Group 1 - The company Nanshan Zhishang announced on August 28 that it has developed a competitive advantage in large-scale production of ultra-high molecular weight polyethylene fiber products, covering specifications from 100D to 2400D and 26cN/dtex to 43cN/dtex [2] - The tendon-related products mainly include round ropes with diameters ranging from 0.5mm to 3mm and flat ropes of 4mm, which are suitable for humanoid robot dexterous hands and joints, as well as medical devices [2] - These products meet the demands for small size and high reliability in connection and traction applications [2]

（文章来源：证券日报） 证券日报网讯南山智尚8月28日发布公告，在公司回答调研者提问时表示，在新材料业务领域，公司于 国内外市场均配备专业销售团队，始终以技术研发与客户需求定制为核心，持续开拓销售渠道、扩大市 场份额、提升销售额。国内市场拓展方面，公司聚焦客户需求，提供全方位定制服务，确保产品精准适 配客户使用场景；同时定期回访客户、收集反馈，不断优化产品与服务，由此与众多企业建立起长期稳 定的合作关系，有力推动公司市场份额稳步增长。海外市场拓展方面，公司充分借鉴传统业务在海外市 场积累的销售经验，积极推进新材料海外销售渠道的布局工作。 ...

Core Viewpoint - Nanshan Zhishang announced on August 28 that its market expansion in the ultra-high molecular weight polyethylene fiber business is driven by customer demand, leading to significant growth in export business and an increase in global market share [1] Group 1 - The company emphasizes a customer-centric approach by flexibly adjusting order specifications and optimizing product compatibility to meet diverse customer needs [1] - Strengthening cooperation with upstream and downstream partners is a key strategy for the company [1] - Continuous improvement in product performance and international market recognition has significantly boosted the company's export business [1]

Core Insights - The company announced on August 28 that it has established long-term stable partnerships with suppliers in its new materials business to optimize procurement costs and enhance procurement efficiency [1] - The company is strengthening supply chain management to ensure the stability of raw material quality and supply, strictly adhering to relevant quality standards [1] - Leveraging its advantages in the textile and apparel industry chain, the company has significantly improved raw material procurement efficiency, bargaining power, and production response speed, building a strong core competitiveness [1] - The company is actively introducing green procurement concepts, prioritizing the use of environmentally friendly additives and renewable resources to reduce carbon footprints in production processes, thereby ensuring high product quality and sustainability [1]

Core Viewpoint - Nanshan Zhishang announced on August 28 that nylon fibers possess high tensile strength, heat resistance, abrasion resistance, and corrosion resistance, making them widely applicable in civilian sectors, particularly in the textile and apparel industry [1] Group 1: Product Applications - Nylon fibers are used in ultra-light windbreakers, jackets, down jackets, quick-dry clothing, thermal clothing, casual jackets, sportswear, outdoor tents, sleeping bags, mountaineering bags, body shapers, and sports underwear [1] Group 2: Future Development - The company plans to expand its research and development into emerging fields such as robot shells, electronic skin, and the integration of fabrics with sensors, leveraging the high strength and lightweight characteristics of nylon [1]

Core Viewpoint - Nanshan Zhishang has established a fully integrated operational system for its wool textile business, covering the entire supply chain from high-quality wool sourcing to the production of fine fabrics and garments, effectively meeting the luxury fabric market demand [1] Group 1 - The company sources high-quality wool from Australia, ensuring premium raw materials for its production [1] - Nanshan Zhishang's operations include processes such as combing wool, spinning, weaving, and dyeing, which contribute to the production of fine fabrics [1] - The company emphasizes collaborative research and development between fabrics and garments, providing a one-stop efficient service from raw materials to end products for global customers [1]

Core Viewpoint - Nanshan Zhishang emphasizes its commitment to providing reasonable returns to investors through a stable and proactive dividend distribution policy, having established a shareholder dividend return plan for the next three years (2023-2025) [1] Summary by Relevant Sections - **Dividend Distribution Plan** - For the first half of 2025, the company plans to distribute a cash dividend of 0.40 yuan (including tax) for every 10 shares based on a total share capital of 506,134,427 shares, minus 5,369,100 shares held in the company's repurchase account, resulting in a base of 500,765,327 shares [1] - The total dividend distribution is expected to be 20,030,613.08 yuan, which represents 26.66% of the net profit attributable to shareholders of the listed company for the first half of 2025 [1]

Core Viewpoint - Nanshan Zhishang focuses on technological iteration and market trends in its ultra-high molecular weight polyethylene fiber business, actively developing new products to meet the demands of emerging fields [1] Group 1: Business Strategy - The company is responding to the demand for high-performance tendons in the robotics sector by strategically developing related products [1] - Nanshan Zhishang is committed to continuous research and development to adapt to industry dynamics and enhance its core competitiveness [1] Group 2: Market Response - The company aims to provide tailored solutions that meet the material upgrade requirements of downstream industries, thereby promoting innovation and development [1]

Group 1 - The company Nanshan Zhishang announced on August 28 that its ultra-high molecular weight polyethylene fiber achieved operating revenue of 88.0619 million yuan in the first half of 2025, representing a year-on-year growth of 2.61% [1] - The gross profit margin for the same product was reported at 27.15%, which is an increase of 12.98% year-on-year [1]

Dividend Policy - The company plans to distribute a cash dividend of 0.40 CNY per 10 shares, totaling approximately 20,030,613.08 CNY, which represents 26.66% of the net profit attributable to shareholders for the first half of 2025 [2]. Product Performance - The revenue from ultra-high molecular weight polyethylene fiber reached 88.06 million CNY in the first half of 2025, marking a year-on-year growth of 2.61%, with a gross margin of 27.15%, up by 12.98% [12]. - The company has improved the first-class rate of ultra-high molecular weight polyethylene fiber products, enhancing customer trust and market expansion [2]. Market Expansion - The company is focusing on the domestic and international markets, with a strategy to provide customized services and maintain long-term partnerships to boost market share [10]. - The demand for ultra-high molecular weight polyethylene fiber in the civilian and military sectors is steadily increasing, with significant growth expected in humanoid robotics applications [4]. Research and Development - The company is actively developing high-performance nylon fibers with applications in robotics, including features like flame retardancy, UV resistance, and antibacterial properties [9]. - Continuous innovation in product specifications and production processes is aimed at meeting the evolving needs of the robotics industry [13]. Supply Chain Management - The company has established stable relationships with suppliers to optimize procurement costs and ensure the quality and stability of raw materials [6]. - A green procurement approach is being adopted to reduce the carbon footprint and enhance product sustainability [6]. Strategic Focus - The company's strategic framework emphasizes traditional woolen clothing as the foundation while expanding into new material fibers as a growth driver [11].