1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report The report focuses on the 2025 semi - annual performance briefing of Sijin Intelligent, covering various aspects such as company operations, project progress, and future development strategies. The company aims to enhance its core competitiveness and market influence through R & D innovation, capacity expansion, marketing and service improvement, and investor relations management [23]. 3. Summary According to the Directory 3.1 Research Basic Situation - The research object is Sijin Intelligent, belonging to the general equipment industry. The reception time was on September 12, 2025. The company's reception staff included the chairman, general manager, deputy general manager, board secretary, financial director, and independent directors [16]. 3.2 Detailed Research Institutions - The reception objects were all investors participating in the company's 2025 semi - annual performance briefing through Value Online (www.ir - online.cn) [19]. 3.3 Research Institution Proportion No relevant content provided. 3.4 Main Content Information - **Measures to Boost Investor Confidence**: The company will strengthen R & D innovation, expand production capacity, improve marketing and after - sales services, and attach importance to investor relations. For example, it will continue to increase R & D investment, build a new project for multi - station precision warm forging intelligent forming equipment and integrated large - scale intelligent die - casting equipment, and implement the "Market Value Management System" [23][25]. - **Project Progress**: The project for manufacturing multi - station precision warm forging intelligent forming equipment and integrated large - scale intelligent die - casting equipment is expected to be completed in 2025. Some models of the warm forging intelligent forming equipment have entered the trial - production or debugging stage, and a prototype has successfully produced high - strength hexagon bolts [25][30]. - **Profit Situation and Reasons**: In the first half of 2025, the company's revenue increased by 7.28% year - on - year, but the net profit attributable to shareholders decreased by 40.31%. The increase in non - recurring profit in the first half of 2024 due to asset disposal was the main reason for the decline [26][28]. - **New Investment and Business Layout**: The company will focus on developing intelligent, high - station, large - diameter, and environmentally friendly cold - forming equipment, continue the serialization and industrialization of warm forging intelligent forming equipment, and customize large - scale integrated die - casting equipment according to customer needs [29][31]. - **Overseas Market Strategy**: The company will participate in overseas exhibitions, technical meetings, and magazine promotions to expand the Asia - Pacific and South American markets. As of the first half of 2025, the overseas sales accounted for 17.64% [32]. - **New Product Layout in the New Energy Vehicle Industry**: The company's products are widely used in the automotive industry. In 2024, the revenue from the new energy/traditional automotive field accounted for 46.28% of the annual revenue, and in the first half of 2025, it accounted for 38.77% [32]. - **Impact of Contract Liabilities on Performance**: As of June 30, 2025, the company's contract liabilities increased by about 19.96% compared with the end of the previous year, and the valid orders on hand were about RMB 360 million [34]. - **Mergers and Acquisitions Plan**: The company is currently focused on its main business but will also pay attention to merger and acquisition opportunities that match its development strategy [34]. - **Long - Term Performance Expectation**: The company has sufficient orders on hand and is confident in future performance growth [35]. - **Application in the Robot Industry**: The company's products can be used to produce robot parts. In 2024, the revenue from the industrial robot field accounted for 0.66% of the annual revenue [36]. - **Challenges Faced**: The company needs to expand production capacity to speed up the delivery of heavy - equipment orders and improve its market share by following industry trends and customer needs [37].

Core Viewpoint - The company held a performance briefing for the first half of 2025, discussing strategies to enhance competitiveness and address declining net profits [1] Group 1: Performance and Financials - In the first half of 2025, the company reported operating revenue of 334.55 million yuan, a year-on-year increase of 7.28% [1] - The net profit attributable to shareholders was 72.03 million yuan, a year-on-year decrease of 40.31%, primarily due to a significant drop in non-operating gains [1] - The net profit excluding non-recurring gains was 69.11 million yuan, reflecting an increase of 8.76% year-on-year [1] Group 2: Strategic Initiatives - The company plans to enhance competitiveness through four main strategies: increasing R&D investment, expanding production capacity, improving marketing and after-sales service, and strengthening investor relations [1] - A new multi-station precision warm forging intelligent forming equipment project is expected to be completed by 2025, aimed at accelerating delivery of heavy equipment [1] Group 3: Market and Business Development - The company is focusing on the development of intelligent cold forming equipment and expanding into downstream markets [1] - In the first half of 2025, overseas sales accounted for 17.64% of total sales, with a focus on markets in India and Thailand [1] - The company reported that contract liabilities increased by approximately 19.96% compared to the end of the previous year, with effective orders amounting to about 360 million yuan as of June 30, 2025 [1] Group 4: Challenges and Future Outlook - The company faces challenges in expanding production capacity to meet heavy equipment order delivery timelines, with three production bases currently operational [1] - The company is also exploring merger and acquisition opportunities within the industry to enhance product value [1]