Core Points - Jiangsu Province's Ministry of Industry and Information Technology has announced the list of recognized "Three Firsts and Two New" technology products for 2025, with 30 products from the city selected, highlighting the strong performance of Haizhou District, which accounted for one-third of the total [2] - The "Three Firsts and Two New" initiative aims to promote the development of innovative products with independent intellectual property rights and core competitiveness, covering high-end equipment and new materials [2] - Lianyungang Yingyou Textile Machinery Group, located in Haizhou District, has three products recognized, showcasing the company's innovation capabilities, with two products reaching international advanced levels and one being domestically leading [2] - The LMV821KF stretching setting machine, part of Yingyou's offerings, features segmented sealing and intelligent temperature control, significantly reducing energy consumption and improving processing adaptability [3] - Tianbang Technology, another "Little Giant" enterprise in Haizhou District, has developed a locking-type sealing device that addresses long-standing oil and gas leakage issues in the petrochemical industry, with plans for a new intelligent monitoring system to enhance safety and service quality [5] - The recognition of 10 technology products from Haizhou District reflects the concentrated efforts of local enterprises in core technology breakthroughs and collaborative innovation within the industry chain [5]

Core Viewpoint - Yuanxin Industrial (301053) has achieved significant growth in 2024, with revenue reaching 616 million yuan, a year-on-year increase of 26.31%, and net profit of 48.36 million yuan, up 164.10% [1][2] Financial Performance - The company reported a revenue of 616 million yuan for 2024, marking a 26.31% increase year-on-year [1][2] - Net profit reached 48.36 million yuan, reflecting a 164.10% growth compared to the previous year [1][2] - The non-recurring net profit was 41.63 million yuan, up 181.06% year-on-year [1][2] - The company distributed a cash dividend of 3.00 yuan per 10 shares, totaling 24.53 million yuan [1][7] Business Development - Yuanxin Industrial is focusing on transforming its product offerings towards diversification, series development, and intelligence, leading to substantial sales growth [2] - The sales revenue from the stretching shaping machine business was 497 million yuan, a 34.57% increase year-on-year [2] - The high-temperature intelligent dyeing machine generated revenue of 61.63 million yuan, up 16.21% [2] - Domestic sales reached 551 million yuan, a 14.99% increase, while overseas sales surged to 65.74 million yuan, a remarkable 621.42% growth [2] R&D and Innovation - As a national high-tech enterprise, Yuanxin Industrial has established a robust R&D system, holding 138 patents and 33 software copyrights [3] - The company has invested 33.23 million yuan in R&D, accounting for 5.39% of its revenue [3] - The company has developed key technologies such as the "hot air stretching shaping machine control system" and "energy recovery technology," receiving multiple awards for its innovations [3] Investment Projects - In 2024, Yuanxin Industrial successfully issued convertible bonds, raising 287 million yuan for the high-end dyeing equipment manufacturing project [4] - The project is expected to produce 700 high-efficiency automatic dyeing machines and 200 energy recovery devices annually, with projected sales revenue of 545.5 million yuan and net profit of 56.96 million yuan upon full production [4] - The project aligns with the green and intelligent development trends in the textile industry, enhancing the company's market competitiveness [5] Market Strategy - The company is expanding its service network, focusing on regions such as Jiangsu, Fujian, Guangdong, Shandong, and Guangxi, and has established an office in Vietnam to better serve Southeast Asian customers [2] - Yuanxin Industrial aims to enhance customer loyalty and brand influence in the textile machinery manufacturing sector through improved service quality and lifecycle management [2][5] Future Outlook - The company plans to continue its focus on intelligent and energy-saving technologies, with innovations such as AI-based control software and unique dyeing machines that fill market gaps [8] - Yuanxin Industrial is committed to leading the green and fashionable textile industry, aiming to expand its international presence while maintaining a strong domestic market focus [8]