Core Viewpoint - Jindao Technology (301279) reported a significant increase in net profit for the first half of 2025, with plans to implement an employee stock ownership plan to enhance long-term development [1][2] Financial Performance - In the first half of 2025, the company achieved operating revenue of 352 million yuan, representing a year-on-year growth of 9.69% [1] - The net profit attributable to shareholders was 32.026 million yuan, reflecting a year-on-year increase of 46.35% [1] - The net profit after deducting non-recurring gains and losses was 30.039 million yuan, up by 37.97% year-on-year [1] Employee Stock Ownership Plan - The company plans to grant shares at a price of 12.67 yuan per share to no more than 50 directors, supervisors, and core personnel, with total funding not exceeding 5.7015 million yuan [1] - The stock involved in the employee stock ownership plan will be repurchased A-share common stock, with a cap of 450,000 shares, accounting for 0.35% of the total share capital [1][2] Industry Position and Strategy - Jindao Technology has been deeply involved in the forklift transmission industry for many years, offering a complete range of products and reliable quality [2] - The company is one of the first private enterprises in China to enter the forklift transmission field and is among the few that have penetrated the supply chains of internationally renowned forklift manufacturers [2] - The company has established partnerships with notable international clients such as Toyota, Mitsubishi, Doosan, Kion Group, and others [2] Innovation and Product Development - The company has continuously engaged in technological reforms and service expansion within the forklift transmission industry, enhancing product quality and establishing a comprehensive competitive advantage [2] - Jindao Technology is committed to launching high-end new products that align with industry trends, leveraging its design, development, and production technology [2] - The company has completed the prototype of its integrated electric drive product and is currently validating its electric drive axle products with customers [2]

Group 1: Financial Performance - In 2024, the company reported a revenue of 621 million yuan, a decrease of 4.58% year-on-year, and a net profit attributable to shareholders of 42.70 million yuan, down 13.04% year-on-year [1] - For Q1 2025, the company achieved a revenue of 176 million yuan, an increase of 10.05% year-on-year, and a net profit attributable to shareholders of 14.66 million yuan, up 66.39% year-on-year [1] Group 2: Cash Dividend and Share Buyback - The company plans to distribute a cash dividend of 2.6 yuan per 10 shares, totaling 25.77 million yuan, with a cash dividend ratio of 60.36% for 2024 [2] - Since its listing in 2022, the company has maintained a high dividend policy, with cash dividend ratios exceeding 60% from 2022 to 2024 [2] - In 2024, the total amount for cash dividends and share buybacks reached 36.24 million yuan, accounting for 84.88% of the net profit attributable to shareholders [2] Group 3: Industry Position and Product Development - The company has been deeply involved in the forklift transmission industry for many years, being one of the first private enterprises in China to enter this field and successfully entering the supply chain of international forklift manufacturers [3] - The company has developed a complete core technology system for forklift transmissions, including noise analysis and control technology, gear optimization design technology, and electro-hydraulic control technology [3] - In 2024, the company sold 91,300 units of electric forklift transmissions, receiving high recognition from downstream customers [4] Group 4: Future Outlook and Strategic Initiatives - The company is focusing on the new energy forklift market, having established a production line for 80,000 sets of electric forklift drive units and is advancing the industrialization and scale production of specialized transmission devices for new energy logistics [4] - Looking ahead to 2025, the company aims to expand its core products, including high-end internal combustion forklift transmissions and electric forklift transmissions, while actively developing high-value-added new products [4]