Zhengye Technology(SZ:300410) Xin Lang Zheng Quan·2025-09-19 10:41Core Viewpoint - Guangdong Zhengye Technology Co., Ltd. held a performance briefing on September 19, 2025, addressing investor concerns regarding performance, dividends, and business cooperation [1] Summary by Relevant Categories Revenue Expectations - The company indicated that it is currently unable to provide specific revenue forecasts for the full year or the third quarter of 2025, pending the release of the quarterly and annual reports [1] Dividend Situation - The company stated that it has not distributed dividends for the past 5-6 years due to negative retained earnings, making it impossible to implement dividends at this time [1] Business Cooperation - The company did not confirm whether its 12-inch wafer defect detection equipment has passed mass production testing with SMIC, and stated that it currently does not have a partnership with Shenzhen South Circuit [1] Stock Price and Performance - The company acknowledged that its stock price is below the cost of its state-owned major shareholder and performance expectations, attributing this to multiple factors in the secondary market. It aims to align market value with intrinsic value through performance improvement and governance optimization [1] Main Business Progress - In the first half of 2025, the company achieved revenue of 376.52 million yuan, a year-on-year increase of 7.71%. The revenue breakdown includes: - Flat panel display module automation business: 107.82 million yuan, up 88.19% - X-ray detection automation business: 83.71 million yuan, up 83.36% - High-end new materials business: 113.24 million yuan, up 6.81% [1] Shareholder Information - As of September 10, 2025, the number of shareholders was reported at 47,505, with no updated information available as of September 19 [1] Debt Management - The company is addressing debt issues by cleaning up loss-making enterprises and idle assets, promoting business development, and increasing efforts to collect accounts receivable. The debt-to-asset ratio decreased from 85.85% at the end of 2024 to 84.54% as of June 30, 2025. Additionally, the company plans to issue shares to its controlling shareholder to raise funds and reduce the debt-to-asset ratio [1] Business Layout - The company primarily provides products and services for industries such as lithium batteries, PCB, and flat panel displays, while actively expanding into new fields like semiconductors, although the scale of semiconductor business remains small. Future focus will be on "industrial inspection intelligent equipment," enhancing technology, consolidating industry position, and exploring opportunities in emerging fields [1]