Company Overview - Established in May 2001, located in Wujin National High-tech Industrial Development Zone, the company is a leading manufacturer of precision safety structural components for cylindrical lithium batteries [1] - Main products include lithium battery combination caps and large cylindrical structural components, with significant R&D capabilities and a strong market position [1] - Collaborates with major industry clients such as LG Energy, Tesla, and others, focusing on high-end product markets [1] Financial Performance - In the first half of 2025, the company achieved revenue of CNY 31,785.51 million, a decrease of 3.23% year-on-year [2] - Net profit attributable to shareholders was CNY 1,660.43 million, down 63.11% compared to the previous year [2] - The decline in revenue was attributed to increased competition in the electric vehicle market, leading to cost pressures and a decrease in product prices [2] Operational Challenges - The Korean subsidiary reported losses due to incomplete capacity release and rising operational costs, despite achieving batch production capability [2] - Increased R&D investments and rising labor costs contributed to the decline in profit levels [2] Product Development and Market Outlook - The company focuses on developing precision structural components that meet the high energy density, safety, and reliability requirements of lithium batteries [2] - Plans to enhance product competitiveness and profitability by aligning with the latest developments in cylindrical lithium battery structural components [3] - Anticipates a recovery in performance in the second half of 2025, with improved revenue and profit levels compared to the first quarter [3]

资料显示，常州武进中瑞电子科技股份有限公司位于江苏省常州市武进国家高新技术产业开发区镜湖路 11号、11-1号，成立日期2001年5月31日，上市日期2024年4月8日，公司主营业务涉及主要从事圆柱锂 电池精密安全结构件的研发、生产和销售。主营业务收入构成为：组合盖帽80.75%，其他11.96%，大 圆柱结构件7.29%。 截至8月29日，中瑞股份股东户数1.09万，较上期减少4.32%；人均流通股6744股，较上期增加4.52%。 2025年1月-6月，中瑞股份实现营业收入3.18亿元，同比减少3.23%；归母净利润1660.43万元，同比减少 63.11%。 分红方面，中瑞股份A股上市后累计派现5156.48万元。 责任编辑：小浪快报 9月10日，中瑞股份跌2.45%，成交额1.45亿元。两融数据显示，当日中瑞股份获融资买入额1465.35万 元，融资偿还1557.59万元，融资净买入-92.24万元。截至9月10日，中瑞股份融资融券余额合计6592.23 万元。 融资方面，中瑞股份当日融资买入1465.35万元。当前融资余额6592.23万元，占流通市值的3.70%，融 资余额超过近一年90%分位水平 ...

Group 1: Company Performance - The company experienced a slight decline in revenue in the first half of 2025, with net profit significantly decreasing, indicating a situation of increasing revenue but decreasing profit [3] - The company reported that the second quarter showed an upward trend in both revenue and profit compared to the first quarter, suggesting a potential recovery [3] - The company plans to enhance its performance in the second half of 2025 by increasing R&D investment, expanding new markets and product lines, and improving product and service value [3] Group 2: Collaborations and Market Position - The company has established deep collaborations with international clients such as LG and Tesla, as well as domestic and international lithium battery manufacturers and new energy vehicle companies [3] - The company is actively seeking partnerships with well-known domestic and multinational companies in the new energy vehicle sector, including Geely, BYD, Mercedes-Benz, and BMW [2] - The company’s products are positioned as industry-leading in terms of performance, consistency, and stability, meeting high safety and power output demands [3] Group 3: R&D and Future Projects - The company is currently working on several R&D projects related to large cylindrical structural components, including various types of structural parts and nickel-plated steel shells for lithium batteries [4] - The new cylindrical lithium battery precision metal structural component project commenced construction in April 2025 and is currently in the construction phase [5] - Revenue from emerging fields such as aerospace satellites, low-altitude economy, and solid-state batteries is relatively small compared to overall income [5] Group 4: Investor Relations and Market Management - The company emphasizes the importance of market sentiment, macroeconomic conditions, and industry competition as factors influencing its stock price [3] - The company is committed to improving market value management through enhanced information disclosure, investor communication, and shareholder returns [3] - The company assures that any forward-looking statements regarding future plans and strategies do not constitute substantive commitments to investors [5]

Company Overview - Changzhou Wujin Zhongrui Electronic Technology Co., Ltd. was established in May 2001 and is located in the Wujin National High-tech Industrial Development Zone [2] - The company is a leading manufacturer and seller of precision safety structural components for cylindrical lithium batteries, with a focus on high-end products [2] - In 2024, the company achieved a revenue of CNY 636.50 million and a net profit of CNY 75.08 million attributable to shareholders [2] Market Position and Client Relationships - The company has established close partnerships with leading clients in the industry, including LG Energy, Tesla, and others, ensuring a stable cooperation [2] - The company focuses on high-end markets and continues to develop quality clients in sectors such as new energy vehicles and smart home applications [2] Financial Performance and Projections - The main reasons for the revenue decline in 2024 include adjustments in procurement needs from key clients and price pressures in the industry [3] - In Q1 2025, the company reported a revenue of CNY 139.96 million and a net profit of CNY 7.52 million attributable to shareholders [3] - The company expects continued growth in the lithium battery industry and aims to enhance its performance in 2025 [3] Product Development and Technical Focus - In 2024, the revenue from large cylindrical structural components accounted for approximately 10.88% of total revenue, showing an increase compared to previous years [3] - The company is focusing on enhancing the capacity, discharge rate, safety, and lifespan of large cylindrical battery components, with ongoing R&D projects [3] Investment Projects - The construction of the new precision metal structural components project for large cylindrical lithium batteries is progressing smoothly, with civil engineering already underway [3] Compliance and Communication - The company adheres strictly to information disclosure regulations during investor communications, clarifying that forward-looking statements do not constitute substantial commitments to investors [4]