Group 1: Financial Performance - The company achieved a revenue of CNY 6.707 billion in the first three quarters, representing a year-on-year growth of 22.01% [3] - The net profit attributable to shareholders reached CNY 651 million, with a year-on-year increase of 21.43% [3] - The automotive parts business saw a revenue growth of 25% due to the increase in sales from major clients [3] Group 2: Market Trends and Client Relationships - The automotive industry maintained growth, with passenger car sales reaching 21.246 million units, a year-on-year increase of 13.7%, and new energy vehicle sales at 1.128 million units, up 34.9% [3] - The company has established strong partnerships with major domestic automotive manufacturers and emerging players like Huawei [3] Group 3: Business Adjustments and Future Plans - The company is adjusting its military explosive materials automation upgrade project due to evolving warfare and technology, with production expected to be operational by September 30, 2026, generating an estimated annual revenue of CNY 150.027 million [4] - The oil and gas equipment sector is projected to achieve sales of CNY 546 million in 2024, with a net profit of CNY 238 million, including military product revenue of CNY 9.7446 million [4] Group 4: Technological Advancements - The company has made significant advancements in high-temperature and high-pressure perforation technology, breaking international monopolies and achieving domestic leadership [5] - The developed technologies are now applied in deep well perforation operations, setting a global record for the deepest perforation [5] Group 5: Strategic Development - The company is focusing on a "1334" development strategy aimed at becoming a world-class aerospace intelligent equipment manufacturer [4] - There are considerations for implementing equity incentives to align employee interests with company growth [6]

Financial Performance - The company achieved a revenue of CNY 6.707 billion in the first three quarters of 2025, representing a year-on-year growth of 22.01% [2] - The net profit attributable to shareholders reached CNY 651 million, with a year-on-year increase of 21.43% [2] - The automotive parts business saw a sales revenue growth of 25% due to the overall growth in the automotive industry, with passenger car sales reaching 21.246 million units, up 13.7% year-on-year [3] Business Segments - The oil and gas equipment segment maintained stable sales, with revenue remaining flat compared to the previous year, supported by advancements in key technologies [3] - The high-performance functional materials segment experienced a decline in performance due to the full electronicization of train tickets, but the company is accelerating market transformation [3] Technological Advancements - The company’s subsidiary, Aerospace Energy, has maintained over 30 years of collaboration with major domestic oil companies, supplying key products for deep-sea oil and gas extraction [4] - Breakthroughs in non-elastic sealing and high-temperature high-pressure perforation technologies have positioned the company as a leader in the domestic market, contributing to the development of deep-sea oil and gas resources [4][5] Military Products - The military explosives automation upgrade project is being adjusted due to evolving warfare and technology, with an expected annual revenue of CNY 150 million upon completion by September 30, 2026 [5][6] - Military product revenue for the first half of 2025 was CNY 6.734 million, reflecting a growth of 6.96% year-on-year [6] Future Strategies - The company is considering implementing an employee stock ownership plan to align interests and risks between employees and the company, aiming for rapid and high-quality development [6] - The company has proposed a "1334" development strategy to become a world-class aerospace intelligent equipment manufacturing enterprise [6]