Core Viewpoint - Anji Technology is focusing on enhancing the self-sufficiency of core raw materials through research and development, aiming to improve product performance and ensure long-term supply reliability [1][2] Group 1: Company Strategy - The company is accelerating the establishment of self-controllable supply capabilities for core raw materials, optimizing product performance to enhance competitiveness [1] - Anji Technology is committed to high-tech barrier, high growth rate, and high-function materials research and industrialization, adhering to a strategy of "rooted in China, serving globally" [2] Group 2: Product Development - The company has successfully developed multiple silicon sol applications that are now in mass production and contributing to sales growth [1] - Through self-research and construction, Anji Technology has strengthened its capability in the preparation of cerium oxide particles, with several products passing client verification and achieving mass supply [1]

Group 1: Haida Group - Haida Group has set short-term and medium-term goals for its feed business, targeting an increase of 3 million tons by 2025 and 51.5 million tons by 2030 [1] - The company emphasizes the importance of core technological capabilities, particularly in breeding technology, farming models, and feed technology [1] - The overseas strategy focuses on Southeast Asia, Africa, and South America, with capital expenditures aimed at overseas capacity construction and domestic equipment upgrades [1] - The company is exploring a light-asset, low-risk pig farming model and aims to maintain procurement advantages through technological research and development [1] - In aquaculture, factory-based shrimp farming will be a key focus, with plans for future expansion [1] - The company anticipates distributing 1.8 billion yuan in cash dividends for the fiscal year 2024 [1] Group 2: Jingsheng Technology - Jingsheng Technology experienced profit declines in Q4 2024 and Q1 2023 due to changes in product sales structure and reduced gross margins in the photovoltaic business [2] - The company is responding to these challenges by enhancing automation levels in control systems and advancing equipment upgrades [2] - Despite the profit decline, R&D expenses for 2024 are expected to increase by 16.39% compared to 2023, as the company views R&D investment as essential for enhancing core competitiveness [2] - The company aims to balance long-term investments with short-term benefits through cost optimization and efficiency improvements [2] - Jingsheng Technology plans to focus on top-tier enterprise clients in the silicon carbide industry to help them enhance market competitiveness while exploring other product demands [2] Group 3: Anji Technology - Anji Technology continues to invest in R&D in the fields of electroplating solutions and additives, with local production progressing smoothly in 2024 [3] - The company reports significant growth in functional wet electronic chemicals, particularly in post-etching and post-polishing cleaning solutions, with an increased proportion of advanced process products [3] - Anji Technology adheres to a globalization strategy, with ongoing collaboration projects with overseas clients [3] - The company expects an improvement in gross margins in 2024 due to product diversification and enhanced production efficiency [3] - In Q1 2025, revenue may not align with some clients' performance due to a broad business scope and low customer concentration, leading to cautious demand outlook in the second half of the year [3] - The company is strengthening its ability to supply core raw materials independently to enhance product stability and competitiveness [3]

Group 1: Anji Technology - Anji Technology continues to research and develop in the fields of electroplating solutions and additives, with smooth progress in local production for 2024 [1] - Significant growth in functional wet electronic chemicals, particularly in post-etch cleaning and post-polishing cleaning solutions, with an increase in the proportion of advanced process products [1] - The company adheres to a globalization strategy, with normal development of overseas customer cooperation projects [1] - The gross margin is expected to improve in 2024 due to product diversification and enhanced production efficiency [1] - Revenue in Q1 2025 may not align with some customers' performance due to broad business scope and low customer concentration, leading to cautious demand outlook in the second half of the year [1] - The company is strengthening its core raw material supply capabilities to ensure stability and competitiveness [1] Group 2: Haineng Industrial - Haineng Industrial has established a factory in Vietnam since 2018 to mitigate the impact of US tariffs, primarily handling export orders to the US [2] - The company focuses on technological innovation in mid-to-high-end fully functional sweeping and mopping robots, addressing issues like hair entanglement and smart cleaning [2] - To improve profitability, the company plans to enhance the scale of its incubated product lines and pursue vertical integration [2] - Projected revenue for 2024 is 2.213 billion yuan, representing a year-on-year growth of 16.26%, while Q1 2025 revenue is expected to reach 679 million yuan, a 66.60% increase [2] - New product categories such as cleaning robots, smart security products, and energy storage systems have achieved initial breakthroughs [2] - Future profit growth will depend on product line expansion and achieving scale, particularly in gaming power supplies, smart security, cleaning robots, and energy storage systems [2] - The chairman believes that faster speeds, higher power, and smarter technological breakthroughs will drive the development of the electronics industry [2] Group 3: Company Overview - Shenzhen Kaifeng Investment Management Co., Ltd. is a macro-hedge fund management company investing in global commodities, bonds, equity assets, and derivatives [3] - The company is a member of the China Fund Industry Association and the China Futures Association, with private fund management qualifications approved by the China Securities Investment Fund Association [3] - Kaifeng Investment has received multiple awards for its performance and scale in the domestic market, including "2014 Golden Bull Private Fund Management Company (Macro Futures Strategy)" [3] - The company emphasizes the investment philosophy of "details hide industrial codes, research discovers value core," focusing on macro and industrial fundamental research [3] - The research covers major trading varieties in domestic and international futures markets, utilizing in-depth industry chain research and quantitative methods to assist trading decisions [3] - In 2016, the company aimed to strengthen communication and cooperation with real enterprises, providing comprehensive solutions including industry consulting and cooperative hedging [3]