Tianqin Equipment(SZ:300922) Xin Lang Cai Jing·2025-09-15 12:18Core Viewpoint - The company is addressing concerns regarding its declining net profit margin and is implementing strategies to enhance profitability through product optimization, cost control, and innovation [1]. Group 1: Profitability and Future Outlook - The company acknowledges a decrease in net profit margin due to changes in product structure, fluctuations in raw material prices, and increased expenses related to stock options and strategic investments [1] - Management is focused on improving performance by optimizing product structure, enhancing cost control, and extending the value chain [1]. Group 2: Financing and M&A Strategy - The company is evaluating its refinancing plan based on its development status, market conditions, and industry trends [2] - In line with national policies encouraging mergers and acquisitions, the company is actively seeking quality assets in the military industry chain, new materials, and advanced manufacturing [2]. Group 3: Emerging Market Expansion - The company is exploring applications of engineering plastics and polyester in artificial intelligence and humanoid robotics [3] - There is an ongoing effort to investigate the use of polymer and composite materials in unmanned aerial vehicles and intelligent robotic systems [3]. Group 4: Industrial Park and Performance Sustainability - The new industrial park project is progressing well, with all main structures completed and expected to be operational by the end of 2025 [4] - The company believes in the growth potential of the military industry and aims to achieve sustainable development through customer demand exploration and new product development [4]. Group 5: Investor Relations and Competitive Advantage - The company prioritizes investor protection and communication, maintaining a commitment to accurate information and shareholder returns [5] - The core competitive advantage lies in advanced processing and application technologies for polymer materials in the military sector, with plans to expand into civilian markets [5].