Core Viewpoint - The company announced that it will include SinoGaode in its consolidated financial statements starting from the second quarter of 2025, indicating a strategic expansion and growth potential in its operations [2] Company Developments - SinoGaode has obtained a first-tier supplier code from a major North American client as of June 2024, allowing it to participate in the development of projects set for mass production in 2025 [2] - The mass production phase of the project has already commenced, with product yield and capacity steadily increasing as the project progresses [2] - The current yield has reached the level anticipated by the company and its client at the beginning of the year, suggesting operational efficiency and alignment with expectations [2] Future Outlook - The company expects a further release of performance in the second half of 2025, driven by the ongoing success of SinoGaode's projects [2] - SinoGaode is actively involved in the development of other new projects for its clients, which, if progressed smoothly, are anticipated to positively impact the company's performance in 2026 [2] - Specific project details remain confidential due to a non-disclosure agreement signed with the client [2]

Core Viewpoint - The company, JieBang Technology, announced its capabilities in the research and production of components related to foldable screens and tablets, as well as VC (Vapor Chamber) heat spreaders, indicating a strong position in these emerging technology sectors [2] Group 1 - The company has the research and production capabilities for foldable screens and tablet-related structural components [2] - The company has ongoing project reserves in these areas, suggesting potential future growth and innovation [2] - Specific clients cannot be disclosed due to confidentiality agreements, indicating a focus on maintaining client relationships and proprietary information [2]

Group 1 - The company announced that it will allocate part of its raised funds to the "Precision Metal Etching Component Construction Project" as part of its strategic goals involving Sino-Gaode [2] - The company's current debt ratio is at a relatively healthy level, indicating room for bank loans and other debt financing [2] - The company may consider a targeted stock issuance for equity financing if future business development requires it, as disclosed in the announcement to shareholders [2] Group 2 - The main customer, referred to as Customer A, constitutes a significant portion of the company's revenue, primarily from smartphone and computer products [2] - The company is currently collaborating with META on new product NPI development, focusing on smart wearable products [2] - Other clients, such as Amazon and Google, are involved in smart home product categories [2]

Group 1 - The core point of the news is that Jiebang Technology's stock price has decreased by 5.35%, currently trading at 117.31 yuan per share, with a total market capitalization of 8.5 billion yuan [1] - Jiebang Technology, established on June 28, 2007, is located in Dongguan, Guangdong Province, and specializes in customized precision functional and structural components, providing a range of services including product design, material selection, mold design, trial production, testing, and mass production [1] - The revenue composition of Jiebang Technology is primarily from precision manufacturing products (92.70%), followed by new materials (5.79%) and other supplementary products (1.51%) [1] Group 2 - In terms of fund holdings, Invesco Great Wall Fund has a significant position in Jiebang Technology, with its fund holding 109,700 shares, representing 3.17% of the fund's net value, making it the seventh-largest holding [2] - The Invesco Great Wall Small and Medium Cap Select Stock A fund has a total size of 274 million yuan and has achieved a year-to-date return of 20.44%, ranking 2414 out of 4222 in its category [2] - The fund has a one-year return of 36.29%, ranking 2555 out of 3781, and a cumulative return since inception of 227.54% [2] Group 3 - The fund managers of Invesco Great Wall Small and Medium Cap Select Stock A are Zhang Jing and Liu Lisi, with Zhang having a tenure of 14 years and 113 days and a best fund return of 223.26% during his tenure [3] - Liu Lisi has a tenure of 292 days with a best fund return of 18.88% [3]

Group 1 - The core viewpoint of the article is that Jiebang Technology's acquisition of Sainogao is a strategic move to enter the thermal management sector [1] - The company is currently coordinating with its North American clients and the U.S. R&D team [1] - Due to the typical peak season for consumer electronics in the second half of the year, the company expects Sainogao's performance to further improve in the second half of 2025 [1]

Company Overview - The company aims to become a trusted provider of precision manufacturing and new material application solutions, focusing on advanced precision manufacturing and new material R&D [2][3]. - The main products include precision functional parts and structural components used in consumer electronics and new energy lithium batteries [3]. Financial Performance - The company achieved a revenue of CNY 437.56 million, with a year-on-year growth of 27.51% [3]. - The net profit attributable to shareholders was -CNY 38.02 million, with a net profit of -CNY 30.09 million after deducting share-based payment expenses [3]. - The gross margin increased by 1.51% year-on-year [3]. R&D Investment - R&D expenses amounted to CNY 38.13 million, representing 8.71% of total revenue [3]. - Continuous high-intensity R&D investment is aimed at enhancing core competitiveness and responding to customer customization needs [3]. Strategic Acquisitions - The company acquired 51% of Sainuo Gaode, enhancing its business scope and customer structure [4]. - As of the report date, the company holds 49.90% of Sainuo Gaode's shares, which has been included in the consolidated financial statements [4]. Business Expansion - The company is actively developing new business areas, including CCS modules for lithium batteries and high-specific surface area carbon black products [6]. - Sainuo Gaode has achieved a supplier code from a major North American client, indicating progress in the heat dissipation component sector [7]. Inventory and Asset Management - The company recorded an inventory impairment loss of CNY 31.52 million, primarily due to poor quality during the ramp-up phase of production [8]. - The company is cautious in managing its assets and has a healthy debt ratio, allowing for potential financing opportunities [11]. Client Relationships - Major clients include Apple, Amazon, SONOS, META, and Google, with a focus on smart devices and home products [11]. - The company is working on new product development with META and has secured supplier codes for various high-profile clients [11].

Core Viewpoint - The company, Jiebang Technology (301326.SZ), has reported that its production and operations are progressing smoothly, and the ongoing US-China trade negotiations have not impacted the stability of its orders [1] Group 1: Company Operations - The company is maintaining a balanced approach in overseas customer service, overseas capacity layout, and domestic customer expansion [1] - Jiebang Technology has established a production base in Vietnam and has subsidiaries in the United States, Hong Kong, and Singapore for trade and customer engagement [1]

Core Viewpoint - Jebang Technology (301326.SZ) has announced that its important client, Sainogao, has entered the mass production phase for the VC uniform heat plate project, with product yield and capacity steadily increasing as the project progresses [1] Group 1 - The VC uniform heat plate project by Sainogao has reached mass production [1] - The product yield has improved and is now at the level expected by the company and its client at the beginning of the year [1] - The capacity of Sainogao's products is also increasing alongside the project development [1]

Group 1 - The company is currently progressing in its production and operations in an orderly manner [1] - The US-China trade tensions have not affected the stability of the company's orders [1] - The company will continue to monitor the international macroeconomic situation and balance its overseas customer service, overseas capacity layout, and domestic customer expansion [1] Group 2 - The company has established a production base in Vietnam and has subsidiaries in the United States, Hong Kong, and Singapore for trade and customer engagement [1]

Group 1 - The core viewpoint of the article highlights that Jiebang Technology (301326.SZ) has announced that its important client, Sainogao, has entered the mass production phase for the VC uniform heating plate project [1] - Sainogao's product yield and production capacity have been steadily increasing as the project progresses, with the yield now reaching the level anticipated by the company and its client at the beginning of the year [1]