Group 1 - The core viewpoint of the news is that LianDe Co., Ltd. experienced a stock price increase of 5.03%, reaching 36.99 CNY per share, with a total market capitalization of 8.899 billion CNY [1] - LianDe Co., Ltd. is located in Hangzhou Economic and Technological Development Zone, established on February 12, 2001, and listed on March 1, 2021 [1] - The company's main business involves the research, design, production, and sales of high-precision mechanical components and precision cavity mold products, providing a one-stop service from casting to precision machining [1] Group 2 - The Green Fund has a significant holding in LianDe Co., Ltd., with the Green Xinli Six-Month Holding Period Mixed A Fund (017079) holding 78,200 shares, accounting for 1.84% of the fund's net value, ranking as the eighth largest holding [2] - The Green Xinli Six-Month Holding Period Mixed A Fund was established on March 20, 2023, with a latest scale of 70.4175 million CNY, and has achieved a year-to-date return of 14.77% [2] - The fund manager, Gao Jie, has a tenure of 5 years and 2 days, with a total asset scale of 13.09 billion CNY, while Liu Zan has a tenure of 3 years and 19 days, managing assets of 1.145 billion CNY [2]

Group 1 - The core viewpoint of the news is that Linde Co., Ltd. experienced a 5% increase in stock price, reaching 41.14 CNY per share, with a trading volume of 439 million CNY and a turnover rate of 4.61%, resulting in a total market capitalization of 9.898 billion CNY [1] - Linde Co., Ltd. is located in Hangzhou Economic and Technological Development Zone, established on February 12, 2001, and listed on March 1, 2021. The company specializes in the research, design, production, and sales of high-precision mechanical components and precision cavity molds, providing a one-stop service from casting to precision machining [1] - The main business revenue composition of Linde Co., Ltd. includes compressor components at 54.59%, engineering machinery components at 35.21%, and others at 10.21% [1] Group 2 - Among the top ten circulating shareholders of Linde Co., Ltd., a fund under Dongzheng Asset Management has entered the list, specifically the Oriental Red Hong Kong-Shenzhen Mixed Fund (002803), which acquired 2.232 million shares, accounting for 0.93% of the circulating shares. The estimated floating profit today is approximately 4.3747 million CNY [2] - The Oriental Red Hong Kong-Shenzhen Mixed Fund (002803) was established on July 11, 2016, with a latest scale of 2.477 billion CNY. Year-to-date returns are 46.14%, ranking 1356 out of 8219 in its category; the one-year return is 32.06%, ranking 1960 out of 8125; and since inception, the return is 129% [2]

Investment Rating - The report maintains a "Buy" rating for the company [2][9] Core Insights - The company reported a strong Q2 performance with a 37% year-on-year increase in net profit, driven by demand from data centers [5][6] - The company is positioned as a leader in the precision components segment for refrigeration compressor castings, with products being widely adopted in AI computing and data center temperature control systems [6] - The company is expanding its overseas operations, with a new factory in Mexico to meet North American demand and a marketing agency established in Japan [7] Financial Performance - For H1 2025, the company achieved revenue of 587 million yuan, a 1.53% increase year-on-year, and a net profit of 109 million yuan, up 11.66% [5] - The revenue breakdown for H1 2025 shows compressor components at 320 million yuan (down 6.4%), engineering machinery components at 206 million yuan (up 21.5%), and other components at 60 million yuan (down 8.8%) [6] - The gross margin improved by 1.67 percentage points to 36.84%, attributed to an increase in overseas revenue [6] Future Projections - Revenue forecasts for 2025-2027 are 1.232 billion yuan, 1.503 billion yuan, and 1.771 billion yuan, with year-on-year growth rates of 12.18%, 21.98%, and 17.81% respectively [8] - Projected net profits for the same period are 228 million yuan, 288 million yuan, and 354 million yuan, with growth rates of 21.38%, 26.76%, and 22.88% respectively [8]