Core Viewpoint - The company has sufficient orders on hand and plans to dynamically adjust production capacity based on market demand and customer orders, ensuring product delivery through a stable and controllable supply chain system [1] Group 1: Performance Drivers - The main drivers of the company's performance growth over the next 1-2 years will be the continuous ramp-up of Wi-Fi 7 FEM products and the steady increase in the supply of low-altitude economy and industrial IoT products [1] - New products such as vehicle networking C-V2X, UWB, and cellular RF front-end are gradually being launched, creating additional growth opportunities [1] Group 2: Strategic Focus - The company aims to leverage its core competitive advantages to continuously optimize its product portfolio, thereby solidifying its foundation for long-term growth [1]

Core Viewpoint - The company has sufficient orders on hand and plans to dynamically adjust production capacity based on market demand and customer orders, ensuring product delivery through a stable and controllable supply chain [1] Group 1: Orders and Production Capacity - The company currently has ample orders and will flexibly plan production capacity according to market demand and customer orders [1] - The company emphasizes a stable and controllable supply chain to guarantee product delivery [1] Group 2: Future Growth Drivers - The main drivers for the company's performance growth in the next 1-2 years will be the continuous ramp-up of Wi-Fi 7 FEM products [1] - The company expects steady growth in the supply of low-altitude economy and industrial IoT products [1] - New products such as C-V2X, UWB, and cellular RF front-end are gradually being launched, creating additional growth opportunities [1] - The company aims to leverage its core competitive advantages to continuously optimize product layout and solidify long-term growth foundations [1]

Group 1: Yinlong Co., Ltd. - Yinlong Co., Ltd. has a broad production base in the prestressed materials and concrete products for rail transit industry, adhering to market proximity and regional radiation principles [1] - The company is involved in multiple high-speed rail projects, such as the Xiong'an New Area to Shangqiu high-speed rail, ensuring production schedules align with project milestones [1] - The company is optimistic about future performance, with the PCCP industry expected to maintain a compound annual growth rate of 6%-7% until 2030 [1] Group 2: Kangxi Communication - Kangxi Communication's operating conditions are strong in the first half of 2025, with orders sufficient to cover until the fourth quarter of 2025 [2] - The company benefits from the increasing demand for Wi-Fi 7 products, with significant revenue growth driven by strong demand in industrial IoT products and high-efficiency drone products [2] - The 337 investigation is set to officially commence in July 2025, with an initial ruling expected by the end of the year [2] - The Wi-Fi 8 technology standard is anticipated to be established by the end of 2027, with product samples expected to be launched in 2026 [2]