reached 32%, up 7 percentage points YoY, due to gross margin improvement and reduced sales and R&D expenses [2][8] Order and Market Dynamics - **New Orders**: Expected to grow by 30% YoY for 2025, with domestic orders growing faster than international [4][24] - **Accounts Receivable**: 646 million CNY, with a typical collection period of 3 to 6 months [4][13] - **Inventory Increase**: To mitigate potential tariff risks and meet rising customer demand [14] Market Strategy and Expansion - **International Presence**: Establishing subsidiaries in the Middle East and Brazil to tap into growing renewable energy demand [17] - **U.S. Market**: Accounts for over 60% of overseas revenue, primarily from retrofitting existing wind turbines [19][20] Cost Management and Efficiency - **Expense Control**: Management expenses increased by 23% due to higher salaries and consulting fees, but overall costs are expected to stabilize [18][10] - **Future Cost Trends**: Anticipated to remain stable as the company implements cost control measures [10] Competitive Landscape - **Market Entry Barriers**: High certification and safety requirements deter new entrants into the industry [15][16] - **R&D Investment**: Significant investment in R&D has led to effective cost control, enhancing gross and net margins compared to international peers [23] Future Outlook - **Revenue and Order Growth**: Full-year order growth expected to reach 30%, with a focus on both domestic and international markets [24][41] - **Market Challenges**: Anticipated pressure on domestic installation capacity in 2026, but the company plans to introduce new products to maintain growth [45] Additional Insights - **Contract Liabilities**: Future growth in contract liabilities will depend on timely customer acceptance of projects [11] - **Product Value**: The value of products varies significantly based on specifications, with potential increases as new products are introduced [21] This summary encapsulates the key points from Zhongji United's conference call, highlighting financial performance, market strategies, and future outlook.

格隆汇8月25日丨中际联合(605305.SH)在互动平台表示，公司所生产的升降产品主要为有限空间内的垂 直升降及安全防护需求而设计，产品已经应用在风力发电、水电、电网塔架、火电、通信、立体养殖等 多个领域。目前公司没有与SpaceX进行合作。 ...

本次财报公布的各项数据指标表现尚佳。其中，毛利率50.15%，同比增6.28%，净利率32.02%，同比增 30.03%，销售费用、管理费用、财务费用总计9465.04万元，三费占营收比11.57%，同比减25.16%，每 股净资产12.97元，同比增14.38%，每股经营性现金流0.51元，同比增35.35%，每股收益1.23元，同比增 86.36% 据证券之星公开数据整理，近期中际联合(605305)发布2025年中报。截至本报告期末，公司营业总收入 8.18亿元，同比上升43.52%，归母净利润2.62亿元，同比上升86.61%。按单季度数据看，第二季度营业 总收入5.02亿元，同比上升52.13%，第二季度归母净利润1.64亿元，同比上升99.31%。本报告期中际联 合盈利能力上升，毛利率同比增幅3.11%，净利率同比增幅30.03%。 财务报表中对有大幅变动的财务项目的原因说明如下： 营业收入变动幅度为43.52%,原因:2025年上半年风电行业整体保持快速发展态势，公司把握机遇、积 极开拓市场，各类业务持续稳定增长，境内外收入同比增加带来本期主营业务收入增长。 应收款项变动幅度为26.64%,原因 ...

Group 1 - Zhongji United (605305.SH) released its semi-annual report for 2025 on August 23, 2025, indicating that as of August 22, 2025, 27 institutional investors disclosed holding shares, totaling 39.78 million shares, which accounts for 18.72% of Zhongji United's total share capital [1] - The top ten institutional investors include various firms such as Beijing Shichuang Technology Development Co., Ltd. and China Merchants Bank Co., Ltd., with the top ten collectively holding 17.89% of the shares, a decrease of 1.56 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, one fund, Baodao Huitai Preferred Mixed A, increased its holdings by 0.82% compared to the previous period, while another fund, Jiaoyin Trend Mixed A, decreased its holdings by 0.19% [2] - One new public fund, Nanhua Fenghui Mixed A, was disclosed this period, while 21 public funds were not disclosed in this period, including notable funds like Jiaoyin Ruiyuan Three-Year Fixed Open Mixed and Morgan Stanley Thematic Preferred Mixed [2]

证券代码：605305 证券简称：中际联合 公告编号：2025-052 中际联合（北京）科技股份有限公司 第四届监事会第十三次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 中际联合（北京）科技股份有限公司（以下简称"公司"）第四届监事会第 十三次会议于 2025 年 8 月 21 日在公司会议室以现场表决方式召开，会议通知于 事 3 名，本次会议由监事会主席丁增杰先生主持。会议的召集、召开符合有关法 律、行政法规、部门规章、规范性文件和《公司章程》的规定，所作决议合法有 效。 二、监事会会议审议情况 （一）审议通过《关于公司 2025 年半年度报告及摘要的议案》 根据《公司法》《公司章程》等相关规定，公司总结了 2025 年半年度经营成 果、财务状况及股份变动等情况，编制了公司 2025 年半年度报告及摘要。 具体内容详见公司于同日在上海证券交易所网站（www.sse.com.cn）及指定 信息披露媒体披露的《中际联合（北京）科技股份有限公司 2025 年半年度报告》 及《中际联合（北京 ...

Meeting Information - The first extraordinary general meeting of shareholders for 2025 will be held on September 8, 2025, at 14:30 [1] - The meeting will be conducted using a combination of on-site and online voting methods [1] - The location for the on-site meeting is at the conference room, No. 11 Tongji South Road, Beijing Economic and Technological Development Zone [1] Voting Procedures - Shareholders can vote through the Shanghai Stock Exchange's online voting system, with voting available from 9:15 to 15:00 on the day of the meeting [1][2] - Shareholders holding multiple accounts can aggregate their voting rights across all accounts for the same category of shares [4][5] - Duplicate votes for the same voting right will be counted based on the first voting result [5] Attendance and Registration - Shareholders registered with China Securities Depository and Clearing Corporation Limited as of the close of trading on August 29, 2025, are eligible to attend the meeting [6] - Registration for attendance must be completed by September 5, 2025, at 17:00 [6] - Required documents for registration include a power of attorney, identification, and proof of shareholding [6] Agenda Items - The meeting will review several proposals, including the 2025 semi-annual profit distribution plan and amendments to various company regulations [4][11] - No related shareholders are required to abstain from voting on the proposals [4] Contact Information - For inquiries regarding the meeting, shareholders can contact Qi Yajuan at 010-69598980 or via email at ir@3slift.com [6]

Summary of Key Points Core Viewpoint - The company plans to distribute a cash dividend of 0.37 RMB per share, amounting to a total of 78,632,400 RMB, which represents 30% of the net profit attributable to shareholders for the first half of 2025 [1][2]. Group 1: Profit Distribution Plan - The company has a total undistributed profit of 900,390,446.02 RMB as of June 30, 2025 [1]. - The total share capital as of June 30, 2025, is 212,520,000 shares, leading to a total cash dividend distribution of 78,632,400 RMB [1]. - The cash dividend distribution will be based on the total share capital registered on the equity distribution record date [1][2]. Group 2: Decision-Making Process - The profit distribution plan was approved during the 14th meeting of the 4th Board of Directors held on August 21, 2025 [2]. - The Supervisory Board also approved the profit distribution plan, confirming its compliance with relevant laws and the company's articles of association [2]. - The plan is subject to approval at the company's first extraordinary general meeting of shareholders in 2025 [3].

Core Viewpoint - The board of directors of Zhongji United (Beijing) Technology Co., Ltd. held its 14th meeting of the 4th session, where several important resolutions were passed regarding the company's financial report, fundraising, profit distribution, and governance structure [1][2][3]. Group 1: Financial and Operational Updates - The company approved the 2025 semi-annual report and summary, detailing its operational results, financial status, and share changes [1]. - A special report on the storage and actual use of raised funds for the first half of 2025 was also approved [2]. - The company plans to distribute a cash dividend of 0.37 yuan per share (including tax) to all shareholders [2]. Group 2: Business Operations and Governance Changes - The total limit for foreign exchange derivative trading business was increased from 35 million USD to 125 million USD [2]. - The company proposed to abolish the supervisory board and modify its English name, along with amendments to the company’s articles of association [3]. - Several internal governance documents, including the rules for shareholder meetings, board meetings, and investor relations management, were revised [4][5][6]. Group 3: Additional Governance and Compliance Measures - The company revised various management systems, including those for external investment, external guarantees, related party transactions, and internal auditing [6][9][10]. - New management systems were established for the resignation of directors and senior management, as well as for the temporary suspension and exemption of information disclosure [12][13]. - The company scheduled its first extraordinary general meeting of 2025 for September 8, 2025 [13][14].

Core Viewpoint - Zhongji United announced the approval of multiple proposals, including the 2025 semi-annual report and summary, during the 14th meeting of its fourth board of directors [2] Group 1 - The company held its 14th meeting of the fourth board of directors on August 22 [2] - The meeting resulted in the approval of the proposal regarding the 2025 semi-annual report and summary [2]

Core Viewpoint - Zhongji United announced the approval of multiple proposals, including the 2025 semi-annual report and summary, during the 13th meeting of the fourth supervisory board [2] Group 1 - The company held its 13th meeting of the fourth supervisory board on August 22 [2] - The meeting resulted in the approval of the proposal regarding the 2025 semi-annual report and summary [2]