Core Viewpoint - Xiamen Xinda's stock price increased by 5.34% to 6.90 CNY per share, with a trading volume of 230 million CNY and a turnover rate of 5.16%, resulting in a total market capitalization of 4.663 billion CNY [1] Group 1: Company Overview - Xiamen Xinda Co., Ltd. is located at 4688 Xianyue Road, Guomao Center A Building, Huli District, Xiamen, Fujian Province, and was established on November 28, 1996, with its listing date on February 26, 1997 [1] - The company's main business involves the electronic information industry (optoelectronics and IoT technology), trading business (bulk trade and automobile sales), and real estate [1] - The revenue composition of the main business is as follows: trading 97.70%, information products 1.73%, smart technology 0.52%, and internet, leasing, and other services 0.05% [1] Group 2: Shareholder Information - Among the top ten circulating shareholders of Xiamen Xinda, a fund under Dacheng Fund ranks first, specifically Dacheng CSI 360 Internet + Index A (002236), which entered the top ten in the third quarter with 2.8466 million shares, accounting for 0.43% of circulating shares [2] - The estimated floating profit for this fund today is approximately 996,300 CNY [2] Group 3: Fund Performance - Dacheng CSI 360 Internet + Index A (002236) was established on February 3, 2016, with a latest scale of 788 million CNY [2] - Year-to-date return is 37.32%, ranking 697 out of 4206 in its category; the one-year return is 41.33%, ranking 493 out of 3983; and since inception, the return is 223.87% [2]

Group 1 - Xiamen Xinda's stock price increased by 5.25% to 6.41 CNY per share, with a trading volume of 256 million CNY and a turnover rate of 6.11%, resulting in a total market capitalization of 4.332 billion CNY [1] - The company, established on November 28, 1996, and listed on February 26, 1997, operates in the electronic information industry (optoelectronics and IoT technology), trade (bulk trade and automobile sales), and real estate [1] - The revenue composition of Xiamen Xinda is as follows: trade accounts for 97.70%, information products 1.73%, smart technology 0.52%, and internet, leasing, and other services 0.05% [1] Group 2 - The top circulating shareholder of Xiamen Xinda is a fund under Dacheng Fund, specifically the Dacheng CSI 360 Internet + Index A (002236), which entered the top ten circulating shareholders in Q3 with 2.8466 million shares, representing 0.43% of circulating shares [2] - The Dacheng CSI 360 Internet + Index A fund has a current scale of 788 million CNY and has achieved a year-to-date return of 39.4%, ranking 1161 out of 4216 in its category, with a one-year return of 53.07%, ranking 575 out of 3896 [2]

Company and Industry Summary Company Overview - **Company Name**: Lida Xin (利达信) - **Founded**: 2000 in Xiamen, China - **Industry**: Smart lighting and IoT (Internet of Things) - **Global Presence**: Products sold in over 60 countries including North America, Europe, and Japan [2][3] Core Business and Achievements - **Main Business**: Focus on lighting products, with a transition into IoT solutions [5] - **R&D Capability**: Over 1,500 professionals in R&D, with more than 250 domestic and international patents [3][10] - **Production Capacity**: Over 3.3 billion products produced by 2019, equivalent to circling the Earth 11 times [3] - **Recognition**: Consistently ranked among China's top 100 new industrial enterprises and recognized as a national intellectual property advantage enterprise [2][3] Financial Performance - **2024 Annual Revenue**: CNY 6.807 billion, a year-on-year increase of 1.88% [6] - **Net Profit**: CNY 418 million, a year-on-year increase of 33.25% [6][8] - **2025 Q1 Revenue**: CNY 1.538 billion, an increase of 8.76% year-on-year [13] - **Net Profit for Q1 2025**: CNY 68.78 million, a slight decrease of 0.11% [13] Strategic Focus - **Business Strategy**: Emphasis on dual business model of brand OEM and domestic/international dual circulation [7][15] - **Digital Transformation**: Focus on enhancing smart manufacturing and digital transformation to improve operational efficiency [6][14] - **Sustainability Initiatives**: Released a sustainability report, reflecting commitment to social responsibility and environmental goals [11][12] Market Position and Future Plans - **Brand Development**: Strengthening brand recognition and expanding product offerings in both B2B and B2C markets [15][16] - **Product Innovation**: Continuous investment in R&D, with CNY 383 million allocated in 2024, representing 5.62% of revenue [9] - **Future Goals**: Focus on resource optimization, structural adjustments, and enhancing customer satisfaction through innovative product offerings [14][17] Additional Insights - **Cost Management**: Reduced operational costs by CNY 84.82 million, a decrease of 5.15% year-on-year [8] - **Profit Distribution**: Proposed cash dividends of CNY 4.20 per share, totaling approximately CNY 210 million [10] - **Social Responsibility**: Active involvement in community projects, including educational lighting improvements and support for rural schools [12] This summary encapsulates the key points from the conference call, highlighting Lida Xin's operational performance, strategic direction, and commitment to innovation and sustainability.