Group 1 - The company is currently collaborating with OPS to develop CNC equipment applicable to the planetary roller screw industry [2] - The business is in the dual promotion phase for both Chinese and overseas markets [2] - Revenue from the related business will take some time to materialize, and investors are advised to invest rationally and be aware of investment risks [2]

Group 1 - The core viewpoint of the report is that Beite Technology (603009.SH) is recommended for investment due to its strong financial performance and growth potential [2] - In Q2 2025, the company's revenue reached 571 million yuan, representing a year-on-year increase of 18.77% and a quarter-on-quarter increase of 5.33% [2] - The net profit attributable to the parent company was 32 million yuan, showing a year-on-year growth of 48.83% and a quarter-on-quarter growth of 38.51% [2] - The net profit after deducting non-recurring items was 31 million yuan, with a year-on-year increase of 78.65% and a quarter-on-quarter increase of 49.94% [2] Group 2 - The company demonstrates steady revenue growth and significant improvement in profitability [2] - The core components for the chassis remain stable, while the air conditioning compressor segment is experiencing rapid growth [2] - The company is expanding its production capacity for planetary roller screws, which is expected to support future development [2]

Core Viewpoint - The company plans to raise up to 150 million yuan through a private placement of shares to fund several key projects, including the industrialization of roller screw and joint modules, expansion of high-precision CNC grinding machine production, and the establishment of a forward-looking technology research and application center [2] Group 1: Fundraising and Investment Plans - The total amount to be raised is capped at 150 million yuan, with net proceeds after issuance costs allocated to specific projects and working capital [2] - If the actual net proceeds are less than the required investment amounts, the company will adjust the investment priorities and amounts based on the actual funds raised [2] Group 2: Project Details - The "Roller Screw and Joint Module Industrialization Project" has a construction period of 3 years with a total planned investment of 99.52 million yuan, aiming for an annual production capacity of 1 million sets of reverse planetary roller screws and 500,000 sets of linear joint modules [3] - The "High-Precision CNC Grinding Machine Expansion Project" has a construction period of 2 years with a planned investment of 17.51 million yuan, targeting an annual production capacity of 540 high-precision CNC grinding machines [3] - The "Forward-Looking Technology Research and Application Center Construction Project" will take 3 years to complete with a planned investment of 10.92 million yuan, focusing on advanced R&D and testing equipment [3] Group 3: Company Background - The company specializes in intelligent manufacturing of automotive components, providing products such as automotive trim systems, intelligent control systems, power systems, and hub bearings, holding a leading position in niche markets [2] - The company has extensive experience in high-precision manufacturing, large-scale production, and cost control, supported by a mature supply chain and long-term technological accumulation [2]