Performance Forecast - The company expects a net profit attributable to shareholders of the parent company for the first half of 2025 to be between 28 million and 34 million yuan, representing an increase of 19.56 million to 25.56 million yuan compared to the same period last year, with a year-on-year growth of 231.79% to 303.79% [1] - The net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, is expected to be between 23.3 million and 29.3 million yuan, an increase of 20 million to 26 million yuan compared to the same period last year, with a year-on-year growth of 606.77% to 788.77% [1] Previous Year Performance - The company's revenue for the same period last year was 185.17 million yuan [2] - The total profit for the previous year was 7.89 million yuan, with a net profit attributable to shareholders of the parent company of 8.44 million yuan, and a net profit excluding non-recurring gains and losses of 3.30 million yuan [2] - The earnings per share for the previous year were 0.11 yuan [2] Reasons for Performance Change - The company has actively seized industry development opportunities, leading to growth in revenue from building information software, which has increased its revenue share and optimized the business structure [2] - The company has continued to implement a talent optimization plan, effectively controlling costs through personnel structure optimization, resulting in a year-on-year decrease in R&D and sales expenses [2] - The company has strengthened accounts receivable management, improving collection efficiency and reducing the provision for accounts receivable impairment losses compared to the previous year [2]

Group 1 - Meidi Kai plans to acquire 100% equity of Haisholi and INNOWAVE VIETNAM for a total of 2 billion KRW, entering Samsung's supply chain and filling gaps in its ultra-thin optical film business [3] - Tuo Xin Pharmaceutical will invest 10 million CNY in Jiangsu Jinsan Biotechnology, acquiring a 1.75% stake, as Jinsan has successfully produced high-purity ergothioneine [4] - Zhejiang Energy Power reported a 4.48% increase in power generation to 78.848 billion kWh in the first half of the year, driven by rising electricity demand in Zhejiang province [5] Group 2 - Anker Innovation is researching overseas share issuance to enhance its global strategy and brand image, with no specific plan confirmed yet [6] - *ST Chuangxing announced a change in actual controller to Wang Xiangrong after a judicial auction of shares [7] - Hosheng Silicon Industry's controlling shareholder plans to transfer 5.08% of its shares for 2.634 billion CNY [8] Group 3 - Wuchan Zhongda's subsidiary plans to acquire 100% equity of South Taihu Technology for 1.457 billion CNY, aiming to strengthen its position in the cogeneration sector [9] - Postal Savings Bank intends to invest 10 billion CNY to establish a financial asset investment company, supporting technological innovation and private enterprises [10] - *ST Huawang plans to purchase 55.5% equity of Niwei Power for a total of approximately 6.01 billion CNY, focusing on the development of high-pressure fuel tank systems for hybrid vehicles [11] Group 4 - Tiande Yu expects a 50.89% increase in net profit to 152 million CNY in the first half of 2025, driven by growth in display driver chips [14] - Pinming Technology anticipates a net profit increase of 231.79% to 340 million CNY in the first half of 2025, attributed to growth in construction information software [15] - *ST Jinglun forecasts a loss of 19 to 22 million CNY in the first half of 2025, despite a 23.5% revenue increase [16] Group 5 - Jindi Co. signed an industrial project investment contract with the government for no less than 1.5 billion CNY to expand its market in Southwest China [17] - Baiyun Electric is expected to win a procurement project from the State Grid worth 164 million CNY [18] Group 6 - Fulei New Materials plans to reduce its stake by up to 1.33% through trading [19] - Yaxin Security's shareholders plan to collectively reduce their stake by up to 3% [20] - Zhongchong Co.'s controlling shareholder plans to reduce its stake by up to 1.5% [21] Group 7 - Huayuan Holdings intends to repurchase shares worth 20 to 40 million CNY for employee stock ownership plans [24] - Taiji Group plans to repurchase shares worth 80 to 120 million CNY, all for cancellation [25] Group 8 - Fengshen Co. plans to raise up to 1.1 billion CNY through a private placement for a tire expansion project [26] - Shangwei Co. plans to raise up to 1.144 billion CNY through a private placement to enhance its capabilities [27] - Shanggao Environmental plans to raise up to 718 million CNY through a private placement for working capital and debt repayment [28]

Mergers and Acquisitions - Meidike plans to acquire 100% equity of Haishuo Optical Technology (Suzhou) Co., Ltd. for 2 billion KRW and 100% equity of INNOWAVE VIETNAM CO., LTD. for 1 billion KRW, totaling approximately 219.47 million USD [1] - Wuchan Zhongda's subsidiary Zhejiang Wuchan Environmental Energy Co., Ltd. intends to acquire 100% equity of Huzhou South Taihu Power Technology Co., Ltd. for 1.457 billion CNY [2] Earnings Disclosure - Tiande Yu expects total revenue of 1.208 billion CNY for the first half of 2025, a year-on-year increase of 43.35%, with net profit attributable to shareholders expected to be 152 million CNY, up 50.89% [3] - Pinming Technology anticipates net profit attributable to shareholders for the first half of 2025 to be between 28 million and 34 million CNY, representing a year-on-year increase of 231.79% to 302.89% [4] - Beiding Co., Ltd. reported a total revenue of 432 million CNY for the first half of 2025, a year-on-year increase of 34.05%, with net profit attributable to shareholders of 55.83 million CNY, up 74.92% [5] Shareholding Changes - Zhongtie Assembly's shareholder Sun Zhiqiang increased his shareholding by 950,000 shares, raising his ownership from 20.693% to 21.080%, totaling 2.7323 million shares acquired since the announcement of the buyback plan [6] - Chaozhuo Aerospace's shareholder Hangzheng Science and Technology plans to reduce its stake by up to 3%, amounting to no more than 268,810 shares [7] - Fulai New Materials' shareholder plans to reduce its stake by up to 1.33%, not exceeding 376,250 shares [8] Legal Matters - The shares held by major shareholder Wen Jianping of Bihuiyuan, totaling 37.4495 million shares, will be publicly auctioned on August 4-5, 2025 [10]

Company Focus - Postal Savings Bank plans to invest 10 billion yuan to establish China Post Financial Asset Investment Co., Ltd [2] - Anker Innovation is currently researching and evaluating equity financing in the Hong Kong capital market [2] - Hoshine Silicon Industry's controlling shareholder intends to transfer 5.08% of the company's shares to Xiao Xiukun for a total price of 2.634 billion yuan [2] - Shantui Co., Ltd. plans to issue H-shares and list on the Hong Kong Stock Exchange [2] Investment & Contracts - Jindi Co., Ltd. signed an industrial project investment contract with the Bishan District government for no less than 1.5 billion yuan [2] - Tuoxin Pharmaceutical intends to increase capital by 10 million yuan in Jingsan Biological, which has achieved the preparation of high-purity ergotamine [2] Equity Changes - Wuchan Huaneng plans to acquire 100% equity of Nantah Lake Technology for 1.457 billion yuan [3] - A shareholder of Aisecurity plans to reduce their holdings by no more than 3% of the company's shares [2] Performance & Earnings - Tiande Yu expects a net profit of 152 million yuan for the first half of the year, a year-on-year increase of 50.89% [4] - Pinming Technology anticipates a year-on-year net profit increase of 232%-303% for the first half of 2025 [4] Contracts & Project Wins - Pinggao Electric won a project from the State Grid with a total amount of approximately 1.45 billion yuan [4] Financing & Capital Increase - Shangwei Co., Ltd. plans to issue shares to its controlling shareholder Fuhua Chemical to raise no more than 1.144 billion yuan [2] Stock Price Movements - Zhongchen Technology's revenue from humanoid robot-related products accounts for no more than 1% of total revenue [2]

Group 1 - Postal Savings Bank plans to invest 10 billion yuan to establish China Post Financial Asset Investment Co., with a registered capital of 10 billion yuan, aiming to enhance comprehensive service capabilities and support technological innovation and private enterprises [1] - Tuo Xin Pharmaceutical intends to increase capital by 10 million yuan in Jiangsu Jin San Biotechnology Co., acquiring a 1.75% stake, with Jin San successfully producing high-purity ergothioneine for various products [2] - Anker Innovations is researching overseas share issuance to expand its global strategy and enhance brand influence, with no specific plan confirmed yet [3] Group 2 - Hoshine Silicon Industry's controlling shareholder plans to transfer 5.08% of shares to Xiao Xiugan for a total price of 2.634 billion yuan, with no change in control [4] - Zhuhai Guanyu has won a final ruling from the Supreme People's Court, dismissing the lawsuit from ATL, with 14 ATL patents declared invalid and no negative impact on the company's operations [5] - Lixing Co. has terminated the acquisition of Qingdao Feiyan Precision Steel Ball Manufacturing Co. due to failure to reach an agreement, with no adverse effects on its financial status [6] Group 3 - Pinming Technology expects a net profit of 28 million to 34 million yuan for the first half of the year, representing a year-on-year increase of 231.79% to 302.89% [7] - Tiande Yu's performance report anticipates a net profit of 152 million yuan for the first half, up 50.89% year-on-year [7] - Huahong Technology reports normal operations with no undisclosed significant matters [8]

Group 1 - Meidi Technology plans to acquire 100% equity of Haisholi and INNOWAVE VIETNAM for a total of 2 billion KRW, which is approximately 219.47 million USD, allowing direct entry into Samsung's supply chain [3] - Toxin Pharmaceutical will increase its investment in Jiangsu Jinsan Biotechnology by 10 million CNY, acquiring a 1.75% stake, as Jinsan has successfully produced high-purity ergot sulfur [4] - Zhejiang Energy Power reported a power generation of 78.848 billion kWh in the first half of the year, a year-on-year increase of 4.48%, attributed to increased electricity demand in Zhejiang province [5] Group 2 - Tiande Yu expects a net profit of 152 million CNY for the first half of 2025, a year-on-year increase of 50.89%, driven by the growth in high-refresh-rate mobile display driver chips [7] - Pinming Technology anticipates a net profit increase of 231.79% to 302.89% for the first half of 2025, due to growth in building information software revenue and effective cost control [8] - *ST Jinglun expects a loss of 19 to 22 million CNY in the first half of 2025, despite a 23.5% increase in revenue to approximately 83 million CNY, as overall gross profit is insufficient to cover expenses [9] Group 3 - Jindi Co. signed an industrial project investment contract with the government of Bishan District, with a total investment of no less than 1.5 billion CNY [11] - Baiyun Electric is expected to win a procurement project from the State Grid worth 164 million CNY, which represents 3.28% of the company's audited revenue for 2024 [13] Group 4 - Fulei New Materials' shareholder plans to reduce its stake by up to 1.33%, amounting to a maximum of 3.7625 million shares [15] - Wind God Co. plans to raise no more than 1.1 billion CNY through a private placement for a project aimed at enhancing the capacity and efficiency of high-performance giant engineering tires [17]

Group 1 - Tiande Yu achieved a net profit of 1.52 billion yuan in the first half of 2025, a year-on-year increase of 50.89% [1] - Tiande Yu's operating income for the same period was 12.08 billion yuan, reflecting a growth of 43.35% year-on-year [1] - Fule New Materials plans to reduce its shareholding by up to 1.33%, amounting to 376.25 million shares, due to personal funding needs [1] - Jindi Co. signed an industrial project investment contract with a total investment of no less than 1.5 billion yuan [1] Group 2 - Tuo Xin Pharmaceutical intends to invest 10 million yuan in Jiangsu Jinsan Biotechnology, acquiring a 1.75% stake [1] - Pinming Technology expects a net profit of 28 million to 34 million yuan for the first half of 2025, a year-on-year increase of 231.79% to 302.89% [4] - Shuanglin Co. anticipates a net profit of 251 million to 310 million yuan, representing a growth of 1% to 25% year-on-year [7] Group 3 - Kangxino received approval for clinical trials of its trivalent poliovirus vaccine [8] - Bailian Co. signed a land storage compensation contract worth approximately 2 billion yuan [9] - Wukuang Development plans to issue short-term financing bonds and medium-term notes totaling up to 2 billion yuan each [10] Group 4 - Hengxin Life intends to invest 10 million yuan in a targeted equity investment [12] - Hengyin Technology expects a net profit of 13.5 million to 16.2 million yuan, marking a turnaround from losses [14] - *ST Jinglun anticipates a net loss of 19 million to 22 million yuan for the first half of 2025 [15] Group 5 - Baiyun Electric won a bid for a State Grid project worth 164 million yuan [16] - Zhejiang Energy completed a power generation of 788.48 billion kWh in the first half of 2025, a year-on-year increase of 4.48% [17] - Sheneng Co. reported a power generation of 259.51 billion kWh, a decrease of 1.7% year-on-year [19] Group 6 - Hengerd signed a strategic cooperation framework agreement with Tiangong International [21] - Baotai's application for the listing of Golimumab injection has been accepted by the FDA [23] - Yishitong received a government subsidy of 2 million yuan [24] Group 7 - Jinggong Steel signed a contract worth approximately 550 million yuan for the Jeddah Stadium project in Saudi Arabia [26] - Zhongwang Software received a government subsidy of 28 million yuan [27] - Rongxin Culture used idle funds of 100 million yuan to purchase financial products [29] Group 8 - Lingxiao Pump Industry invested 80 million yuan in financial products [31] - China Pacific Insurance reported a total original insurance premium income of 282 billion yuan from its subsidiaries [32] - Kema Technology expects a net profit of 165 million to 175 million yuan, a year-on-year increase of 18.59% to 25.77% [32] Group 9 - Qujiang Cultural Tourism anticipates a net loss of approximately 13 million to 16.9 million yuan [32] - Daoshi Technology expects a net profit of 220 million to 238 million yuan, a year-on-year increase of 98.77% to 115.03% [32] - Baicheng Medicine forecasts a net profit decline of 95.53% to 100% [33] Group 10 - Bertley plans to invest 198 million yuan to establish a partnership for investments in emerging fields [34] - China Merchants Highway announced the resignation of its chairman due to reaching retirement age [35] - Overseas Chinese Town A reported a 29% decrease in contract sales amount in June [36]

[Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) Puming Technology anticipates substantial growth in net profit and non-recurring net profit for the first half of 2025, with specific forecast details provided [Performance Forecast Period](index=1&type=section&id=(I)%20Performance%20Forecast%20Period) This performance forecast covers Puming Technology's semi-annual operating results from January 1, 2025, to June 30, 2025 - The performance forecast period is from **January 1, 2025, to June 30, 2025**[2](index=2&type=chunk) [Specifics of Performance Forecast](index=1&type=section&id=(II)%20Specifics%20of%20Performance%20Forecast) Puming Technology expects significant growth in net profit attributable to parent company shareholders and net profit after deducting non-recurring gains and losses for the first half of 2025 Key Performance Indicators for H1 2025 Performance Forecast | Indicator | Estimated Amount (CNY 10,000) | Year-on-Year Growth Rate | | :--- | :--- | :--- | | Net profit attributable to parent company shareholders | 2,800.00 - 3,400.00 | 231.79% - 302.89% | | Net profit after deducting non-recurring gains and losses | 2,330.00 - 2,930.00 | 606.77% - 788.77% | [Unaudited Performance Forecast](index=1&type=section&id=(III)%20Unaudited%20Performance%20Forecast) The data disclosed in this performance forecast has not been audited by a certified public accountant - This performance forecast has not been audited by a certified public accountant[4](index=4&type=chunk) [Prior Period Performance](index=1&type=section&id=II.%20Prior%20Period%20Performance) This section details Puming Technology's key financial performance metrics for the first half of the previous year, including revenue and various profit figures [Key Financial Data for Prior Period](index=1&type=section&id=Key%20Financial%20Data%20for%20Prior%20Period) In the first half of 2024, the company achieved operating revenue of CNY 185.1725 million, net profit attributable to parent company shareholders of CNY 8.4390 million, and earnings per share of CNY 0.11 Key Financial Data for H1 2024 | Indicator | Amount (CNY 10,000) | | :--- | :--- | | Operating Revenue | 18,517.25 | | Total Profit | 789.73 | | Net profit attributable to parent company shareholders | 843.90 | | Net profit attributable to parent company shareholders after deducting non-recurring gains and losses | 329.67 | | Earnings Per Share | 0.11 (CNY) | [Main Reasons for Performance Change in Current Period](index=1&type=section&id=III.%20Main%20Reasons%20for%20Performance%20Change%20in%20Current%20Period) The company's improved performance is attributed to optimized business structure, enhanced cost control, and better accounts receivable management [Business Structure Optimization and Revenue Growth](index=1&type=section&id=Business%20Structure%20Optimization%20and%20Revenue%20Growth) The company actively seized industry development opportunities, achieving growth in revenue from its construction informatization software business and an increase in its revenue proportion - Revenue from the construction informatization software business increased, and its proportion of total revenue grew, driving continuous business structure optimization[6](index=6&type=chunk) [Cost Control and Efficiency Improvement](index=2&type=section&id=Cost%20Control%20and%20Efficiency%20Improvement) The company continued to implement its "elite talent" plan, effectively controlling costs through personnel structure optimization, leading to year-on-year decreases in both R&D and selling expenses - The company continued to implement its "elite talent" plan, effectively controlling costs through personnel structure optimization during the reporting period[7](index=7&type=chunk) - Research and development expenses and selling expenses both decreased year-on-year[7](index=7&type=chunk) [Improvement in Accounts Receivable Management](index=2&type=section&id=Improvement%20in%20Accounts%20Receivable%20Management) The company continuously strengthened accounts receivable management, improving collection efficiency and consequently reducing impairment losses on accounts receivable - The company continuously strengthened accounts receivable management, leading to improved collection efficiency[7](index=7&type=chunk) - Impairment losses on accounts receivable decreased year-on-year[7](index=7&type=chunk) [Risk Warning](index=2&type=section&id=IV.%20Risk%20Warning) This section highlights the inherent uncertainty of the unaudited performance forecast and advises caution regarding the preliminary nature of the data [Performance Forecast Uncertainty and Audit Status](index=2&type=section&id=Performance%20Forecast%20Uncertainty%20and%20Audit%20Status) As of the announcement date, there are no significant uncertainties affecting the accuracy of this performance forecast, but it has not been audited by a certified public accountant - As of the announcement date, there are no significant uncertainties affecting the accuracy of this performance forecast[8](index=8&type=chunk) - This performance forecast has not been audited by a certified public accountant[8](index=8&type=chunk) [Other Explanatory Matters](index=2&type=section&id=V.%20Other%20Explanatory%20Matters) This section clarifies that the provided forecast data is preliminary and subject to the final official semi-annual report, along with a general investment risk warning [Final Data Subject to Formal Report](index=2&type=section&id=Final%20Data%20Subject%20to%20Formal%20Report) The forecast data are preliminary, and specific financial figures will be subject to the company's officially disclosed 2025 semi-annual report - The forecast data are preliminary, and specific financial figures will be subject to the company's officially disclosed 2025 semi-annual report[9](index=9&type=chunk) [Investment Risk Warning](index=2&type=section&id=Investment%20Risk%20Warning) The company reminds investors to be aware of investment risks and make prudent decisions - Investors are advised to be aware of investment risks[9](index=9&type=chunk)

Core Viewpoint - The company expects a significant increase in net profit for the first half of 2025, projecting a year-on-year growth of 231.79% to 302.89% compared to the same period in the previous year [1] Financial Projections - The projected net profit attributable to the parent company for January 1 to June 30, 2025, is estimated to be between 28 million to 34 million yuan, an increase of 19.56 million to 25.56 million yuan from 8.439 million yuan in the same period last year, representing a growth of 231.79% to 302.89% [1] - The expected net profit attributable to the parent company after deducting non-recurring gains and losses is forecasted to be between 23.3 million to 29.3 million yuan, which is an increase of 20.0033 million to 26.0033 million yuan from 3.2967 million yuan in the same period last year, indicating a year-on-year growth of 606.77% to 788.77% [1]

Core Viewpoint - The AI glasses concept has seen a significant surge, with companies like Zhili Fang experiencing over a 10% increase in stock price following the announcement of Xiaomi's AI glasses launch [1] Group 1: Market Reaction - Zhili Fang's stock rose by more than 10% during the trading session [1] - Other companies in the sector, including Hao Shang Hao, Pinming Technology, and others, also saw their stock prices increase [1] Group 2: Product Launch - Xiaomi officially announced that it will unveil its "next-generation personal smart device," which is the Xiaomi AI glasses, on the evening of June 26 [1] - Rokid Glasses, the world's first mass-produced consumer-grade AI+AR glasses, officially began mass production on June 24, with 250,000 global pre-orders already secured [1] - The Rokid product has achieved a breakthrough in domestic production across the entire supply chain [1]