Core Viewpoint - The company, Jiao Cheng Ultrasonic, reported significant growth in revenue and net profit for the first half of 2025, driven by increased sales in ultrasonic equipment for the new energy battery and connector sectors. Financial Performance - The company achieved operating revenue of 323 million yuan, a year-on-year increase of 32.50% [1] - The total profit reached 60.71 million yuan, with a net profit attributable to shareholders of 58.04 million yuan, reflecting a remarkable year-on-year growth of 1005.12% [1] Business Operations - Jiao Cheng Ultrasonic specializes in ultrasonic technology solutions, focusing on the research, design, production, and sales of ultrasonic welding, cutting, and testing equipment [1] - The company’s products are primarily used in the new energy and semiconductor sectors, including ultrasonic welding equipment for new energy batteries and connector welding [1] Product Development and Innovation - The company has enhanced its ultrasonic welding vibration monitoring systems and laser welding quality monitoring systems to address challenges in new energy battery welding [1] - In the connector field, the company introduced a vibration monitoring system for terminal welding, which addresses shortcomings in traditional quality management [2] - The company successfully delivered advanced ultrasonic scanning microscopes for semiconductor packaging and received formal orders for ultrasonic bonding machines [2] Research and Development - Research and development expenditures amounted to 75.58 million yuan, representing a 5.46% increase year-on-year and accounting for 23.41% of operating revenue [2] - The company has been actively recruiting high-end professionals in the semiconductor field, with R&D personnel now comprising 37.54% of the total workforce [2] Incentive Mechanism - The company completed the grant of reserved restricted stock under the 2024 incentive plan, with a grant date set for March 31, 2025, for up to 60 individuals [3] Market Opportunities - The company is leveraging the recovery in demand within the lithium battery industry and is expanding its business in the connector and semiconductor sectors [3]

Core Insights - The company reported a significant increase in revenue and net profit for the first half of 2025, with revenue reaching 323 million yuan, a year-on-year growth of 32.50%, and net profit of 58.04 million yuan, a remarkable increase of 1005.12% [2] Group 1: Business Performance - The company continues to excel in the ultrasonic technology sector, achieving rapid growth in various fields such as new energy batteries, semiconductors, and connector harnesses [2][3] - In the new energy battery sector, the company maintains a leading position with products like ultrasonic welding vibration monitoring systems and laser welding quality monitoring systems achieving bulk shipments [3] - The company has expanded its market share in the connector harness sector by collaborating with well-known clients in the electric vehicle and energy storage markets [3] Group 2: Technological Advancements - The company has made significant breakthroughs in the semiconductor field, successfully replacing imported equipment with its own ultrasonic scanning microscope for defect detection [4] - The company is focusing on advanced packaging technologies, with successful deliveries of ultrasonic scanning microscopes and orders for ultrasonic die bonders [4] - The company has introduced various ultrasonic welding and detection equipment for non-metal applications, catering to customer needs in composite materials and high-end plastics [4] Group 3: Research and Development - The company invested 75.58 million yuan in R&D in the first half of 2025, accounting for 23.41% of its revenue, and has a total of 336 authorized patents [5] - The R&D team has grown to 318 members, representing 37.54% of total employees, providing strong technical support for business expansion [5] Group 4: Financial Performance - The company's gross profit margin improved to 65.25%, an increase of 15.40 percentage points year-on-year, attributed to product structure optimization and cost control [6] - The company completed a cash dividend of 39.49 million yuan for the 2024 fiscal year and has established a shareholder return plan for the next three years [6]

一、复牌 1、中国船舶：已刊登异议股东收购请求权申报结果，股票复牌。 二、并购、定增 1、爱柯迪：拟发行股份及支付现金购买卓尔博71%股权。 2、引力传媒：拟定增募资不超过4.7亿元，用于全球社交营销云项目、内容创意云项目、补充流动资 金。 三、回购 1、山东玻纤：将股份回购价格上限由5.41元/股调整为10.22元/股。 2、二连板新天药业：正在筹划对参股公司汇伦医药追加股权投资。 3、特变电工：拟发行可转债募资不超过80亿元，用于准东20亿Nm3/年煤制天然气项目。 4、久吾高科：拟发行可转债募资不超过5.04亿元，用于班戈错盐湖年产2000吨氯化锂中试生产线BOT 项目、特种无机膜组件及装置生产线项目、补充流动资金。 5、蔚蓝锂芯：控股子公司淮安光电在马来西亚进行LED项目建设投资，项目总投资8388万美元，新建 LED CSP项目；项目全部建成达产后，预计将形成700KK芯片点测分选及CSP芯片封装月产能。 2、海正生材：拟将回购股份价格上限由12元/股（含）调整为17元/股（含），并同时对回购实施期限 延长6个月，延长至2026年2月27日止。 四、对外投资 1、景嘉微：拟2.2亿元增资诚恒微成为其 ...

Core Viewpoint - The company reported significant growth in both revenue and net profit for the first half of 2025, indicating strong performance in its product segments [1] Financial Performance - The company's operating revenue reached 323 million yuan, representing a year-on-year increase of 32.50% [1] - The net profit attributable to shareholders was 58.03 million yuan, showing a remarkable year-on-year growth of 1005.12% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 46.27 million yuan [1] - Basic earnings per share were reported at 0.52 yuan [1] Product Segments - Revenue from the company's new energy battery ultrasonic equipment, harness connector ultrasonic equipment, and accessory sales increased during the reporting period [1]

Core Viewpoint - The company, Jiao Cheng Ultrasonic, reported significant growth in its financial performance for the first half of 2025, driven by demand recovery in the lithium battery industry and expansion into new business areas [1] Financial Performance - The company achieved operating revenue of 323 million yuan, representing a year-on-year increase of 32.50% [1] - The net profit attributable to shareholders reached 58.04 million yuan, showing a remarkable year-on-year growth of 1005.12% [1] - Basic earnings per share were reported at 0.52 yuan [1] Business Development - The company leveraged its advanced ultrasonic technology platform to capitalize on market opportunities arising from the recovery in the lithium battery sector [1] - Continuous efforts were made to expand into online connector and semiconductor sectors, contributing to the overall positive business development [1]

Core Viewpoint - The company, Jiao Cheng Ultrasound (688392.SH), announced an increase in its cash management limit to RMB 400 million, allowing for the temporary use of idle raised funds for cash management purposes, with a maximum limit of RMB 1 billion and a usage period not exceeding 12 months [1] Group 1 - The company plans to ensure that the increase in cash management does not affect the normal execution of its fundraising investment plans [1] - The funds can be used on a rolling basis within the specified limit and time frame [1]

Overview - The company announced a provision for asset impairment totaling 14.8432 million yuan for the first half of 2025, reflecting a cautious approach to accurately represent its financial status as of June 30, 2025 [1][2]. Asset Impairment Provision Details - The total impairment provision includes: - Credit impairment losses of 3.5837 million yuan for receivables [2]. - Asset impairment losses of 11.2595 million yuan, which includes inventory write-downs and contract asset impairments [2]. - The provision will reduce the company's consolidated profit before tax by 14.8432 million yuan [2]. Decision-Making Process - The Audit Committee supported the provision, stating it aligns with the principles of prudence and complies with accounting standards [3]. - The Board of Directors approved the asset impairment provision during a meeting held on August 18, 2025, confirming it accurately reflects the company's financial condition [4].

Group 1 - The company Shanghai Jiao Cheng Ultrasonic Technology Co., Ltd. will hold a half-year performance briefing on August 28, 2025, from 10:00 to 11:00 AM [1][2] - The meeting will take place at the Shanghai Stock Exchange Roadshow Center and will be conducted in an interactive online format [1][2] - Investors can submit questions from August 21 to August 27, 2025, and the company will address commonly asked questions during the briefing [1][2] Group 2 - Key participants in the meeting will include the Chairman and General Manager Mr. Zhou Hongjian, Vice General Manager and Board Secretary Mr. Sun Kai, and Independent Director Mr. Yang Xiaowei [2] - Investors can join the meeting online through the Shanghai Stock Exchange Roadshow Center website [2] - After the briefing, investors can access the meeting's main content and details on the Shanghai Stock Exchange Roadshow Center [3]

Core Viewpoint - The company aims to enhance shareholder value and achieve high-quality development through its "Quality Improvement and Efficiency Enhancement Action Plan" for 2025, focusing on core business operations and innovation. Group 1: Business Operations and Market Expansion - The company specializes in the research, design, production, and sales of ultrasonic equipment, targeting applications in industries such as new energy batteries, semiconductors, and medical technology [1][2] - In the first half of 2025, the company achieved a revenue of 322.79 million yuan, representing a year-on-year growth of 32.50%, and a net profit attributable to shareholders of 58.04 million yuan, up 1,005.12% year-on-year [1] - The company has expanded its market share in the new energy battery sector by leveraging its core technology and addressing customer needs, resulting in successful product launches and increased sales [2] Group 2: Innovation and R&D - The company invested 75.58 million yuan in R&D, accounting for 23.41% of its revenue, and has obtained 336 valid patents and 62 software copyrights as of June 30, 2025 [5] - The company has a strong R&D team with 318 personnel, representing 37.54% of its total workforce, and has increased its recruitment of specialized talent by 10.03% [5] - The company is focusing on advancing ultrasonic technology in various applications, including semiconductor packaging and non-metal welding, with significant progress in product development [6] Group 3: Financial Management and Efficiency - The company improved its financial management through cost control and inventory turnover optimization, achieving a gross profit margin of 65.25%, an increase of 15.40 percentage points year-on-year [6] - The company reported a cash management income of 5.88 million yuan in the first half of 2025, ensuring stable financial returns [6] Group 4: Shareholder Returns and Corporate Governance - The company emphasizes shareholder returns and has established a three-year shareholder return plan (2025-2027) to balance operational growth and investor returns [7] - The company completed the grant of restricted stock to 60 incentive targets as part of its incentive plan, aligning the interests of management and shareholders [8] - The company is committed to enhancing its corporate governance by revising its governance structure and improving compliance with legal regulations [9] Group 5: Investor Relations and Communication - The company actively engages with investors through various channels, including performance briefings and investor meetings, to enhance transparency and communication [10] - The company has organized multiple investor meetings to discuss its operational performance and business developments, fostering a positive relationship with its investors [10]

Group 1 - The company held its second board meeting on August 18, 2025, where it approved the adjustment of the Strategic Committee members [1] - On August 8, 2025, the company held a staff representative meeting, electing Mr. Duan Zhongfu as a representative director [1] - The adjustment of the Strategic Committee aims to improve the corporate governance structure and ensure the committee's proper operation [1] Group 2 - Mr. Duan Zhongfu will serve on the Strategic Committee alongside Mr. Zhou Hongjian (Chairman) and Ms. Sui Hongyan [1] - The term of the newly adjusted Strategic Committee members will last until the end of the current board's term [1]