Xin Lang Cai Jing·2025-10-17 12:56Core Insights - Qingdao Zhenghe Industrial Co., Ltd. recently hosted an offline research event with two institutions, Zheshang Securities and CICC, focusing on the company's operations and future development plans [1][2]. Group 1: Business Performance - In the first half of 2025, the company's revenue reached 905 million yuan, representing a year-on-year growth of 7.18%. The revenue breakdown includes 526 million yuan from vehicle chain systems (up 7.25%), 158 million yuan from agricultural machinery chain systems (up 12.51%), and 152 million yuan from industrial equipment chain systems (up 9.15%) [2]. Group 2: Research and Development - The company increased its R&D investment to 39.21 million yuan in the first half of 2025, focusing on key projects such as lightweight drive chains for GP series locomotives and specialized saw chains. The high-end chain-based intelligent equipment project was included in the 2025 Shandong Province Enterprise Technology Innovation Project Plan. During this period, the company filed 45 new patent applications and received 27 patent grants, totaling 323 domestic authorized patents (including 69 invention patents) [2]. Group 3: Strategic Initiatives - The company is exploring the robotics sector with its micro chain system project, which focuses on dexterous hand transmission technology and is currently in the early stages of technical exploration and reserves. Future plans include developing integrated hardware and software solutions to expand from a single micro chain system to dexterous hand applications [2]. - The automotive chain system, centered on engine chain assemblies, is widely used in passenger vehicle hybrid engine timing systems. The industrial chain system products serve as general basic components, creating a product matrix that meets diverse industry needs [2]. - The company's future strategic plan emphasizes agricultural machinery chain systems and motorcycle chain systems as core businesses, while industrial chain systems and automotive chain systems are identified as growth areas. The agricultural cutting system is categorized as a seed business, with a goal to provide high-quality products and services globally through a "triangular service model" [2].