Core Viewpoint - The company, Yinlong Co., Ltd., is focusing on the development of its two core industries: prestressed materials and concrete products for rail transit, while also expanding into high-end equipment manufacturing and information technology, with a strategic emphasis on new energy business [1][2][4] Group 1: Business Performance - As of June 30, 2025, the prestressed materials industry achieved revenue of 1.158 billion yuan, a year-on-year increase of 8.12%, accounting for 78.58% of total revenue, indicating stable growth in traditional business [1] - The rail transit concrete products industry generated revenue of 213 million yuan, with a slight year-on-year increase of 0.04%, representing 14.45% of total revenue, driven by ongoing national railway and urban rail transit construction [1][2] Group 2: Strategic Initiatives - The company has established a network of ten industrial bases across key strategic areas in China, enhancing its regional supply system for rail products through a combination of wholly-owned and joint ventures [2] - Yinlong Co., Ltd. is actively participating in major national railway projects, including the Xiongshan High-speed Railway and the Beijing-Shanghai High-speed Railway, which strengthens its competitive advantage in technology, product quality, and service network [2][3] Group 3: International Market Development - The company has been expanding its international market presence since the 1990s, exporting prestressed materials to over 90 countries, with plans to optimize its product structure and increase high-performance product exports [3] - The rail transit concrete products and related equipment sector is focusing on technological upgrades and regional layout, maintaining good profitability, especially in overseas markets where the gross margin is higher than domestic [3] Group 4: Future Outlook - The company expresses confidence in its performance growth over the next three years, driven by product structure optimization in the prestressed materials sector and continued order acquisition in the rail transit concrete products sector [4] - The steady advancement of the new energy business is expected to contribute additional growth points to the company's overall performance [4]

Group 1 - The company held its 19th meeting of the 5th Board of Directors on November 20, 2025, with 9 directors present, including 4 in person and 5 via communication [2][3] - The Board approved a proposal to change the company's name from "Tianjin Yinlong Prestressed Materials Co., Ltd." to "Tianjin Yinlong Group Co., Ltd." to better reflect its strategic direction and enhance brand value [2][11] - The name change is part of the company's focus on dual main business areas: prestressed materials and concrete products for rail transit, while also expanding into the renewable energy sector [11][12] Group 2 - The Board also approved a proposal to amend the company's articles of association and to handle the corresponding business registration changes [5][12] - Both proposals will be submitted for shareholder approval at the upcoming extraordinary general meeting scheduled for December 8, 2025 [9][16] - The company will provide detailed notifications regarding the extraordinary general meeting through various media, including the Shanghai Stock Exchange website [9][19]

Core Viewpoint - The company, Yinlong Co., has established a strong competitive edge in the prestressed materials sector, developing a comprehensive core technology system that spans the entire industry chain from raw material processing to intelligent production of concrete products [1] Group 1: Competitive Advantage - The company has built a core technology system that covers the entire industry chain, from upstream rebar smelting process control to midstream precision processing of prestressed products and downstream intelligent production of concrete products [1] - The company has established itself as a technical benchmark in the industry by leading and participating in the formulation and revision of dozens of national and industry standards [1] Group 2: Technological Innovation - The successful development of the CRTSIII type high-speed rail track slab has broken the foreign technology monopoly and serves as a crucial support for China's "going out" strategy for high-speed rail [1]

Group 1 - The Tianjin Quality Conference was held to convey the spirit of the China Quality (Nanjing) Conference and award the sixth "Tianjin Quality Award" to organizations [1] - Five organizations received the sixth "Tianjin Quality Award" for advanced quality management models, including China Electronics Technology Group Corporation No. 53 Research Institute and Tianjin Port and Shipping Engineering Co., Ltd. [1] - Five organizations received the nomination award for the sixth "Tianjin Quality Award," including China Shipbuilding (Tianjin) Co., Ltd. and Tianjin Yulong Prestressed Materials Co., Ltd. [1] Group 2 - In 2024, Tianjin's manufacturing quality competitiveness index is 89.77, exceeding the national manufacturing competitiveness index by 3.91 [2] - The public service quality index for Tianjin is 78.12, which is 1.21 higher than the national average [2] - Tianjin has established five new national and municipal industrial metrology testing centers and 27 national quality inspection centers [2] - The city has built 30 comprehensive service platforms for quality infrastructure, serving 30,900 enterprises and solving 2,970 technical problems, saving enterprises 210 million yuan [2] - Tianjin has cultivated 528 smart factories and 243 national-level green manufacturing demonstration units [2]

Core Viewpoint - Yinlong Co., Ltd. (603969) is committed to the development of high-performance prestressed materials, focusing on applications in various infrastructure sectors, including water conservancy, rail transportation, bridges, new energy, and mining support systems [1] Group 1 - The company has been deeply engaged in the prestressed materials field for many years [1] - Products are applicable in infrastructure construction areas such as water conservancy, rail transportation, bridges, new energy, and mining support [1] - The company is actively exploring applications in deep earth development [1] Group 2 - The company aims to continuously focus on the research and innovation of high-performance prestressed materials [1] - It seeks to seize development opportunities and provide quality products to support national strategies [1]

Core Viewpoint - Yinlong Co., Ltd. emphasizes its global perspective in seizing international market opportunities, particularly in the demand for prestressed materials, which are crucial for infrastructure development and reconstruction worldwide [2] Group 1: Company Strategy - The company has a product system and export capabilities that meet multiple national standards, laying a foundation for participating in global market competition [2] - Yinlong Co., Ltd. aims to enhance its performance by capitalizing on market opportunities to create greater value for shareholders [2] Group 2: Industry Context - Prestressed materials are identified as key materials in infrastructure, with widespread demand in global reconstruction and development [2]

Core Viewpoint - The reconstruction of Ukraine post-war presents significant market opportunities for global prestressed materials, which the company is well-positioned to capitalize on due to its extensive export experience and international certifications [1] Company Summary - The company is a specialized supplier of prestressed materials with years of export experience, having products exported to over 90 countries and regions globally [1] - The company has a comprehensive product system and strict quality control measures that meet international standards, enhancing its core competitiveness in the international market [1] - A professional team has been established to track opportunities related to the reconstruction projects in Ukraine and Russia [1] Market Conditions - The company is closely monitoring international market opportunities that align with its strategic goals and are deemed to have controllable risks [1] - Export orders are influenced by complex factors including international politics, business conditions, and logistics, leading to uncertainties in the market [1] - The company commits to timely information disclosure if significant contracts that meet disclosure standards are reached [1]

Core Points - The company has postponed the second extraordinary general meeting of shareholders originally scheduled for October 9, 2025, to November 25, 2025, at 15:00 [2] - The postponement is in accordance with relevant laws and regulations, including the Rules for General Meetings of Listed Companies and the Articles of Association of Tianjin Yinlong Prestressed Materials Co., Ltd. [2] Meeting Details - The new date and time for the postponed meeting is November 25, 2025, at 15:00 [2] - The original equity registration date remains unchanged [2] - Online voting will be available on the same day, with specific time slots for trading system and internet voting [2] Other Matters - No additional matters were reported [3]

Group 1 - The law firm Beijing Zhonglun (Guangzhou) has been commissioned by Tianjin Yinlong Prestressed Materials Co., Ltd. to provide legal opinions for the company's 2025 first extraordinary general meeting of shareholders [1][2] - The legal opinions focus on the legality of the meeting's convening, procedures, attendance, and voting results, ensuring compliance with relevant laws and regulations [3][22] - The meeting was convened by the fifth board of directors, with a notice published on August 20, 2025, meeting the legal requirements for notification [4][5] Group 2 - A total of 15 shareholders attended the meeting in person, representing 21,388,259 shares, which is 2.4947% of the total voting shares [5][6] - The meeting was held on September 5, 2025, and was presided over by the financial director due to the chairman's absence [5][8] - The network voting involved 251 shareholders, representing 328,445,525 shares, which is 38.3097% of the total voting shares [6][8] Group 3 - The voting results for the proposals included significant support, with the proposal to change the company's registered capital receiving 99.9224% approval [9][11] - Other proposals, such as the cancellation of the supervisory board and amendments to the articles of association, also received over 99% approval [11][12] - All proposals were passed as special resolutions, meeting the requirement of two-thirds majority [9][12][22]

Core Viewpoint - The company reported a strong performance in H1 2025, with significant revenue and profit growth, driven by favorable market conditions and strategic positioning in key infrastructure sectors [1][2][3]. Group 1: Financial Performance - In H1 2025, the company achieved operating revenue of 1.473 billion yuan, representing a year-on-year increase of 8.85% [1]. - The net profit attributable to shareholders reached 172 million yuan, marking a substantial year-on-year growth of 70.98% [1]. - The company's prestressed materials generated revenue of 158 million yuan, accounting for 78.58% of total revenue, with a net profit of 130 million yuan, up 67.05% year-on-year [3]. Group 2: Market Conditions - The overall market sentiment is positive, with key engineering projects accelerating, particularly in bridge, railway, and water conservancy sectors [2]. - In H1 2025, a total of 220.7 kilometers of new urban rail transit lines were added, with six new operational lines and eleven new or extended segments [2]. - The National Development and Reform Commission announced that the water conservancy market is expected to reach 5 trillion yuan over the next five years, indicating a golden development period for the industry [2]. Group 3: Product and Industry Positioning - The company is a leading player in the prestressed steel wire market, with increasing penetration of ultra-high-strength products and a robust order book in rail plate production [3]. - The company has successfully applied its products in major projects such as the Pearl River Delta water resource allocation and the Yangtze River diversion project, showcasing its technical advantages in high-pressure and corrosion-resistant materials [2]. - The company is expected to benefit significantly from the upcoming construction of the Yajiang Hydropower Station, a national key project that will drive demand for its products [2]. Group 4: Future Outlook - The company forecasts revenues of 380 million yuan and 560 million yuan for 2025 and 2026, respectively, with corresponding price-to-earnings ratios of 23 and 15 [4].