The information set forth in this presentation relates to the business of Impro Precision Industries Limited (the "Company", together with its subsidiaries, the "Group") for the year ended December 31, 2025. This presentation is intended to provide updated information on the Group for the year ended December 31, 2025 and does not constitute an offer, solicitation, invitation or recommendation to subscribe for or purchase any securities of any member of the Group. The information in this presentation is in s ...

Group 1 - The manufacturing value-added growth rate is 6.7%, which is 3.5 percentage points higher than the provincial growth rate of 3.2% [2] - The city ranks third in the province for manufacturing investment growth, indicating stable growth in the manufacturing sector [2][3] - The city has successfully introduced 314 projects with investments below 5 million and 175 projects for orderly industrial transfer, completing 253.6% of the provincial task [3] Group 2 - The main platforms in Qingyuan, including Qingcheng, Qingxin, and Fogang industrial parks, have been rated as the best in the province, showcasing a focus on clustered and specialized development [4] - The city has implemented the "High-Quality Development Action Plan for Industrial Parks," which includes reforms in approval services and the establishment of a service mechanism for parks [6] Group 3 - The city is focusing on building a modern industrial system, categorizing and nurturing emerging, traditional, and future industries [8] - A total of 172 small enterprises have been upgraded to standardized industrial enterprises, contributing to the industrial base [26] Group 4 - The city has created 3 provincial-level characteristic industrial clusters, ranking first in northern Guangdong [11] - The food industry in Qingcheng has been selected as a pilot county for provincial food industry cultivation, with two pilot counties in total [12] Group 5 - The city has established 31 provincial-level enterprise technology centers and has one enterprise listed in the Ministry of Industry and Information Technology's key cultivation list for pilot platforms [32] - A total of 13 new provincial-level green factories have been added, bringing the cumulative total to 39, leading in both new and cumulative numbers in northern Guangdong [32] Group 6 - The electronic information manufacturing industry has achieved an output value of 362.9 billion, with a year-on-year growth of 14.8% [44] - The city has built 11,462 5G base stations, achieving full coverage in key areas, with a broadband user base of 1.398 million and a 5G user base of 2.864 million, resulting in a penetration rate of 71.8% [43]

Group 1 - Xu Renrui, former vice president of the China Foundry Association and director of the Shenyang Foundry Research Institute, passed away on February 20, 2026, at the age of 86 due to illness [1][2] - During his tenure as the director of the Shenyang Foundry Research Institute, Xu led and participated in major projects such as the 863 Program, 973 Program, and the Three Gorges Project, contributing significantly to the development of aerospace, marine military industry, and water conservancy in China [1][2] - Xu Renrui was a senior expert and researcher in the foundry field, dedicating his life to the industry through technology promotion, consulting, platform building, and authoring "History of China's Foundry Development," thus playing a foundational role in the advancement of China's foundry industry [2][3]

Group 1 - The document is related to the China Machinery Industry Group Shenyang Casting Research Institute Co., Ltd. and its affiliations with the China Foundry Society and the National Foundry Standardization Technical Committee [2] Group 2 - The publication date of the document is February 21, 2026, indicating a future context for the information presented [2]

Group 1 - In 2025, Yizheng City achieved an average PM2.5 concentration of 28.7 micrograms per cubic meter, a year-on-year decrease of 3.7%, and an air quality good days ratio of 82.5%, ranking first among the nine counties and cities in Yangzhou [1] - Yizheng City successfully completed all 38 key air pollution control projects in 2025, laying a solid foundation for air quality improvement [3] - The city implemented targeted pollution control measures for key industries, including the successful conversion of biomass boiler fuel to natural gas at Yangzhou Huateng Dyeing Co., Ltd. and the installation of wet electrostatic precipitators at Yangzhou Jinteng Environmental Technology Co., Ltd. [3] Group 2 - Yizheng's ecological environment bureau coordinated with various departments to enhance dust pollution control, resulting in the identification, reporting, and rectification of 603 dust pollution issues throughout 2025 [5] - The chemical park was identified as a key area for air pollution control, with 228 VOC-related issues reported and 226 successfully rectified [5] - The bureau maintained a combination of regular management and source reduction, exceeding annual reduction targets for air pollutants [7] Group 3 - In 2025, Yizheng planned to reduce nitrogen oxides by 190 tons and volatile organic compounds by 14 tons, but achieved actual reductions of 701.209 tons and 233.7888 tons, respectively, significantly exceeding targets [8] - The city also eliminated 59 diesel trucks that did not meet the National III emission standards, further reducing mobile source pollution [8] - The city recorded 301 days of good air quality, marking a milestone in ecological protection and a new starting point for green development [8]

Group 1 - The core business of Mingzhi Technology focuses on sand casting, with a development strategy to strengthen casting equipment, expand casting production, and refine casting services [2] - As of September 30, 2025, Mingzhi Technology reported a revenue of 370 million yuan, a year-on-year decrease of 15.01%, and a net profit attributable to shareholders of 44.15 million yuan, down 16.56% year-on-year [2] - The company has distributed a total of 166 million yuan in dividends since its A-share listing, with 117 million yuan distributed in the last three years [3] Group 2 - On January 29, 2025, Mingzhi Technology's stock price fell by 0.65%, with a trading volume of 25.01 million yuan [1] - The financing buy-in amount on January 29 was 2.82 million yuan, with a net financing buy of 832,700 yuan, indicating a relatively high financing balance of 33.88 million yuan, which accounts for 1.38% of the circulating market value [1] - The company has seen an increase in the number of shareholders, reaching 5,353, which is a 5.29% increase compared to the previous period [2]

Core Viewpoint - The article highlights the historical significance and industrial contributions of a 10-ton cupola furnace located in the Shenyang Industrial Museum, emphasizing its role in the development of China's industrial capabilities over the decades [3][7]. Industry Overview - The cupola furnace has been operational since 1956, witnessing the evolution of the casting industry from manual labor to semi-automation and technological advancements [6][7]. - It has melted nearly one million tons of iron and produced over 600,000 tons of castings during its 51 years of service, reflecting the dedication and hard work of generations of industrial workers [7]. Historical Context - The furnace played a crucial role in the production of China's first large-scale oxygen machine components during a national industrial campaign in 1976, showcasing the urgency and commitment of the workforce [4][5]. - The narrative illustrates the challenges faced by workers in the pre-automation era, highlighting the physical demands and the evolution of techniques in the casting process [6]. Technological Advancements - The transition from manual to mechanized processes in sand handling and casting has marked significant progress in the industry, culminating in the introduction of automated production lines [6]. - The furnace stands as a testament to the resilience and innovation of the workforce, who adapted to changing technologies while maintaining high standards of production [6][7].

Core Viewpoint - Hongde Co., Ltd. (301163) expects a net profit attributable to shareholders of 38.5 million to 46 million yuan for 2025, representing a year-on-year growth of 80.36% to 115.5% [2] Group 1: Business Focus - The company continues to focus on its core business, specifically in the areas of cast iron and cast aluminum [2] - The revenue and profitability of the cast aluminum business have improved, contributing to the overall increase in the company's performance [2]

Core Viewpoint - The article emphasizes the importance of industrial development as a driving force for urban growth, highlighting the transformation and revitalization efforts in Fuxin, which aims to build a modern industrial system to support high-quality development [8][19]. Group 1: Industrial Development and Strategy - Fuxin is focusing on upgrading its industrial system by aligning with Liaoning Province's "2211" industrial layout and creating an "8151" modern industrial system, which includes 8 advantageous industrial clusters, 15 key industrial chains, and 100 key enterprises [9][10]. - The Daqing Fuxin coal-to-natural gas project is a key national energy strategy project and represents the largest single investment in Fuxin's history, utilizing Mongolian East lignite as raw material to produce natural gas [9][10]. - The project aims to enhance energy security, optimize the provincial energy structure, and promote green and low-carbon development, serving as a pivotal point for industrial upgrading and diversification in Fuxin [9][10]. Group 2: Technological Innovation and Transformation - Companies in Fuxin are actively pursuing digital transformation and technological upgrades, with examples like Wanda Foundry Group implementing smart manufacturing processes to enhance efficiency and precision [13][14]. - The article highlights the importance of innovation in traditional industries, showcasing how companies like Liaoning Jianxing Solid Waste Resource Recycling Co. are utilizing advanced technologies to address waste disposal challenges while achieving resource recycling [14][15]. - The modernization of production lines in the food processing sector, such as at Liaoning Zhengyuan Food Co., is also noted, with plans to introduce automated production lines to improve efficiency and product quality [15]. Group 3: Supportive Business Environment - Fuxin's government is actively facilitating a supportive business environment by addressing challenges faced by enterprises, such as coordinating between departments to resolve issues like safety concerns related to infrastructure [16][18]. - The establishment of dedicated project managers and streamlined communication channels between various government departments has significantly reduced bureaucratic hurdles for businesses, enhancing their operational efficiency [18]. - The article illustrates how these supportive measures have led to faster project completion times, exemplified by Wanda Foundry's new R&D building being completed in less than a year [18].

Core Insights - The article highlights the establishment of various shared platforms in Shexian, which facilitate collaboration among local enterprises, enhancing efficiency and reducing costs in the steel industry [3][15] - The development of shared testing and manufacturing centers is transforming Shexian into an innovation hub, allowing local companies to access advanced technologies and resources without significant investment [5][9] Group 1: Shared Platforms - The shared detection center in Shexian enables local small and medium-sized enterprises to conduct necessary testing without leaving the county, significantly lowering testing costs [1] - The concept of "shared manufacturing" is introduced, which includes shared detection, research and development, and contract manufacturing, promoting collaborative efforts among businesses [3] Group 2: Innovation and R&D - The Tian Dong Thermal Media Shared R&D Center collaborates with institutions like Tianjin University and the Chinese Academy of Sciences to tackle core technologies in new materials, thus reducing innovation risks for local enterprises [5] - The establishment of shared manufacturing centers, such as the Yuzhu Liangpin Foundry Shared Manufacturing Center, addresses production interruptions and order delivery risks for small foundries by providing specialized services [9] Group 3: Cost Reduction and Competitiveness - The Shunheng Shared Contract Manufacturing Center offers local enterprises essential pre-treatment services, eliminating the need to outsource these processes, which enhances local competitiveness and reduces costs [12] - The four shared centers collectively empower leading enterprises, fostering collaboration and innovation while promoting sustainable development in the region [15]