Group 1 - The launch of the "Guangxi Agricultural Machinery" mini-program and "Didi Agricultural Machinery" app has successfully attracted over 4,000 users and connected more than 6,000 agricultural machines within just over a month in Laibin City [1][3] - The platforms provide transparent and fair pricing for agricultural machinery, significantly alleviating the challenges faced by sugarcane farmers due to a decreasing labor force [1][3] - Traditional manual harvesting costs between 170 to 180 RMB per ton, while the use of a combine harvester costs around 100 RMB, with the latter capable of harvesting 80 to 100 tons in a day compared to 1 to 1.5 tons by manual labor [3] Group 2 - The introduction of these platforms improves the efficiency of matching agricultural machinery operators with farmers, enhancing resource utilization and encouraging farmers to expand their planting areas [3] - The agricultural machinery sector in Guangxi has rapidly developed, with machinery now covering the entire process from planting to harvesting, particularly in sugarcane production, which accounts for about 60% of the national planting area and sugar output [3] - Electric and partially unmanned sugarcane harvesters have been developed, with low energy consumption and maintenance costs, showcasing advancements in agricultural technology [5][7] Group 3 - The project aims to achieve full automation in the sugarcane production chain, from sowing to pest control and harvesting, focusing on intelligent upgrades of equipment [7][8] - The combine harvester developed by Guangxi Liugong Agricultural Machinery Co., Ltd. is designed to adapt to the small plots of land in Guangxi, featuring navigation and ground contouring capabilities [5]

Group 1: Company Strategy and Market Position - The company is transitioning to become a provider of smart agricultural solutions while also developing new energy products, despite the overall low enthusiasm in the agricultural machinery industry [2] - There are considerations for expanding into emerging fields such as new energy power equipment and agricultural data services, contingent on existing core business consolidation [2] - The company is exploring potential mergers and acquisitions to enhance its supply chain and technical capabilities, particularly in core component integration and overseas channel expansion [3] Group 2: Production and Operational Updates - The Thailand factory officially commenced production on September 16, 2025, and is a key part of the company's global strategy [3] - The company is currently assessing the production capacity utilization and order acquisition of the Thailand facility, with expectations for breakeven and positive contributions to overall performance [3] - The company is advancing the development of AI-enabled agricultural machinery, with prototypes of autonomous systems undergoing testing [5] Group 3: Financial Performance and Future Outlook - The company aims to maintain stable performance growth through innovation in smart agricultural equipment and the introduction of competitive new technologies and products [5] - The Chongqing and Thailand manufacturing bases are set to be fully operational in 2025, alongside the establishment of overseas marketing channels [5] - The company is committed to enhancing its overall competitiveness and will adhere to commitments made during the IPO process [3]