Core Business Expansion and Competitiveness Enhancement - The company is a digital X-ray core component and comprehensive solution supplier, focusing on R&D, production, sales, and services of digital X-ray detectors, high-voltage generators, and other core components [1] - The company has established a global layout with six production bases, including new facilities in Haining, Taicang, and Cleveland, enhancing its competitive edge [1] - In the first half of 2025, overseas revenue reached 366 million yuan, accounting for approximately 34% of total revenue, indicating a continuous increase in overseas business [1] Investment in New Projects - The company plans to invest up to 1.8 billion yuan in a silicon-based OLED microdisplay backplane production project, which will add a capacity of 5,000 units per month [2] - This investment is expected to enhance the company's technological innovation and strengthen its core competitiveness [2] R&D Innovation and High-Quality Development - The company invested 154.24 million yuan in R&D, representing 14.46% of its revenue, and registered 70 new IPs, including 32 invention patents [2] - Ongoing projects include the development of key technologies for digital X-ray detectors and the establishment of an innovation base [2][3] Governance and Operational Standards - The company has established a governance structure with clear responsibilities among the shareholders' meeting, board of directors, supervisory board, and management [4] - The company held multiple board meetings and complied with legal and regulatory requirements for governance [5] Shareholder Returns and Value Sharing - In June 2025, the company completed its 2024 annual equity distribution, distributing cash dividends of 10 yuan per 10 shares and a stock bonus of 4 shares per 10 shares, totaling 142.89 million yuan in cash dividends [6] ESG Commitment and Sustainable Development - The company integrates ESG principles into its strategy and operations, focusing on innovation and quality management to contribute to human health [7] - A report detailing the company's practices in environmental protection and social responsibility is available on the Shanghai Stock Exchange website [7] Future Plans - The company will continue to focus on digital X-ray core components and solutions, enhance governance structures, and improve risk management to achieve high-quality development [8]

Core Viewpoint - Shareholders Tianjin Sequoia and Beijing Sequoia plan to reduce their holdings in Yirui Technology by no more than 2% due to personal funding needs, marking the second reduction plan in the past year [2][3][5]. Summary by Sections Shareholder Reduction Plan - Tianjin Sequoia and Beijing Sequoia intend to reduce a total of up to 4,004,367 shares, representing 2% of Yirui Technology's total share capital, through block trading from August 15 to November 14, 2025 [3][6]. - The shares to be reduced are from the capital reserve converted into share capital before and after the IPO, with the reason cited as personal funding needs [3][6]. Previous Reduction Activities - In the previous year, from September 30 to November 1, 2024, Tianjin Sequoia and Beijing Sequoia reduced a total of 2,855,772 shares at prices ranging from 113.42 to 123.03 yuan per share, realizing approximately 3.24 billion to 3.51 billion yuan [9][10]. Current Shareholding Status - As of now, Tianjin Sequoia holds 11,785,900 shares (5.89% of total shares), while Beijing Sequoia holds 5,547,300 shares (2.77% of total shares) [10]. Financial Performance - Yirui Technology's net profit has been declining, with figures of 6.41 billion yuan in 2022, 6.07 billion yuan in 2023, and 4.65 billion yuan in 2024. The net profit after deducting non-recurring gains and losses was 5.17 billion yuan, 5.91 billion yuan, and 4.39 billion yuan for the same years [12][13]. - In the first quarter of 2025, the net profit attributable to shareholders was 1.43 billion yuan, a year-on-year increase of 2.74%, while the net profit after deducting non-recurring gains and losses decreased by 9.19% [14][15]. Market Conditions - The industry in which Yirui Technology operates is experiencing weak downstream demand, and the company's product gross margin is sensitive to changes in selling prices and product structure. A decline in downstream demand or increased industry competition could lead to a decrease in product prices [17].