Core Viewpoint - The company plans to invest 150 million yuan in its wholly-owned subsidiary in Singapore to establish a new subsidiary in Saudi Arabia, enhancing its overseas production capacity and mitigating trade risks [2]. Group 1: Investment and Expansion - The company will increase its investment in YINARA GROUP PTE.LTD to 150 million yuan for establishing a subsidiary in Saudi Arabia, focusing on the production and sales of server chassis, cabinets, cooling modules, photovoltaic components, and related energy storage systems [2]. - The establishment of the Saudi subsidiary is aimed at responding to international market changes and enhancing the company's risk resilience [2]. - The company has previously invested in overseas expansions, including a $2 million investment in Singapore and a $9 million increase in its U.S. subsidiary's capital [3]. Group 2: Financial Performance - In 2024, the company's overseas sales revenue is projected to reach 1.34 billion yuan, accounting for 72.69% of total revenue [2]. - The company's revenue from structural components and precision molds reached 861 million yuan and 44.76 million yuan, respectively, in the first half of the year, with year-on-year growth of 27.54% and 128.54% [3]. - Revenue from photovoltaic components and power generation business was 124 million yuan and 12.39 million yuan, respectively, with year-on-year increases of 160.71% and 335.66% [3]. Group 3: Strategic Acquisitions - The company is pursuing the acquisition of a 77.94% stake in a consumer lithium battery company, which will enhance its product value in the laptop supply chain and expand its market presence in consumer electronics [4]. - The acquisition is expected to be completed in the first quarter of 2026, pending regulatory approvals [5].

Core Viewpoint - Jinlang Technology has received approval from the Shenzhen Stock Exchange for its application to issue convertible bonds, aiming to raise no more than 1.677 billion yuan for various projects, including distributed photovoltaic power stations and new inverter projects [1][2] Group 1: Fundraising and Project Details - The company plans to use 354 million yuan of the raised funds to enhance the scale of its distributed photovoltaic power generation business, with a total installed capacity of approximately 120MW [1][2] - The high-voltage large-capacity grid-connected inverter project will receive 333 million yuan, with a production capacity of 25,000 units of inverters above 250kW per year upon full production [2] - The medium and large-capacity hybrid energy storage inverter project will receive 291 million yuan, with a production capacity of 25,000 units of inverters above 20kW per year upon full production [2] Group 2: Industry Trends and Competitive Position - The projects align with the global trend towards high power, intelligent, and integrated energy storage solutions in the photovoltaic industry, enhancing the company's competitive edge [2][3] - The company aims to convert resource advantages into performance returns through the implementation of these projects, thereby improving its overall competitiveness in the photovoltaic industry chain [2]