Core Viewpoint - Times New Materials (600458) has successfully applied its new materials in the energy storage sector, covering various downstream applications such as large-scale storage, industrial storage, household storage, and data centers [1] Product Applications - The company offers a range of high-performance lightweight composite materials and advanced silicone products, including battery PACK covers, lower boxes, bottom protective plates, and pultruded end/side plates [1] - The products feature high insulation, thermal conductivity, sealing, and vibration reduction properties [1] Market Position - Times New Materials has entered the supply chain of leading industry players and has secured ongoing orders [1] - The company is accelerating the establishment of production lines in Zhuzhou and advancing the construction of the Yibin Phase I base [1]

Core Viewpoint - The company has successfully applied its new materials in the energy storage sector, covering various downstream applications and securing continuous orders from leading industry players [1] Group 1: Product Applications - The company's new materials are utilized in energy storage applications, including large-scale storage, commercial storage, household storage, and data centers [1] - Specific products include battery PACK covers, lower boxes, bottom protective plates, and high-performance lightweight composite materials, as well as advanced silicone materials with high insulation, thermal conductivity, sealing, and vibration reduction properties [1] Group 2: Market Position and Growth - The company has entered the supply chain of leading enterprises in the industry and is receiving ongoing orders [1] - The company is accelerating the establishment of production lines in Zhuzhou and advancing the construction of the first phase of the Yibin base [1]

Core Viewpoint - The earnings presentation of Fu'ao Co., Ltd. highlighted the importance of direct communication with investors to reduce information asymmetry and enhance investor relations, emphasizing that sustained performance growth is crucial for long-term market valuation [1][3]. Group 1: Company Performance and Strategy - In the first half of the year, Fu'ao Co., Ltd. achieved significant growth in its suspension systems, new energy, and intelligent connected vehicle sectors, securing multiple orders from major automotive manufacturers [2]. - The company obtained 141 new orders, with a projected lifecycle revenue of 320.5 billion yuan, where 73.9% of the orders are from the new energy sector [2]. - The management acknowledged the challenges faced in certain business segments and outlined strategies to address these issues while continuing to focus on core markets [2]. Group 2: Market Perception and Valuation - The management recognized the discrepancy between the company's stock performance and industry trends, attributing it to various complex factors, including market preferences and the transitional phase of the company [3][4]. - Fu'ao Co., Ltd. is committed to improving its core competitiveness and enhancing communication with the market to better reflect its intrinsic value [3]. - The company has distributed approximately 4.75 billion yuan in share buybacks and 36.8 billion yuan in cash dividends since its listing in 2013, demonstrating its commitment to shareholder returns [4].

Group 1 - The company has achieved rapid growth in its suspension systems, new energy, and intelligent connected vehicle sectors during the first half of the year, successfully securing multiple series of electronic control shock absorber orders from major automakers such as Chery, Seres, and Changan [2] - A total of 141 new orders have been acquired, with an expected lifecycle revenue of 32.05 billion yuan, of which 73.9% comes from the new energy sector [2] - The company has also obtained 79 orders from traditional markets, projecting a lifecycle revenue of 17.89 billion yuan, which accounts for 55.8% of the total, and 62 orders from newly expanded markets with a lifecycle revenue of 14.16 billion yuan, representing 44.2% [2] Group 2 - FUSAI, a subsidiary of the company, was established in 2020 and has focused on building research and development capabilities and expanding market orders, achieving significant breakthroughs in the supply chains of major automakers like Hongqi, Volkswagen, and Toyota [3] - The company has built a stable R&D output capability by obtaining various certifications, including CNAS national laboratory certification, ASPICE software level 3 certification, and TiSAX cybersecurity certification, along with ISO9001 and IATF16949 certifications [3] - FUSAI has rapidly entered the supply chains of major automakers, achieving comprehensive breakthroughs in core products such as screens, instruments, radar, antennas, and intelligent domain controllers, driving significant revenue growth [3]

Group 1: Company Performance and Market Strategy - The company emphasizes its commitment to market value management despite a stagnant market value over the past ten years, focusing on strategic areas such as lightweight, electrification, and intelligent connectivity [2][3] - Since its listing in 2013, the company has distributed nearly 4.7 billion CNY in cash dividends, stock dividends, and share repurchases, reflecting a commitment to shareholder returns [3] - The company has secured 141 new orders in the first half of the year, with a projected lifecycle revenue of 32.05 billion CNY, of which 73.9% comes from the new energy sector [4][5] Group 2: Challenges and Responses - The company acknowledges the impact of external factors such as macroeconomic conditions and market sentiment on stock performance, which may not fully reflect the company's actual value [3][7] - Management recognizes the significant undervaluation compared to industry peers and is actively working to improve this perception through solid operations and enhanced communication with investors [7][8] - The company is addressing challenges in various business segments, with notable growth in suspension systems and new energy sectors, while also managing risks in traditional markets [4][5] Group 3: Investor Relations and Communication - The earnings presentation serves as a crucial platform for the company to communicate its operational results and future outlook, aiming to reduce information asymmetry with investors [6] - Continuous performance growth is seen as a key driver for attracting long-term investors, with the company committed to transparent communication regarding its intrinsic value [6][8] - The management is focused on improving investor relations by addressing concerns and showcasing the company's growth potential and operational strengths [6][8]