Financial Performance - In 2025, the company achieved operating revenue of 1,071.37 million RMB, an increase of 44.88% year-on-year [2] - The net profit attributable to the parent company was 174.57 million RMB, up 21.81% year-on-year [2] - The net profit attributable to the parent company after deducting non-recurring gains and losses was 145.08 million RMB, reflecting a 50.85% increase year-on-year [2] - Total assets at the end of the reporting period were 4,107.71 million RMB, a 12.88% increase from the beginning of the period [2] - Shareholders' equity attributable to the parent company was 3,368.57 million RMB, up 4.28% from the beginning of the period [2] - Net cash flow from operating activities was 191.46 million RMB, a significant increase of 509.37% year-on-year [2] Business Strategy and Development - The company focused on its core business and increased R&D investment, enhancing its core technology and product autonomy [2] - The company achieved full-spectrum coverage in industrial X-ray sources and large-scale shipments of micro-focus X-ray sources [2] - New orders saw significant growth due to the company's strategic layout in multiple downstream application fields, including integrated circuits, electronic manufacturing, and new energy batteries [2] - The company is actively expanding its global presence and enhancing its core capabilities in product strength, channel strength, and brand strength [2] Investment and Subsidiary Establishment - The company plans to establish a holding subsidiary, Saimikang Semiconductor (Wuxi) Co., Ltd., with an investment of 7.7 million RMB from its own funds and 3.3 million RMB from its subsidiary [6] - The holding subsidiary aims to enhance the company's business layout in high-end semiconductor testing equipment and strengthen its supply capabilities [8] - The establishment of the subsidiary is expected to improve the company's product line in semiconductor failure analysis and defect detection [12] - The investment will not significantly impact the company's financial status or operating results for the current year [14]

Core Viewpoint - The company, Riheng Technology Group Co., Ltd., is voluntarily disclosing its investment to establish a holding subsidiary, aiming to enhance its capabilities in the high-end semiconductor testing equipment sector and to localize production in China [2][4]. Group 1: Investment Overview - The investment target is Semicon (Wuxi) Co., Ltd., with an investment amount of 7.7 million yuan from Riheng Technology and 3.3 million yuan from its subsidiary SSTI [2]. - The holding subsidiary will have a registered capital of 11 million yuan, with Riheng Technology holding 70% and SSTI holding 30% [4]. - This investment does not constitute a related party transaction or a major asset restructuring as defined by relevant regulations [2][5]. Group 2: Impact of Investment - The investment will facilitate deep collaboration between Riheng Technology and SSTI in semiconductor testing technology, enhancing the company's technological capabilities and product offerings [7]. - The establishment of the subsidiary will extend the company's product line into critical areas such as semiconductor design debugging and yield improvement, positioning it as a one-stop solution provider in the semiconductor testing market [7]. - The investment is expected to improve the company's market competitiveness by leveraging domestic resources and established customer networks, aiming to capture a larger share of the high-end semiconductor testing market in China [7]. Group 3: Financial Impact - The investment will change the scope of the company's consolidated financial statements, with the new subsidiary being included in the consolidated reports [8]. - The funding for this investment will come from the company's own funds, and it is anticipated that this will not have a significant impact on the company's financial status or operating results for the current year [8].