JINGCHENG MAC(SH:600860) Shang Hai Zheng Quan Bao·2025-11-14 19:20Summary of Key Points Core Viewpoint - The company held a performance briefing on November 14, 2025, to discuss its half-year and third-quarter results, focusing on investor concerns regarding business performance and future strategies [1]. Group 1: Meeting Details - The performance briefing was conducted online via the Shanghai Stock Exchange's "Roadshow Center" platform, attended by the company's management team, including the general manager and financial officers [1]. - The meeting aimed to enhance investor communication and address questions related to the company's performance and operational status [1]. Group 2: Investor Questions and Company Responses - The company recently completed a capital increase for Tianhai Industrial, enhancing its capital strength and focusing on hydrogen energy and natural gas markets. The company aims to optimize its capital structure and improve competitiveness in the hydrogen energy sector [2]. - There are no current plans for the parent company to inject robot-related assets into the listed company, and the company has not received any formal proposals regarding asset injections [3]. - The company does not have plans for mergers and acquisitions at this time, focusing instead on organic growth and maintaining its current business strategy [4]. - Hydrogen energy currently contributes a relatively low but increasing percentage to the company's overall revenue, with ongoing efforts to enhance product competitiveness and profitability [4]. - The company is expanding its hydrogen applications beyond vehicle storage to include industrial storage and other scenarios, aiming to diversify risks and identify new growth points [4]. - To improve cash flow, the company plans to manage accounts receivable and inventory more effectively, emphasizing sales-driven production and customer credit management [4].