Group 1: Financial Performance - The company achieved a revenue of 114 million CNY in Q3 2025, representing a quarter-on-quarter growth of 16.34%, indicating an improvement in operational performance [2] - The semiconductor-grade quartz crucible sales revenue saw a significant year-on-year increase, contributing positively to overall revenue growth [4] Group 2: Market Strategy and Customer Relations - The company is actively expanding its customer base while maintaining stable partnerships with major silicon wafer manufacturers, focusing on both existing and new clients [3] - In the solar-grade quartz crucible sector, the company collaborates with leading firms such as TCL Zhonghuan and JinkoSolar, while also promoting product validation with top enterprises [5] Group 3: Industry Trends and Pricing - The prices of silicon materials and wafers have stabilized and slightly increased due to industry self-discipline and policy guidance, reflecting positive market conditions [3] - The company anticipates that measures to eliminate low-price competition and promote the exit of outdated production capacity will enhance resource allocation and improve the competitive landscape in the photovoltaic industry [3] Group 4: Production and Inventory Management - The company employs a dynamic inventory management strategy for key raw materials, including safety stock and batch purchasing, to ensure production continuity [5] - The company is committed to enhancing the automation level of its semiconductor-grade quartz crucible production line and improving production management systems [4]

Core Viewpoint - The company, Oujing Technology, is one of the few manufacturers capable of mass-producing large-sized quartz crucibles, significantly enhancing the feedstock volume and unit output for downstream single crystal pulling [1] Group 1: Product Capabilities - The company can produce 42-inch solar-grade quartz crucibles, which greatly increases the feedstock volume for downstream applications [1] - The company has achieved mass production capability for 32-inch semiconductor-grade quartz crucibles, effectively replacing imports [1] Group 2: Technological Advancements - The company's research and development of long-life quartz crucibles has achieved a breakthrough with an extreme test duration of 650 hours, pushing the industry's product heat resistance and anti-crystallization technology to new heights [1] - This advancement helps reduce the overall costs in the supply chain [1] Group 3: Intellectual Property and R&D Team - As of June 30, 2025, the company has obtained a total of 222 patents, including 13 invention patents and 206 utility model patents [1] - The R&D team is experienced and continuously researches new projects and processes, converting technological advancements into improved product quality and service [1]