新劲刚：目前公司生产经营秩序井然，核心业务稳步推进

Core Viewpoint - The company, Xin Jing Gang, is maintaining stable operations and progressing steadily in its core business, with no significant adverse changes in its fundamentals [1] Group 1: Business Operations - The company's production and operational order is orderly, and all business segments are progressing according to annual plans [1] - The construction of the RF microwave industrialization base is advancing as scheduled, with the new factory building having completed its topping-out phase, though it has not yet been officially delivered [1] - The company aims to accelerate the construction pace to achieve production as soon as possible, with specific completion and production timelines to be announced once disclosure standards are met [1] Group 2: Financial Performance - The company has not achieved a simultaneous breakthrough in revenue in recent years, primarily due to factors other than insufficient capacity or a single customer structure [1] - New orders (including formal contracts and intended orders) have significantly increased year-on-year for the first three quarters of 2025, although the revenue recognition has been impacted by extended contract approval cycles from some clients due to short-term adjustments in downstream industries [1] - The situation regarding revenue recognition has shown gradual improvement since the third quarter, but it has not been fully resolved [1] Group 3: Future Outlook - The company will continue to monitor the progress of order fulfillment and revenue recognition to safeguard the interests of the company and its investors [1]