RFNE(SZ:002366) Xin Lang Zheng Quan·2025-09-12 13:10Core Viewpoint - The company held an online performance briefing on September 12, addressing various investor inquiries regarding technology applications, project status, financial performance, and market expansion strategies [1][2]. Group 1: Technology and Product Applications - Investors inquired about the company's technology and product applications in the military sector, as well as the domestic leadership of SMR small reactor technology, but the company did not provide a clear response [2]. - The company has made advancements in core manufacturing technologies for high-end equipment, transitioning from single material R&D to comprehensive manufacturing capabilities, including technologies for second and third-generation nuclear power main pipelines and key equipment for small reactor nuclear islands [3]. Group 2: Project and Financial Performance - The company indicated that ongoing projects aim to enhance production capacity and optimize manufacturing processes, with updates available in regular reports [2]. - For the first half of the year, the total operating revenue was 338 million yuan, reflecting the operational status during that period, with future performance updates to be disclosed in regular reports [2]. - The management plans to stabilize operations through budget control, market expansion, and accounts receivable collection, addressing the reasons behind the expected losses in the 2025 mid-year report [2]. Group 3: Market Expansion and Orders - The company is actively expanding its market presence in the hydropower sector, leveraging advanced material manufacturing technologies to provide various products [2]. - The company has a sufficient backlog of orders, with all orders progressing according to production plans, although the significant increase in contract liabilities by the end of the third quarter remains unaddressed due to pending performance disclosures [2].