Core Viewpoint - The company has officially changed its name from JianKe Co., Ltd. to LianJian Technology, reflecting a renewed commitment to its vision of focusing on inspection and testing services [1] Group 1: Business Transformation - The company is accelerating its strategic transformation to focus on inspection services and optimize its business structure in response to the slowing growth of the real estate and infrastructure sectors [2] - LianJian Technology has completed acquisitions of several companies, including Shiyi Quality Inspection and Guanjian Testing, to quickly enter emerging fields such as electronics and automotive components [2] - The company plans to establish an industrial fund with professional institutions to invest in inspection industry projects and explore new growth areas in sectors like new energy and intelligent manufacturing [2] Group 2: Automotive Business Development - The automotive testing services are primarily implemented through the subsidiary Guanjian Testing, which has gained third-party testing qualifications from major automotive manufacturers [3] - The company has expanded its recognition capabilities with traditional and new energy vehicle manufacturers, enhancing its service range significantly [3] Group 3: Competitive Advantage - The inspection industry is characterized by intense competition and a fragmented market, with policies supporting the consolidation of the sector [4] - The company differentiates itself through a demand-driven integrated service ecosystem and cross-domain technology integration capabilities, enhancing customer loyalty and service value [4] - The company employs a "Testing+" model to deepen customer engagement by providing comprehensive services that include not only testing but also solutions for risk management and remediation [4] Group 4: Research and International Expansion - The company is increasing its R&D investment in smart testing and AI diagnostics to build an intelligent inspection platform [5] - It is also expanding into international markets by establishing localized operational teams in regions such as Southeast Asia and the Middle East to enhance its market share [5]

Group 1 - The opening of the Shenzhen-Zhongshan Corridor has significantly enhanced the connectivity between Shenzhen and Zhongshan, reshaping the economic landscape of the Guangdong-Hong Kong-Macao Greater Bay Area [1][5] - The corridor has facilitated the integration of administrative services, with the number of services available through the "Shenzhen-Zhongshan Joint Office" increasing to 735 [1] - Zhongshan is evolving from a location-based advantage to a functional upgrade, becoming a strategic hub in the Greater Bay Area [1] Group 2 - The collaboration between Shenzhen and Zhongshan in cross-border e-commerce has intensified, with initiatives like the "Shenzhen-Zhongshan Cross-Border Direct Train" series promoting effective links between Shenzhen's e-commerce resources and Zhongshan's local industries [2][3] - Events such as the "Cross-Border New Trends Development Conference" have provided platforms for local enterprises to showcase their products, enhancing communication and cooperation between the two cities [3][4] - Zhongshan's cross-border e-commerce sector is transitioning from geographical connectivity to ecological integration, positioning itself as a preferred destination for Shenzhen's e-commerce resources [4] Group 3 - The Shenzhen-Zhongshan Corridor has accelerated the flow of resources, enabling a "Shenzhen R&D + Zhongshan Transformation" model that boosts the overall operational efficiency of enterprises [5][6] - The corridor has reduced travel time between Shenzhen and Zhongshan from two hours to approximately 30 minutes, facilitating seamless business operations and reducing costs for companies [5][6] - A collaborative mechanism focusing on industrial chain cooperation and cluster development has been established, with plans for a 66 square kilometer Shenzhen-Zhongshan Economic Cooperation Zone [6][7] Group 4 - The ongoing empowerment of the Shenzhen-Zhongshan Corridor is unlocking significant potential for industrial complementarity, leading to a more integrated innovation ecosystem [7]

Group 1: Strategic Layout - The company has established a "3+1+3" new business strategy layout focusing on strategic emerging industries [1] - It continues to enhance its core traditional testing, certification, and automotive design businesses, with key testing bases in Beijing, Dezhou, Tianjin, and Changzhou [1] - The company is expanding its business in regions such as the Greater Bay Area and Chengdu-Chongqing Economic Zone, targeting industries like vehicles, engineering machinery, military equipment, and low-altitude economy [1] Group 2: Investment in New Energy Vehicles - The company has seized opportunities in the rapidly developing new energy vehicle industry by establishing various laboratories, including those for new energy three-electric systems and components, vehicle emissions, and electromagnetic compatibility [2] - It has also set up a vehicle networking information security laboratory to conduct testing for new energy vehicles, including CCC certification and environmental information disclosure [2] - In 2024, the company received authorization from the National Certification and Accreditation Administration for M1 class automotive products, achieving significant breakthroughs in the passenger vehicle market [2]

Group 1 - The Shanghai International Carbon Neutral Technology, Products and Achievements Expo was held from June 5 to 7, 2025, showcasing the growth of technology and product innovation in various sectors in China, including automotive, new materials, new energy, semiconductors, and pharmaceuticals [1] - SGS, a globally recognized testing, inspection, and certification organization, highlighted the importance of third-party testing and certification services for Chinese manufacturers to gain market access and customer recognition [1] - There is a discrepancy between domestic and international standards in China, which affects the export of Chinese products and the entry of foreign products into the Chinese market [1] Group 2 - SGS aims to become a promoter and practitioner of sustainable development in China, focusing on carbon reduction, energy management, and green supply chains [1] - The company plans to develop more customized testing and certification service solutions tailored to the characteristics and needs of the Chinese market [2] - SGS will increase its R&D investment in China, advance digital transformation, and deepen collaboration with local enterprises and research institutions to attract and cultivate talent [2]

Core Viewpoint - The company has announced its 2024 annual profit distribution plan, which includes a cash dividend of RMB 1 per 10 shares and no bonus shares, approved by the shareholders' meeting held on May 19, 2025 [1][2]. Summary by Sections 1. Profit Distribution Plan - The profit distribution plan involves a cash dividend of RMB 1 per 10 shares (including tax) for all shareholders, with no bonus shares distributed [1][2]. - The total amount for distribution will not exceed the distributable profits as per the financial statements, and adjustments will be made if the total share capital changes before implementation [1][2]. 2. Key Dates - The record date for the profit distribution is set for May 27, 2025, and the ex-dividend date is May 28, 2025 [2]. 3. Distribution Method - Cash dividends will be directly credited to shareholders' accounts through their custodial securities companies on the ex-dividend date [3]. 4. Calculation of Dividend - The actual cash dividend amount is calculated based on the total share capital minus repurchased shares, resulting in a cash dividend of approximately RMB 0.994057 per 10 shares [4]. - The reference price for the ex-dividend will be adjusted based on the cash dividend amount and the total share capital on the record date [4]. 5. Consultation Information - The company provides contact details for inquiries regarding the profit distribution plan, including a contact person and phone numbers [3].

Summary of Key Points Core Viewpoint - The company held its 2024 annual performance briefing on May 15, 2025, to discuss financial results and future growth strategies with investors [1]. Financial Performance - In 2024, the company achieved operating revenue of 1.965 billion yuan, with main business revenue of 1.932 billion yuan, reflecting a year-on-year increase of 1.39% [2]. - The net profit attributable to shareholders was 39.4743 million yuan, representing a year-on-year increase of 4.29% [2]. Future Growth Drivers - The company aims to enhance its core competitiveness across various business segments by focusing on quality improvement, increasing output, and strengthening foundational capabilities [2][3]. - Key strategies include leveraging opportunities in the instrument and testing sectors, enhancing certification services, and integrating artificial intelligence to improve service capabilities [3]. Industry Overview - The automotive industry in China saw production and sales of 31.282 million and 31.436 million vehicles in 2024, respectively, with year-on-year growth of 3.7% [4]. - The automotive electronics market is projected to grow from 1.0973 trillion yuan in 2023 to 1.1585 trillion yuan in 2024 [6]. - The global market for testing, inspection, and certification services is expected to reach approximately 1.171 trillion yuan in 2024, with a compound annual growth rate (CAGR) of 4.5% projected until 2031 [5]. Market Trends - The third-party inspection and testing sector is expanding into new fields such as healthcare and new energy, driven by increasing demand for quality assurance in manufacturing [7]. - The integration of advanced technologies like big data and artificial intelligence is enhancing the efficiency and accuracy of testing processes [7]. Company Strategy - The company is committed to becoming a leading provider of smart hardware and industrial intelligent solutions, focusing on R&D investment and market expansion to improve profitability [8].

Core Insights - Zhongfangbiao Inspection and Certification Co., Ltd. has expanded its services into the automotive materials and components testing sector by obtaining a materials laboratory accreditation certificate from SAIC Volkswagen [1][3] - The accreditation covers over 80 testing projects, including mechanical properties, durability, material analysis, environmental aging, chemical and restricted substances, in-car air quality, and microbiological testing, addressing diverse automotive material testing needs [1] Group 1 - Zhongfangbiao is focusing on new business growth points and has been actively expanding its presence outside the textile industry, particularly in automotive materials and components testing [3] - The company has established a joint certification research center and a joint laboratory with the China Automotive Engineering Research Institute to enhance cooperation in testing and certification of automotive interior materials [3] - From 2020 to 2023, Zhongfangbiao and China Automotive Research have conducted research on allergenic and pathogenic microorganisms, resulting in the release of the first domestic assessment standard for allergenic substances in vehicle interior materials, filling a gap in the industry [3] Group 2 - Zhongfangbiao is committed to ensuring the health and safety of the in-car environment, contributing to the upgrade of automotive materials, and creating a healthier and more reliable driving space for consumers [3] - The company plans to continue increasing investments in technology research and development, team building, and equipment upgrades to enhance testing service levels and provide comprehensive and efficient technical services to automotive-related enterprises [5]

Core Insights - Zhongji Renjian (301508) has signed a strategic cooperation agreement with Beijing Weiliandao AI Technology, focusing on the application of artificial intelligence and machine vision technology in the inspection and certification field [1] Group 1: Strategic Cooperation - The partnership aims to develop an integrated "Inspection + AI" solution, leveraging Zhongji Renjian's customer resources and industry application scenarios alongside Weiliandao AI's AI technology support [1] - The collaboration will focus on intelligent inspection and quality control in sectors such as manufacturing, automotive, and construction machinery [1] Group 2: Technology Development - Zhongji Renjian will provide inspection equipment and validation capabilities, while Weiliandao AI will contribute industrial machine vision and AI visual technology [1] - Both companies will explore the standardization of intelligent inspection technology and participate in the formulation and revision of national and industry standards [1]

Group 1 - Chengdu's delegation visited South Korea and Japan from April 21 to 28 to deepen economic and trade cooperation, focusing on electronic information, automotive, and medical aesthetics industries [1][2] - A total of 12 cooperation projects were signed between Chengdu and South Korea, with a total investment amount of 3.12 billion yuan [1][2] - Four industrial projects were signed in Chengdu, including HCT's China headquarters and testing laboratory, with a total investment of 1.21 billion yuan, covering electronic information, biomedicine, and new consumption sectors [3] Group 2 - Eight outward-oriented enterprises from Chengdu signed eight business cooperation projects with South Korean companies, amounting to 1.91 billion yuan, involving electronic information, biomedicine, and health sectors [4] - The cooperation aims to promote the production and marketing of new pharmaceuticals and medical devices from South Korea in Chengdu, while accelerating the international market expansion of Chengdu's unique products [4] - The event is seen as a platform for deepening cooperation between Chinese and South Korean enterprises, enhancing their collaboration in the global market [4]

- 净利润攀升22.96%，全年派息比率约为31% - 集信国控业绩飙升，与国企实现跨区域合作，启动增长新引擎 投资亮点 - 业绩高速增长，收入及利润大幅攀升 - 积极拓展市场版图，跨区域与佛山市高明区国企合作成立子公司 - 持续优化服务，把握市场机遇 - 行业前景可期，政策助力发展 竞争优势 - 资金端政策红利，助力公司业务拓展 - 房地产行业转型，带来新的业务增长点 一、业绩高速增长，收入及利润大幅攀升 于回顾年内，公司业绩表现卓越，收入及利润均录得显著增长。 公司收入大幅提升至约人民币55.26百 万元，较去年的人民币41.50百万元增长33.16%，年内利润较去年的人民币13.25百万元增长22.96%至约 人民币16.30百万元。 这充分展现了公司在检测认证行业的强劲竞争力和卓越的市场表现。 公司通过不 断拓展业务领域、提升服务质量和效率，成功把握市场机遇，實現了收入和利潤的雙豐收。 公司每股基本盈利为人民币0.61元。 为让股东们能一起分享成果，董事会建议派发末期股息每股人民币 0.15元（含适用税项）。 全年派息合共约人民币5.09百万元，全年派息比率约为31%。 业务回顾 公司的收入主要来自提 ...