Core Viewpoint - Ningbo Jingda is actively expanding its strategic layout in emerging fields such as data center liquid cooling and lightweight robotics, leveraging technology integration, mergers, and overseas market expansion to create new growth engines and address investor concerns [2] Group 1: Order Growth and Market Expansion - The company has seen a positive growth in overall orders in the first half of the year, with steady increases in orders from the heat exchanger, pressure machine, and microchannel divisions, indicating a more balanced customer expansion [3] - Following the acquisition of Wuxi Weiyan, over 50% of new orders for molds are export orders, reflecting a year-on-year growth of approximately 70%, with North American orders reaching last year's total in just the first half [3] Group 2: Strategic Collaboration and Mergers - After acquiring Wuxi Weiyan in 2025, the company is actively promoting business collaboration to share market and customer resources, aiming to enhance business scale, profitability, and risk resistance, ultimately increasing earnings per share for shareholders [4] - The controlling shareholder, Ningbo Tongshang Group, supports the company in building a benchmark manufacturing equipment platform through a "merger + integration + empowerment" model, enhancing influence in the high-end equipment manufacturing sector [4] Group 3: New Field Development - The company is accelerating its entry into the data center liquid cooling market by leveraging its expertise in microchannel technology, integrating advanced techniques from the UK and Germany to improve precision manufacturing capabilities [5] - Wuxi Weiyan has developed specialized thermal management products for AI data centers, laying the groundwork for capturing the high-end air conditioning market in international AI data centers [5] Group 4: Technology Research and Development - The company is focusing on lightweight forming, non-metal forming, and hydrogen equipment research in sectors such as new energy vehicles, robotics, and eVTOL, while also conducting research on the automotive new energy thermal management [6] - In the first half of 2025, the company is implementing a differentiated product strategy and exploring new products and applications, aiming for continuous growth and value enhancement through technological innovation and strategic collaboration in data center liquid cooling and lightweight robotics [6]