Core Viewpoint - Wharton Technology Co., Ltd. plans to invest in a project to enhance its membrane materials and components capabilities, aiming to seize market opportunities in the membrane industry and promote high-quality development [1] Group 1: Investment Project Details - The investment project is currently in the proposal verification stage and requires internal approval and project filing [1] - The project faces various risks, including policy, market, and environmental factors, leading to significant uncertainty [1] - The final investment plan will be subject to the company's final review and approval [1] Group 2: Regulatory and Disclosure Aspects - The investment does not constitute a related party transaction or a major asset restructuring as defined by the relevant regulations [1] - The company will fulfill its disclosure obligations in accordance with the project's progress and remind investors to be aware of investment risks [1]

Core Viewpoint - The company aims to seize market opportunities in the membrane industry by investing in the enhancement of membrane material and component capabilities, currently in the project proposal stage [1] Group 1 - The project is focused on improving the company's capabilities in membrane materials and components [1] - The investment amount and specific plans for the project have not yet been determined [1] - The final investment plan will be subject to the company's approval [1]

Core Viewpoint - Tianjin Membrane Technology Group Co., Ltd. (referred to as "Tianjin Membrane Technology") held an investor meeting on September 11, 2025, to discuss its performance, business development, and market expansion, emphasizing its goal to enhance performance in the second half of the year [1]. Summary by Relevant Categories Performance and Business Development - The company aims to improve its performance in the second half of 2025, with specific details to be disclosed in future reports [1]. - Tianjin Membrane Technology has optimized its asset quality and business structure since its listing, planning to increase R&D for differentiated products and strengthen marketing efforts [1]. Business Segments and Market Opportunities - The core business focuses on separation membrane products and membrane application system integration, with a significant increase in new orders in the first half of 2025 [1]. - The company plans to enhance its membrane technology, including improving hollow fiber membrane performance and expanding into seawater desalination and overseas markets [1]. Innovation and Technology - The company has established an innovative culture internally, encouraging innovation through the formation of task forces and market-based incentives [1]. - In 2025, the company will undergo digital transformation, improving management and production systems to reduce costs [1]. Market Expansion and Strategy - The company has implemented effective measures for market expansion, resulting in a significant year-on-year increase in new contract amounts and the addition of industrial and overseas clients [1]. - The membrane industry is rapidly developing as a national strategic emerging industry, with strong demand in water treatment and environmental sectors [1]. Research and Development - R&D investments focus on improving existing materials and products, as well as developing cutting-edge technologies, including modified membrane materials [1]. - The company is actively applying for patents to protect its core competitiveness in line with its R&D progress [1]. Financial Outlook - The company anticipates a slowdown in converting new orders into performance, with specific details to be monitored in the upcoming semi-annual report [1]. - The company aims to enhance new product promotion and marketing in the second half of the year, stabilize project operations, and improve overall performance [1]. Competitive Advantages - The core competitiveness includes a strong technical foundation in separation membrane materials, a leading research platform, and performance across multiple application fields [1]. - The company has seen growth in overseas orders, particularly in Southeast Asia, and plans to continue focusing on international markets as a key growth area [1].

Group 1: Financial Performance - The company's net profit attributable to shareholders for the first half of 2025 increased by 27% year-on-year, driven primarily by revenue growth in the membrane business [2] - The revenue from membrane separation engineering increased due to the completion and acceptance of multiple projects, although the gross margin showed some fluctuations due to varying project characteristics [2][3] Group 2: Market Expansion - Overseas business revenue grew by over 20% year-on-year in the first half of 2025, with major sales regions covering over 130 countries including Southeast Asia, the Middle East, Eastern Europe, and South America [3] - The company is actively enhancing its overseas market presence through channel development, product structure optimization, and brand promotion [3] Group 3: Product Development - The sales revenue of seawater desalination membranes and acid-alkali resistant membranes saw significant growth, aligning with the company's strategic expectations for domestic substitution and high-end product demand [3] - The company plans to continue leveraging its technological advantages to expand market applications for related products [3] Group 4: Subsidiary Performance - The growth of the subsidiary's plant fiber business is relatively weak, attributed to the correlation with real estate delivery volumes affecting furniture demand [3] - The company is exploring commercial projects in sectors like education and healthcare, while enhancing online and offline integration to improve operational efficiency [3]

Group 1: Financial Performance - The company's gross profit margin improved due to ongoing production line upgrades and enhanced production efficiency [1] - Supply chain management optimization and domestic material procurement significantly contributed to cost reduction and efficiency gains [1] Group 2: Capacity and Market Demand - Current production capacity can be further enhanced based on equipment upgrades, with infrastructure supporting additional capacity expansion [1] - The company can dynamically adapt its production scale to meet market demand increases, ensuring it does not become a bottleneck for growth [1] Group 3: Competitive Advantages - The company has achieved international advanced levels in product technology, tailored solutions to local application scenarios, and maintains a comprehensive service network [2] - Strong understanding of domestic industry policies and market characteristics allows for precise market trend identification and rapid product iteration [2] Group 4: Subsidiary Performance - The subsidiary, Daziran, leverages unique material properties to create differentiated competitive advantages and has built a stable customer base [3] - Daziran's introduction of a full-home customization brand enhances customer value and brand influence, aiming for stable revenue in 2024 despite challenging operating conditions [3]

Group 1: Company Operations and Production - The company has a low reliance on imported raw materials, ensuring stable production even if there are supply disruptions from the West [1] - The company can meet the technical requirements for producing 5nm and potentially 2nm chips, with water purity levels exceeding 18 megohms achievable through existing technologies [1] - The company reported normal operational conditions and plans to disclose its Q1 2025 report on April 25, 2025 [2] Group 2: Financial Performance and Growth - The company aims to continuously develop new technologies, products, and processes to convert potential customer needs into orders, while also focusing on cost control to enhance profitability [2] - The company’s overseas sales accounted for over 20% of total revenue in 2024, with ongoing efforts to expand in Southeast Asia, India, the Middle East, North Africa, Central Europe, Eastern Europe, and South America [4] - The company is considering stock repurchase plans to enhance market value, as its stock price has remained around 9 RMB for over five years [4] Group 3: Industry Outlook and Strategic Goals - The membrane industry is expanding beyond desalination to include applications in industrial concentration and separation processes, which opens new markets and opportunities [5] - The company’s core strategic goals for the next 3-5 years include becoming a leading manufacturer of membrane separation materials and a top provider of concentration separation system solutions [5] - The company is actively working on increasing production capacity through market expansion, new product applications, and optimizing production processes [6]