Group 1 - Hongdao Investment recently conducted research on a listed company, Zhongbing Hongjian, focusing on its strategies to leverage national equipment renewal policies and enhance production efficiency [1] - Zhongnan Diamond aims to update and replace old equipment, dynamically adjust capacity, and reduce production costs while maintaining a 100% capacity utilization rate [1] - The company plans to increase R&D investment and collaborative innovation to strengthen its core competitiveness in response to industry competition [1] Group 2 - The special equipment products are primarily focused on meeting the supply guarantee goals for the 14th Five-Year Plan, with contracts signed annually based on actual orders [1] - In the first half of the year, special equipment products were mainly in the preparation stage, with revenue expected to materialize in the second half from contracts signed during the year [1] - The military trade business is conducted by a third-party company and is influenced by international situations and customer demands [1] Group 3 - The company plans to continue increasing capacity construction investments to expand production in the future, as the current utilization rate for special equipment is relatively full [1]

Group 1: Company Strategy and Production Capacity - The company plans to continuously increase the number of presses while optimizing the structure based on market demand and national equipment renewal policies [1] - Current capacity utilization rate is at 100%, with flexible production capabilities for various products including industrial diamonds and synthetic diamonds [1] Group 2: Industry Challenges and Innovations - The fundamental solution to industry "involution" is through technological innovation and developing new production methods [2] - The company is enhancing core competitiveness by increasing R&D investment, collaborating with industry partners, and upgrading equipment [2] Group 3: Future Goals and Deliverables - The primary goal during the 14th Five-Year Plan is to ensure supply, with annual contracts signed based on actual orders [2] - The company anticipates steady growth in deliveries during the 14th Five-Year Plan, with revenue from contracts signed in the current year expected to materialize in the second half [2] Group 4: Military Trade and Equipment Capacity - Military trade operations are conducted by third-party companies, influenced by international situations and customer needs [2] - Current capacity utilization for special equipment is relatively full, with plans to increase capacity in the future [2]