Group 1 - The core viewpoint of the article highlights the financial performance of the company, JuLi Rigging, in its 2025 semi-annual report, showcasing significant growth in both revenue and net profit [1] Group 2 - The company achieved an operating income of 1.14 billion yuan, representing a year-on-year increase of 17.45% [1] - The net profit attributable to shareholders of the listed company was 9.35 million yuan, reflecting a substantial year-on-year growth of 137.21% [1]

Core Viewpoint - The company plans to invest 100 million RMB to establish a wholly-owned subsidiary, Jieli Rigging Marine Technology (Tianjin) Co., Ltd, aiming to enhance its industrialization and scale effects in the marine engineering equipment sector [1] Summary by Relevant Categories Investment and Expansion - The investment of 100 million RMB is intended to boost the company's capabilities in the marine engineering equipment field [1] - Establishing the subsidiary is expected to create a core competitive advantage through efficient service and cost advantages [1] Financial Impact - The company believes that this investment will not adversely affect its financial and operational performance [1] - There are no concerns regarding the potential harm to the interests of the company and its shareholders, particularly minority shareholders [1]

[Important Notes, Table of Contents, and Definitions](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA%E3%80%81%E7%9B%AE%E5%BD%95%E5%92%8C%E9%87%8A%E4%B9%89) [Important Notes](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The Board of Directors, Supervisory Board, and senior management guarantee the report's accuracy and completeness, advising investors to review risk factors and noting no interim dividend or capital increase plans - The Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content[5](index=5&type=chunk) - The report advises investors to pay special attention to the risk factors described in "Section III Management Discussion and Analysis," "X. Risks Faced by the Company and Countermeasures"[6](index=6&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period[7](index=7&type=chunk) [Table of Contents](index=3&type=section&id=%E7%9B%AE%E5%BD%95) This report's clear table of contents outlines nine main chapters, providing comprehensive information from important notes to financial statements - The report comprises nine main chapters, ranging from important notes to financial reports and supplementary data[9](index=9&type=chunk) [Reference Documents](index=4&type=section&id=%E5%A4%87%E6%9F%A5%E6%96%87%E4%BB%B6%E7%9B%AE%E5%BD%95) Reference documents include the signed semi-annual report, financial statements, original disclosure files, and other materials, available at the Board Office - Reference documents include the full semi-annual report and financial statements signed by the legal representative and stamped with the company seal[12](index=12&type=chunk) - Reference documents also include originals of all company files and announcements publicly disclosed in designated newspapers by the CSRC during the reporting period[12](index=12&type=chunk) - All reference documents are available for inspection at the company's Board of Directors Office[11](index=11&type=chunk) [Definitions](index=5&type=section&id=%E9%87%8A%E4%B9%89) This section defines common terms, clarifying that "Company" refers to Julisling Co., Ltd., and key concepts like controlling shareholder and reporting period Key Definitions | Term | Definition | | :--- | :--- | | Company, This Company, Julisling | Julisling Co., Ltd. | | Juli Group, Controlling Shareholder | Juli Group Co., Ltd. | | This Reporting Period, Within the Reporting Period | January-June 2025 | [Company Profile and Key Financial Indicators](index=6&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) [Company Profile](index=6&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B) Julisling Co., Ltd. (stock code: 002342) is listed on the Shenzhen Stock Exchange, with Yang Jianguo as legal representative Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Julisling | | Stock Code | 002342 | | Listing Exchange | Shenzhen Stock Exchange | | Chinese Name | Julisling Co., Ltd. | | Legal Representative | Yang Jianguo | [Contact Person and Information](index=6&type=section&id=%E4%BA%8C%E3%80%81%E8%81%94%E7%B3%BB%E4%BA%BA%E5%92%8C%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) This section provides detailed contact information for Board Secretary Zhang Yun and Securities Affairs Representative Cai Liuyang for investor communication Contact Information | Position | Name | Contact Address | Phone | Fax | Email | | :--- | :--- | :--- | :--- | :--- | :--- | | Board Secretary | Zhang Yun | Juli Road, Xushui District, Baoding, Hebei Province | 0312-8608520 | 0312-8608980 | zhangyun@julisling.com | | Securities Affairs Representative | Cai Liuyang | Juli Road, Xushui District, Baoding, Hebei Province | 0312-8608520 | 0312-8608980 | caily@julisling.com | [Other Information](index=6&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E6%83%85%E5%86%B5) The company's contact information, disclosure locations, and other relevant data remained unchanged during the reporting period, consistent with the 2024 annual report - The company's registered address, office address, website, email, and other contact information remained unchanged during the reporting period[18](index=18&type=chunk) - Information disclosure and storage locations remained unchanged during the reporting period[19](index=19&type=chunk) - Other relevant information showed no changes during the reporting period[20](index=20&type=chunk) [Key Accounting Data and Financial Indicators](index=6&type=section&id=%E5%9B%9B%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In H1 2025, revenue grew by **17.45%**, net profit attributable to shareholders surged by **137.21%**, and non-recurring net profit increased by **450.30%**, indicating significantly improved profitability Key Accounting Data and Financial Indicators for H1 2025 | Indicator | Current Period (Yuan) | Prior Year Period (Yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | **1.14 billion** | 970.62 million | **17.45%** | | Net Profit Attributable to Shareholders | **9.35 million** | 3.94 million | **137.21%** | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | **5.60 million** | -1.60 million | **450.30%** | | Net Cash Flow from Operating Activities | **-42.82 million** | -99.53 million | **56.98%** | | Basic Earnings Per Share (Yuan/share) | **0.0097** | 0.0041 | **136.59%** | | Diluted Earnings Per Share (Yuan/share) | **0.0097** | 0.0041 | **136.59%** | | Weighted Average Return on Net Assets | **0.38%** | 0.16% | **0.22%** | | Indicator | End of Current Period (Yuan) | End of Prior Year (Yuan) | Change from Prior Year-End | | :--- | :--- | :--- | :--- | | Total Assets | **5.38 billion** | 5.11 billion | **5.24%** | | Net Assets Attributable to Shareholders | **2.44 billion** | 2.43 billion | **0.32%** | [Differences in Accounting Data Under Domestic and Overseas Accounting Standards](index=7&type=section&id=%E4%BA%94%E3%80%81%E5%A2%83%E5%86%85%E5%A4%96%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E4%B8%8B%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%B7%AE%E5%BC%82) The company reported no differences in net profit and net assets between international/overseas accounting standards and Chinese accounting standards - The company reported no differences in net profit and net assets between financial reports disclosed under International Accounting Standards and Chinese Accounting Standards during the reporting period[22](index=22&type=chunk) - The company reported no differences in net profit and net assets between financial reports disclosed under overseas accounting standards and Chinese Accounting Standards during the reporting period[23](index=23&type=chunk) [Non-recurring Gains and Losses and Amounts](index=7&type=section&id=%E5%85%AD%E3%80%81%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%8F%8A%E9%87%91%E9%A2%9D) Total non-recurring gains and losses for the period were **3.75 million Yuan**, primarily from non-current asset disposal, government grants, and reversal of impairment Non-recurring Gains and Losses and Amounts | Item | Amount (Yuan) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | **1.44 million** | | Government Grants Included in Current Profit/Loss | **3.11 million** | | Reversal of Impairment Provisions for Receivables Subject to Separate Impairment Testing | **308,463** | | Other Non-operating Income and Expenses Apart from the Above | **-219,349** | | Less: Income Tax Impact | **878,597** | | **Total** | **3.75 million** | - The company has no other profit or loss items that meet the definition of non-recurring gains and losses, nor does it classify non-recurring items as recurring gains and losses[25](index=25&type=chunk) [Management Discussion and Analysis](index=8&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) [Principal Businesses Engaged in by the Company During the Reporting Period](index=8&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) As a leading Chinese rigging enterprise, Julisling saw stable market demand driven by marine engineering, new energy infrastructure, and "Belt and Road" initiatives, enhancing competitiveness through innovation and global expansion - The rigging industry experienced steady growth, benefiting from marine engineering, new energy infrastructure, and "Belt and Road" international cooperation[28](index=28&type=chunk) - The company is a leading enterprise in China's rigging industry, with products covering **10 major categories** and serving over **100 countries and regions** worldwide[29](index=29&type=chunk) - The company's operating model includes multi-channel supplier procurement, order-based and lean production, and a global sales network directly serving end customers[33](index=33&type=chunk)[34](index=34&type=chunk)[35](index=35&type=chunk) - During the reporting period, the company focused on R&D for deep-sea mooring systems and large offshore wind turbine lifting tools, strengthened "Belt and Road" market expansion, promoted comprehensive quality management, and upgraded information technology, including developing 3D automatic generation software[36](index=36&type=chunk)[37](index=37&type=chunk)[38](index=38&type=chunk)[39](index=39&type=chunk)[40](index=40&type=chunk) [Basic Industry Situation](index=8&type=section&id=1%E3%80%81%E6%89%80%E5%A4%84%E8%A1%8C%E4%B8%9A%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) China's rigging industry maintained steady growth, driven by marine engineering, new energy infrastructure, and "Belt and Road" initiatives, with strong demand in emerging sectors - China's rigging industry experienced steady growth, primarily driven by marine engineering, new energy infrastructure, and "Belt and Road" international cooperation[28](index=28&type=chunk) - Market demand structure diversified, with traditional sectors (metallurgy, mining, construction) showing slower growth but large stock, while emerging sectors (wind power, photovoltaic, nuclear power, 5G base stations, UHV, intercity high-speed rail) experienced strong demand growth[28](index=28&type=chunk) [Company's Industry Position](index=8&type=section&id=2%E3%80%81%E5%85%AC%E5%8F%B8%E6%89%80%E5%A4%84%E8%A1%8C%E4%B8%9A%E5%9C%B0%E4%BD%8D) Julisling is a leading Chinese rigging manufacturer with **40 years** of history, extensive product range, global reach, and significant advantages in standard setting, R&D, deep-sea technology, and certifications - The company is a leading enterprise in China's rigging industry, the largest and most comprehensive rigging manufacturer, with products covering over **100 countries and regions** worldwide[29](index=29&type=chunk) - The company led the development of **16 standards** (8 national, 6 industry, 1 local, 1 group) and participated in **49 standards** (20 national, 15 industry, 7 local, 5 group, 2 association)[29](index=29&type=chunk) - The company holds **366 valid patents**, including **66 invention patents** and **300 utility model patents**, and has achieved technological breakthroughs in deep-sea mooring systems[29](index=29&type=chunk) - The company holds multiple system certifications, including quality management, environmental, and occupational health and safety, along with **8 product certifications** (e.g., CE EU, GS Germany) and factory approvals from **8 classification societies**[30](index=30&type=chunk)[31](index=31&type=chunk) [Main Business](index=9&type=section&id=3%E3%80%81%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) The company's main business is the R&D, design, production, and sales of rigging and related products, offering **10 major categories** for diverse industrial applications - The company's main business involves the research, design, production, and sales of rigging and related products[32](index=32&type=chunk) - Key products include **10 major categories**, such as soft slings, chains, wire ropes, cables, and steel tie rods[32](index=32&type=chunk) - Products are widely used in various fields, including steel, metallurgy, mining, marine, power, petroleum, transportation, bridges, aerospace, ports, shipbuilding, and construction machinery[32](index=32&type=chunk) [Operating Model](index=9&type=section&id=4%E3%80%81%E7%BB%8F%E8%90%A5%E6%A8%A1%E5%BC%8F) The company employs diverse procurement methods, order-based and lean production, and a global direct-to-customer sales network offering customized technical solutions with a **2-hour** service radius - Procurement Model: Qualified suppliers are selected through various channels, including public bidding, invited bidding, and competitive negotiation[33](index=33&type=chunk) - Production Model: Leveraging R&D capabilities, the company provides technical solutions based on customer needs, implementing "order-based production" and "lean manufacturing" to minimize inventory[34](index=34&type=chunk) - Sales Model: Over **100 domestic branches** and a global sales network in over **100 countries and regions** directly serve end customers, providing lifting technical solutions with a **2-hour** service radius[35](index=35&type=chunk) [Key Initiatives Undertaken by the Company During the Reporting Period](index=9&type=section&id=5%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%EF%BC%8C%E5%85%AC%E5%8F%B8%E5%BC%80%E5%B1%95%E7%9A%84%E4%B8%BB%E8%A6%81%E5%B7%A5%E4%BD%9C) The company focused on R&D for marine engineering and new energy, expanded global markets with a **115 million Yuan** Saudi stadium project, enhanced quality management, and upgraded information systems for digital product design - Technology R&D and Innovation: Increased investment in R&D for deep-sea mooring systems, large offshore wind turbine lifting tools, O&M products, and initiated cutting-edge projects like new material smart rigging[36](index=36&type=chunk)[37](index=37&type=chunk) - Global Market Expansion: Strengthened international presence, securing the **115 million Yuan** King Fahd Stadium project in Saudi Arabia under the "Belt and Road" initiative[38](index=38&type=chunk) - Comprehensive Quality Management: Formulated the "2025 Quality Management Measures" and established a robust quality improvement mechanism[39](index=39&type=chunk) - Overall Information System Upgrade: Promoted enterprise digital transformation, developed 3D automatic generation software, standardized product design parameters, and optimized production processes and product design[40](index=40&type=chunk) [Analysis of Core Competencies](index=10&type=section&id=%E4%BA%8C%E3%80%81%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) Julisling's core competencies remained stable, highlighted by strong R&D, leading manufacturing scale, advanced testing, comprehensive certifications, global market reach, and a reputable "China Well-known Trademark" brand - The company's core competencies remained largely unchanged, primarily reflected in six major advantages: technology, manufacturing, testing, qualifications, market, and brand[41](index=41&type=chunk) - Technological Advantage: Possesses a national-level enterprise technology center, **366 valid patents** (**66 invention patents**), and leads/participates in the formulation of multiple national and industry standards[41](index=41&type=chunk)[42](index=42&type=chunk) - Manufacturing Advantage: Operates one of the largest rigging production bases in China, offering a complete range of product specifications and models, with multiple advanced production lines[43](index=43&type=chunk) - Testing Advantage: Features a CNAS-accredited specialized rigging testing and experimental center, equipped with advanced testing capabilities such as large-tonnage tensile testing[44](index=44&type=chunk) - Qualification Advantage: Obtained multiple quality management system certifications, **8 product certifications**, and factory approvals from **8 classification societies**, and has repeatedly received the Hebei Provincial Government Quality Award[45](index=45&type=chunk) - Market Advantage: Products are positioned in the mid-to-high-end market, with a marketing network covering China and **7 major international markets** (Europe, America, Australia, Japan, Korea, Southeast Asia), where strategic and key customers contribute **70% of sales**[46](index=46&type=chunk)[47](index=47&type=chunk) - Brand Advantage: The "Juli" trademark is recognized as a "China Well-known Trademark," enjoying high reputation domestically and internationally, with a mission to "create the world's best all-round rigging to make the world easier"[48](index=48&type=chunk) [Analysis of Main Business](index=12&type=section&id=%E4%B8%89%E3%80%81%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) In H1 2025, main business revenue grew by **17.45%** to **1.14 billion Yuan**, driven by textile, general equipment, and metal products, with domestic sales up **18.40%** and exports up **12.26%**, while operating costs increased **22.15%** due to accounting adjustments Year-on-Year Changes in Key Financial Data | Indicator | Current Period (Yuan) | Prior Year Period (Yuan) | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | **1.14 billion** | 970.62 million | **17.45%** | - | | Operating Cost | **934.77 million** | 765.27 million | **22.15%** | Financial software upgrade, transportation costs reclassified to operating cost | | Selling Expenses | **77.42 million** | 101.19 million | **-23.49%** | Financial software upgrade, transportation costs reclassified to operating cost | | Income Tax Expense | **-344,757** | -849,251 | **59.40%** | Increase in taxable income | | Net Cash Flow from Operating Activities | **-42.82 million** | -99.53 million | **56.98%** | Increase in cash received from sales of goods and services | Composition of Operating Revenue (by Industry, Product, Region) | Category | Item | Current Period Amount (Yuan) | Proportion of Operating Revenue | YoY Change | | :--- | :--- | :--- | :--- | :--- | | **By Industry** | Textile Industry | **192.63 million** | **16.90%** | **25.55%** | | | Metal Products Industry | **450.69 million** | **39.54%** | **10.23%** | | | General Equipment Manufacturing | **422.54 million** | **37.06%** | **15.87%** | | **By Product** | Synthetic Fiber Lifting Slings and Rigging | **192.63 million** | **16.90%** | **25.55%** | | | Wire Ropes and Wire Rope Rigging | **337.11 million** | **29.57%** | **6.41%** | | | Engineering and Metal Rigging | **515.90 million** | **45.26%** | **18.26%** | | **By Region** | Exports | **167.64 million** | **14.70%** | **12.26%** | | | Domestic Sales | **972.37 million** | **85.30%** | **18.40%** | Changes in Gross Profit Margin of Main Business | Category | Item | Gross Profit Margin | Change in Gross Profit Margin YoY | | :--- | :--- | :--- | :--- | | **By Industry** | Textile Industry | **31.80%** | **-0.03%** | | | Metal Products Industry | **13.46%** | **-3.33%** | | | General Equipment Manufacturing | **14.03%** | **-7.85%** | | **By Product** | Synthetic Fiber Lifting Slings and Rigging | **31.80%** | **-0.03%** | | | Wire Ropes and Wire Rope Rigging | **12.12%** | **-4.07%** | | | Engineering and Metal Rigging | **15.09%** | **-6.34%** | | **By Region** | Exports | **23.47%** | **1.51%** | | | Domestic Sales | **17.06%** | **-3.95%** | [Analysis of Non-Main Business](index=14&type=section&id=%E5%9B%9B%E3%80%81%E9%9D%9E%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) Non-main business activities impacted total profit, with positive investment income offset by significant asset and credit impairment losses, particularly **-101.25%** from credit impairment due to bad debt provisions Non-Main Business Profit and Loss | Item | Amount (Yuan) | Proportion of Total Profit | Reason for Formation | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | **46,657** | **0.52%** | Income generated by investee companies | Yes | | Asset Impairment | **-823,237** | **-9.14%** | Provision for inventory depreciation | No | | Non-operating Income | **34,313** | **0.38%** | Non-operating income | No | | Non-operating Expenses | **259,414** | **2.88%** | Asset write-off losses, late payment fees | No | | Credit Impairment Loss | **-9.12 million** | **-101.25%** | Provision for bad debts | No | | Gains/Losses on Asset Disposal | **1.44 million** | **16.01%** | Gains from asset disposal | No | [Analysis of Assets and Liabilities](index=14&type=section&id=%E4%BA%94%E3%80%81%E8%B5%84%E4%BA%A7%E5%8F%8A%E8%B4%9F%E5%80%BA%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) As of the reporting period, total assets grew **5.24%** to **5.38 billion Yuan**, with inventory up **2.01%** and construction in progress up **1.20%**, while contract liabilities increased **1.61%** and long-term borrowings decreased **4.07%**, indicating optimized debt structure Significant Changes in Asset Composition | Item | Amount at End of Current Period (Yuan) | Proportion of Total Assets | Change in Proportion | | :--- | :--- | :--- | :--- | | Cash and Bank Balances | **556.77 million** | **10.35%** | **-1.72%** | | Accounts Receivable | **1.26 billion** | **23.41%** | **-0.28%** | | Inventories | **976.05 million** | **18.14%** | **2.01%** | | Fixed Assets | **1.39 billion** | **25.79%** | **-1.94%** | | Construction in Progress | **240.42 million** | **4.47%** | **1.20%** | | Short-term Borrowings | **717.22 million** | **13.33%** | **-0.51%** | | Contract Liabilities | **188.77 million** | **3.51%** | **1.61%** | | Long-term Borrowings | **233.49 million** | **4.34%** | **-4.07%** | - The company had no significant overseas assets during the reporting period[62](index=62&type=chunk) - The company had no assets or liabilities measured at fair value during the reporting period[62](index=62&type=chunk) - As of the end of the reporting period, information on restricted assets of the Group can be found in Financial Report Note VII 31[62](index=62&type=chunk) [Analysis of Investment Status](index=15&type=section&id=%E5%85%AD%E3%80%81%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) The company made no significant equity, non-equity, securities, or derivative investments, nor did it utilize any raised funds during the reporting period - The company had no significant equity investments, non-equity investments, securities investments, or derivative investments during the reporting period[62](index=62&type=chunk)[63](index=63&type=chunk) - The company had no utilization of raised funds during the reporting period[64](index=64&type=chunk) [Significant Asset and Equity Sales](index=15&type=section&id=%E4%B8%83%E3%80%81%E9%87%8D%E5%A4%A7%E8%B5%84%E4%BA%A7%E5%92%8C%E8%82%A1%E6%9D%83%E5%87%BA%E5%94%AE) The company did not sell any significant assets or equity during the reporting period - The company did not sell any significant assets during the reporting period[66](index=66&type=chunk) - The company did not sell any significant equity during the reporting period[67](index=67&type=chunk) [Analysis of Major Holding and Participating Companies](index=17&type=section&id=%E5%85%AB%E3%80%81%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) The company's subsidiaries include profitable Julisling Research Institute (Tianjin) Co., Ltd. (**4.89 million Yuan** net profit) and Julisling (Henan) Co., Ltd. (**1.29 million Yuan** net profit), while others like Julisling Shanghai and Julisling USA incurred losses Operating Performance of Major Subsidiaries | Company Name | Company Type | Main Business | Registered Capital (Yuan) | Total Assets (Yuan) | Net Assets (Yuan) | Operating Revenue (Yuan) | Operating Profit (Yuan) | Net Profit (Yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Julisling Shanghai Co., Ltd. | Subsidiary | Production, processing, sales of slings, machinery, and heavy tools | **30 million** | 26.21 million | 25.06 million | 4.19 million | -1.21 million | **-1.21 million** | | Julisling America Co., Ltd. | Subsidiary | Production and sales of petroleum industry products | 5.40 million | 6.05 million | 1.50 million | 0.00 | -1.02 million | **-1.02 million** | | Julisling Europe Co., Ltd. | Subsidiary | Production, sales, testing, trading, import/export of lifting and handling tools | 18.85 million | 63,486 | -16.54 million | 0.00 | 50,235 | **50,235** | | Shanghai Pujiang Cable Engineering Co., Ltd. | Subsidiary | Installation of lifting equipment, prestressed engineering, technology consulting, etc. | **10 million** | 8.93 million | -4.50 million | 1.42 million | -1.57 million | **-1.58 million** | | Xushui County Julisling Steel Structure Engineering Co., Ltd. | Subsidiary | Steel structure engineering, manufacturing and sales of steel products, machinery, etc. | **36 million** | 46.92 million | 43.75 million | 159,292 | -458,873 | **-437,092** | | Baoding Julisling Heating Co., Ltd. | Subsidiary | Heat production and supply, engineering design, equipment maintenance, sales of ash slag, etc. | **5 million** | 37.11 million | 36.36 million | 1.13 million | -58,795 | **-63,231** | | Hebei Julisling Emergency Equipment Technology Co., Ltd. | Subsidiary | Production and sales of emergency equipment and related products | **100 million** | 75.05 million | 39.56 million | 9.82 million | -1.19 million | **-1.36 million** | | Julisling Research Institute (Tianjin) Co., Ltd. | Subsidiary | R&D, design, manufacturing, sales of slings and related products | **35 million** | 91.95 million | 40.86 million | 12.25 million | 6.44 million | **4.89 million** | | Julisling (Henan) Co., Ltd. | Subsidiary | Manufacturing and sales of metal wire ropes, tools, materials, etc. | **330 million** | 947.05 million | 323.17 million | 207.57 million | 1.32 million | **1.29 million** | | Julisling R&D Center (Shenzhen) Co., Ltd. | Subsidiary | R&D of marine engineering equipment, new materials, technical services, etc. | **10 million** | 796,974 | 203,998 | 187,280 | -194,743 | **-194,743** | | Julisling (Hainan) Co., Ltd. | Subsidiary | Processing of mechanical parts, manufacturing of marine transportation equipment, etc. | **10 million** | 72,403 | 72,392 | 0.00 | -958 | **-938** | - The company's consolidated scope had no newly added subsidiaries during the reporting period[73](index=73&type=chunk) [Information on Structured Entities Controlled by the Company](index=20&type=section&id=%E4%B9%9D%E3%80%81%E5%85%AC%E5%8F%B8%E6%8E%A7%E5%88%B6%E7%9A%84%E7%BB%93%E6%9E%84%E5%8C%96%E4%B8%BB%E4%BD%93%E6%83%85%E5%86%B5) The company did not control any structured entities during the reporting period - The company had no controlled structured entities during the reporting period[75](index=75&type=chunk) [Risks Faced by the Company and Countermeasures](index=20&type=section&id=%E5%8D%81%E3%80%81%E5%85%AC%E5%8F%B8%E9%9D%A2%E4%B8%B4%E7%9A%84%E9%A3%8E%E9%99%A9%E5%92%8C%E5%BA%94%E5%AF%B9%E6%8E%AA%E6%96%BD) The company faces macroeconomic, market competition, environmental, safety, and raw material price risks, addressing them through enhanced R&D, technology upgrades, market influence, environmental leadership, safety management, and optimized procurement - Macroeconomic Risk: The company is comprehensively strengthening new product R&D capabilities and technological upgrades to solidify its core competitiveness[75](index=75&type=chunk) - Intensified Market Competition Risk: The company will enhance technological strength and R&D capabilities to facilitate product iteration, thereby increasing market influence and bargaining power[76](index=76&type=chunk) - Environmental Policy Risk: The company will continue to promote standardized safety production management, build a benchmark enterprise for ecological environmental protection, and diligently carry out pollution prevention and control[77](index=77&type=chunk) - Safety Production Risk: The company mitigates risks by fostering safety awareness and culture, establishing a safety management system, implementing risk assessment and control, providing safety training and education, and continuously monitoring and improving safety[78](index=78&type=chunk) - Raw Material Price Fluctuation Risk: The company will respond by promptly understanding market conditions, implementing procurement bidding mechanisms, improving material utilization efficiency, and strictly controlling production costs[79](index=79&type=chunk)[80](index=80&type=chunk) [Formulation and Implementation of Market Value Management System and Valuation Enhancement Plan](index=21&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E5%B8%82%E5%80%BC%E7%AE%A1%E7%90%86%E5%88%B6%E5%BA%A6%E5%92%8C%E4%BC%B0%E5%80%BC%E6%8F%90%E5%8D%87%E8%AE%A1%E5%88%92%E7%9A%84%E5%88%B6%E5%AE%9A%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company did not formulate a market value management system or disclose a valuation enhancement plan during the reporting period - The company did not formulate a market value management system during the reporting period[81](index=81&type=chunk) - The company did not disclose a valuation enhancement plan during the reporting period[81](index=81&type=chunk) [Implementation of "Dual Improvement in Quality and Returns" Action Plan](index=21&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E2%80%9C%E8%B4%A8%E9%87%8F%E5%9B%9E%E6%8A%A5%E5%8F%8C%E6%8F%90%E5%8D%87%E2%80%9D%E8%A1%8C%E5%8A%A8%E6%96%B9%E6%A1%88%E8%B4%AF%E5%BD%BB%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company did not disclose an announcement regarding the "Dual Improvement in Quality and Returns" action plan during the reporting period - The company did not disclose an announcement regarding the "Dual Improvement in Quality and Returns" action plan during the reporting period[81](index=81&type=chunk) [Corporate Governance, Environment, and Society](index=22&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E3%80%81%E7%8E%AF%E5%A2%83%E5%92%8C%E7%A4%BE%E4%BC%9A) [Changes in Directors, Supervisors, and Senior Management](index=22&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) No changes occurred in the company's directors, supervisors, or senior management during the reporting period, as detailed in the 2024 annual report - The company's directors, supervisors, and senior management experienced no changes during the reporting period[84](index=84&type=chunk) [Profit Distribution and Capital Reserve Conversion to Share Capital for the Current Period](index=22&type=section&id=%E4%BA%8C%E3%80%81%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E5%8F%8A%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E8%82%A1%E6%9C%AC%E6%83%85%E5%86%B5) The company plans no interim cash dividends, bonus shares, or capital reserve conversions to share capital - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period[85](index=85&type=chunk) [Implementation of Company Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=22&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E6%9D%83%E6%BF%80%E5%8A%B1%E8%AE%A1%E5%88%92%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E6%88%96%E5%85%B6%E4%BB%96%E5%91%98%E5%B7%A5%E6%BF%80%E5%8A%B1%E6%8E%AA%E6%96%BD%E7%9A%84%E5%AE%9E%E6%96%BD%E6%83%85%E5%86%B5) The company did not implement any equity incentive plans, employee stock ownership plans, or other employee incentive measures during the reporting period - The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures and their implementation during the reporting period[86](index=86&type=chunk) [Environmental Information Disclosure](index=22&type=section&id=%E5%9B%9B%E3%80%81%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%81%AF%E6%8A%AB%E9%9C%B2%E6%83%85%E5%86%B5) The company and its main subsidiary, Julisling Co., Ltd., are on the list of legally required environmental information disclosure enterprises and have published their reports - The listed company and its main subsidiary, Julisling Co., Ltd., are included in the list of enterprises required to disclose environmental information by law[87](index=87&type=chunk) - The company has disclosed its environmental information disclosure report, which can be accessed via the specified index[87](index=87&type=chunk) [Social Responsibility](index=22&type=section&id=%E4%BA%94%E3%80%81%E7%A4%BE%E4%BC%9A%E8%B4%A3%E4%BB%BB%E6%83%85%E5%86%B5) The company adheres to laws, actively fulfills social responsibilities, and fosters win-win relationships with stakeholders by protecting shareholder, employee, customer, and supplier rights, and promoting environmental protection without major violations - The company operates strictly in accordance with laws and regulations, actively fulfills its social responsibilities, and is committed to harmonious win-win cooperation with stakeholders including shareholders, employees, customers, and suppliers[88](index=88&type=chunk) - Protection of Shareholder and Investor Rights: Improved corporate governance structure, timely fulfillment of information disclosure obligations, equal treatment of all shareholders, and focus on investment returns[89](index=89&type=chunk) - Protection of Employee Rights: Complies with labor laws and regulations, standardizes employment, provides welfare benefits, and organizes empowering training for employees[90](index=90&type=chunk) - Protection of Customer and Supplier Rights: Upholds integrity, provides high-quality products and services, and establishes symbiotic and prosperous strategic partnerships[90](index=90&type=chunk) - Environmental Protection: Strictly adheres to environmental laws and regulations, conserves energy, improves resource utilization efficiency, promotes a circular economy, and had no significant environmental violations during the reporting period[91](index=91&type=chunk) [Significant Matters](index=24&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) [Commitments Fulfilled and Overdue Unfulfilled by Controlling Shareholder, Shareholders, Related Parties, Acquirers, and the Company During and as of the End of the Reporting Period](index=24&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E3%80%81%E8%82%A1%E4%B8%9C%E3%80%81%E5%85%B3%E8%81%94%E6%96%B9%E3%80%81%E6%94%B6%E8%B4%AD%E4%BA%BA%E4%BB%A5%E5%8F%8A%E5%85%AC%E5%8F%B8%E7%AD%89%E6%89%BF%E8%AF%BA%E7%9B%B8%E5%85%B3%E6%96%B9%E5%9C%A8%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E5%8F%8A%E6%88%AA%E8%87%B3%E6%8A%A5%E5%91%8A%E6%9C%AB%E8%B6%85%E6%9C%9F%E6%9C%AA%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E7%9A%84%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9) During the reporting period, no commitments by the company's controlling shareholder, shareholders, related parties, acquirers, or the company were fulfilled or overdue - During the reporting period, there were no commitments by the company's controlling shareholder, shareholders, related parties, acquirers, or the company that were either fulfilled or overdue as of the end of the reporting period[95](index=95&type=chunk) [Non-operating Fund Occupation by Controlling Shareholder and Other Related Parties from the Listed Company](index=24&type=section&id=%E4%BA%8C%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%B3%E8%81%94%E6%96%B9%E5%AF%B9%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E7%9A%84%E9%9D%9E%E7%BB%8F%E8%90%A5%E6%80%A7%E5%8D%A0%E7%94%A8%E8%B5%84%E9%87%91%E6%83%85%E5%86%B5) The company had no non-operating fund occupation by its controlling shareholder or other related parties during the reporting period - The company had no non-operating fund occupation by its controlling shareholder or other related parties during the reporting period[96](index=96&type=chunk) [Illegal External Guarantees](index=24&type=section&id=%E4%B8%89%E3%80%81%E8%BF%9D%E8%A7%84%E5%AF%B9%E5%A4%96%E6%8B%85%E4%BF%9D%E6%83%85%E5%86%B5) The company had no illegal external guarantees during the reporting period - The company had no illegal external guarantees during the reporting period[97](index=97&type=chunk) [Appointment and Dismissal of Accounting Firms](index=24&type=section&id=%E5%9B%9B%E3%80%81%E8%81%98%E4%BB%BB%E3%80%81%E8%A7%A3%E8%81%98%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%83%85%E5%86%B5) The company's semi-annual financial report was not audited - The company's semi-annual financial report was not audited[98](index=98&type=chunk) [Explanation by the Board of Directors and Supervisory Board on the "Non-Standard Audit Report" for the Current Period](index=24&type=section&id=%E4%BA%94%E3%80%81%E8%91%A3%E4%BA%8B%E4%BC%9A%E3%80%81%E7%9B%91%E4%BA%8B%E4%BC%9A%E5%AF%B9%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%22%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%22%E7%9A%84%E8%AF%B4%E6%98%8E) As the semi-annual report was unaudited, the Board and Supervisory Board are not required to explain any non-standard audit reports - The company's semi-annual report was unaudited, thus no non-standard audit report exists[99](index=99&type=chunk) [Explanation by the Board of Directors on the "Non-Standard Audit Report" for the Previous Year](index=24&type=section&id=%E5%85%AD%E3%80%81%E8%91%A3%E4%BA%8B%E4%BC%9A%E5%AF%B9%E4%B8%8A%E5%B9%B4%E5%BA%A6%22%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%22%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5%E7%9A%84%E8%AF%B4%E6%98%8E) The Board of Directors is not required to provide an explanation regarding the previous year's non-standard audit report - The Board of Directors is not required to provide an explanation regarding the previous year's non-standard audit report[99](index=99&type=chunk) [Bankruptcy and Reorganization Matters](index=24&type=section&id=%E4%B8%83%E3%80%81%E7%A0%B4%E4%BA%A7%E9%87%8D%E6%95%B4%E7%9B%B8%E5%85%B3%E4%BA%8B%E9%A1%B9) The company had no bankruptcy or reorganization matters during the reporting period - The company had no bankruptcy or reorganization matters during the reporting period[99](index=99&type=chunk) [Litigation Matters](index=24&type=section&id=%E5%85%AB%E3%80%81%E8%AF%89%E8%AE%BC%E4%BA%8B%E9%A1%B9) The

Market Performance - The A-share market experienced rotation and differentiation, with the Shanghai Composite Index breaking through 3700 points, reaching a nearly four-year high [1] - From the low of 2689.7 points on September 18, 2024, to the high of 3704.77 points on August 14, 2025, the A-share market rose over 1000 points within a year [1] Market Trends - In the afternoon session, multiple sectors weakened, with the Shanghai Composite Index closing down 0.46%, the Shenzhen Component Index down 0.87%, and the ChiNext Index down 1.08% [2] - The total market turnover was 2.3 trillion yuan, an increase of 131.1 billion yuan compared to the previous trading day [2] Sector Performance - Sectors such as insurance, brain-computer interfaces, digital currency, and electric motors saw significant gains, while sectors like CPO, copper foil, and lithium mines experienced declines [2] - The marine engineering equipment sector showed notable activity, with Giant Lifting (002342) hitting the daily limit in just three minutes [6] Notable Stocks - Nine leading stocks had a trading volume exceeding 10 billion yuan, with Dongfang Caifu (300059) leading at 18.672 billion yuan, followed by Han's Laser (688256) at 14.035 billion yuan and China Great Wall (000066) at 12.103 billion yuan [4][5] - China Great Wall's stock performance has been noteworthy, ranking fifth on the A-share hot list, with a projected net profit of 100 million to 145 million yuan for the first half of the year, marking a year-on-year increase of 123.72% to 134.40% [10][13] Policy and Industry Insights - The National Development and Reform Commission is focusing on supporting major projects in the marine sector, enhancing technological innovation capabilities in marine science [8][9] - The "Wenhai No. 3" engineering operation ship project has commenced, with a total length of 81.8 meters and a full-load displacement of 3000 tons, expected to be delivered by October 2026 [9] - The domestic liquid cooling supply gap presents opportunities for local suppliers to expand into international markets, with expectations for increased competitiveness and profitability in the long term [14]

Group 1 - The marine economy concept stocks have surged, with Jili Rigging hitting the daily limit, and companies like Tonggong Co. and Shengtong Energy also experiencing gains [1] - The National Development and Reform Commission is collaborating with relevant departments to draft the "14th Five-Year" marine economy development plan, aiming to expedite breakthroughs in several key core technologies [1]

Group 1 - The stock price of Juyi Rigging as of August 12, 2025, is 7.37 yuan, down 1.34% from the previous trading day [1] - The opening price on the same day was 7.51 yuan, with a high of 7.60 yuan and a low of 7.30 yuan, and the trading volume reached 885,664 hands with a total transaction amount of 655 million yuan [1] - On the morning of August 12, Juyi Rigging experienced a rapid rebound, with an increase of over 2% within 5 minutes, peaking at 7.59 yuan and a transaction amount of approximately 89.94 million yuan [1] Group 2 - The main business of Juyi Rigging includes the research, production, and sales of rigging and related products, covering general equipment and the Hebei sector [1] - On August 12, the net outflow of main funds was 67.17 million yuan, with a cumulative net outflow of 28.13 million yuan over the past five days [1]

Group 1 - The Baihetan Hydropower Station is recognized as a model for enhancing infrastructure safety and reliability during the "14th Five-Year Plan" period, described as a national key project capable of withstanding significant natural disasters [1] - Located at the confluence of Ningnan County in Sichuan Province and Qiaojia County in Yunnan Province, the Baihetan Hydropower Station is noted for its technical complexity and is the world's second-largest hydropower station [3] - The station has a total installed capacity of 16 million kilowatts, featuring the world's largest single-unit capacity of 1 million kilowatts, and an average annual power generation of 62.443 billion kilowatt-hours, equivalent to saving over 18 million tons of standard coal and reducing carbon dioxide emissions by over 51 million tons [3][5] Group 2 - Baihetan Dam reaches a maximum height of 289 meters, equivalent to a 100-story building, and employs an arch structure that effectively transmits water pressure to the surrounding mountains, allowing for a more efficient design compared to gravity dams [3] - The dam has achieved six world records, including the largest single-unit capacity, the largest underground cavern group for a hydropower station, and the highest seismic parameters for a 300-meter arch dam [5] - The installation of the turbine rotor, which weighs over 2,000 tons and has a height of approximately 4.1 meters, was supported by specialized lifting equipment produced by Jili Rigging, ensuring the safety and stability of the installation process [7][9] Group 3 - The Baihetan Hydropower Station plays a crucial role in China's energy security strategy, contributing to the "West-to-East Power Transmission" project by delivering green electricity through an ±800 kV ultra-high voltage direct current transmission line [11] - Jili Rigging is committed to supporting the new development stage and contributing to carbon peak and carbon neutrality goals through innovative energy solutions [11]

Group 1 - The company, Juyi Rigging (Henan) Co., Ltd., has obtained a patent for a "stretch testing device for wire rope production," with the patent announcement number CN223205266U and an application date of September 2024 [1] - The patent pertains to a technical field of stretch testing devices, specifically designed to effectively position the end of the wire rope during stretch testing [1] - The company was established in 2021 and is located in Jiaozuo City, primarily engaged in the metal products industry, with a registered capital of 330 million RMB [2] Group 2 - Juyi Rigging (Henan) Co., Ltd. has participated in 20 bidding projects and holds 19 patent records, along with 74 administrative licenses [2]

巨力索具最新一期业绩显示，截至2025一季报，公司营业总收入4.88亿元、同比增长12.44%，归属净利 润598.61万元，同比增长63.30%，扣非净利润547.93万元，同比增长564.75%，流动比率1.438、速动比 率1.031、资产负债率53.76%。 天眼查商业履历信息显示，巨力索具股份有限公司，成立于2004年，位于保定市，是一家以从事金属制 品业为主的企业。企业注册资本96000万人民币，实缴资本30100万人民币。公司法定代表人为杨建国。 金融界消息 截至2025年8月8日收盘，巨力索具（002342）报收于7.51元，上涨3.59%，换手率19.16%， 成交量182.93万手，成交金额13.94亿元。 通过天眼查大数据分析，巨力索具股份有限公司共对外投资了24家企业，参与招投标项目5000次，知识 产权方面有商标信息147条，专利信息735条，此外企业还拥有行政许可66个。 资金流向方面，今日主力资金净流入1.13亿元，占比成交额8.12%。其中，超大单净流入8082.74万元、 占成交额5.8%，大单净流入3241.83万元、占成交额2.33%，中单净流出流出3839.35万元、占 ...

天眼查商业履历信息显示，巨力索具股份有限公司，成立于2004年，位于保定市，是一家以从事金属制 品业为主的企业。企业注册资本96000万人民币，实缴资本30100万人民币。公司法定代表人为杨建国。 通过天眼查大数据分析，巨力索具股份有限公司共对外投资了24家企业，参与招投标项目5000次，知识 产权方面有商标信息147条，专利信息735条，此外企业还拥有行政许可66个。 来源：金融界 资金流向方面，今日主力资金净流入4724.76万元，占比成交额4.9%。其中，超大单净流入5599.92万 元、占成交额5.81%，大单净流出875.16万元、占成交额0.91%，中单净流出流出2717.69万元、占成交 额2.82%，小单净流出2007.06万元、占成交额2.08%。 巨力索具最新一期业绩显示，截至2025一季报，公司营业总收入4.88亿元、同比增长12.44%，归属净利 润598.61万元，同比增长63.30%，扣非净利润547.93万元，同比增长564.75%，流动比率1.438、速动比 率1.031、资产负债率53.76%。 金融界消息 截至2025年8月6日收盘，巨力索具（002342）报收于7.45元 ...