Group 1 - The company is exploring new opportunities in the cooling products sector, particularly in GPU, CPU, optical modules, and servers [2] - The company has successfully shipped cooling modules in bulk to international clients such as AMD and has developed a comprehensive range of cooling solutions including CDU, liquid cooling modules, liquid cooling plates, air cooling modules, heat pipes, uniform heat plates, and graphite sheets [2] - The related business operations are progressing smoothly [2]

Business Overview - The company specializes in the R&D, design, production, and sales of precision functional components, automation equipment, and cooling solutions, with applications in smartphones, tablets, laptops, wearables, servers, graphics cards, data center equipment, communication base stations, photovoltaic solar energy, and new energy vehicles [1] - In 2024, the company achieved a revenue of CNY 818.84 million, representing a year-on-year growth of 22.10%, and a net profit attributable to shareholders of CNY 109.72 million, with a growth of 3.65% [1] Production Capacity and Strategy - The overall production capacity utilization rate is maintained at a reasonable level, with stable operations across production bases. The company plans to adjust capacity based on market demand and order growth in the second half of the year [2] - The company is open to potential mergers and acquisitions, focusing on targets that align with its strategic investment plans and enhance its market share and core competitiveness [3] Use of Funds - The company adopts a cautious approach to the use of excess raised funds, planning to invest based on market conditions and strategic needs. Until specific uses are determined, excess funds will be managed to improve efficiency and returns [4] Cooling Business Applications - The cooling business includes various products such as liquid cooling modules and air cooling modules, primarily focusing on servers and consumer electronics, with some involvement in automotive and energy storage applications [5] Customer Orders and Growth - The company reports a healthy order situation for the first half of 2025, with strategies in place to deepen existing customer relationships and explore new application scenarios to drive growth [6][7] Factory Distribution - Production bases are located in Shenzhen, Dongguan, Meizhou, and Huai'an, each with specific focuses to enhance operational efficiency and economic benefits [8] International Expansion - The company has established branches and production bases in the USA, Vietnam, and Thailand, enhancing its global production capabilities and local customer service [9] Share Buyback Plan - The company announced a share buyback plan of CNY 20-30 million at a price not exceeding CNY 62, emphasizing the importance of market conditions and stock price performance in executing this plan [10]