Group 1 - The company, Sijin Intelligent (003025), will provide specific sales figures for its cold heading forming equipment in the "Management Discussion and Analysis" section of its annual report, particularly in the subsection "1. Main Products and Their Uses" [1] - For the fiscal year 2024, the sales volume of cold heading forming equipment with five or more workstations is expected to account for approximately 50.85% of total sales [1] - Detailed information will be disclosed in the company's 2024 annual report, scheduled for release on April 26, 2025, under the same section [1]

Group 1: Company Overview - Ming Sheng Asset Management Company was established on November 11, 2014, and specializes in providing high-yield financial services as a third-party wealth management institution [2] - The company focuses on asset management, covering traditional investment areas such as stocks, bonds, and securities investment funds [2] - Ming Sheng Asset adopts an independent, fair, objective, and prudent approach to identify and select stable return financial products for investors [2] Group 2: Industry Insights - Si Jin Intelligent introduced the entry barriers in the cold forging equipment industry, which include technology, talent, and customer barriers [1] - The delivery cycle for products varies, with small to medium models taking 3-5 months and heavy equipment taking 6-12 months, indicating a strong order backlog [1] - The demand for non-standard shaped parts is increasing, and the company is expanding its application areas through personalized design [1] - The lifespan of cold forming equipment is generally around 10 years, and the industry does not exhibit significant seasonal characteristics [1] - The marketing model is direct sales, with overseas sales concentrated in countries like India and Thailand, using FOB terms for delivery [1] - The company has successfully developed multiple eight-station cold forming equipment and has completed order deliveries [1] - Multi-station intelligent precision warm-hot forging equipment is in substantial development, with core technology being mastered [1] - The warm-hot forging and large intelligent die-casting equipment manufacturing project is expected to be completed by 2025, aiming to produce multi-station precision warm-hot forging intelligent forming equipment and large intelligent die-casting equipment [1]