Core Viewpoint - The company is enhancing its capabilities in the intelligent single-machine equipment sector through strategic investments and market expansion efforts [1] Group 1: Business Development - The company's subsidiary, Shanghai Youlipu Intelligent Equipment Manufacturing Co., Ltd., focuses on the research, manufacturing, and sales of intelligent single-machine equipment, with a core emphasis on conveying systems [1] - To increase production capacity in the intelligent single-machine business, the company plans to invest in an industrialization base for intelligent transmission systems in Kunshan, which will involve relocating the existing production base [1] - A wholly-owned subsidiary has been established in Guangdong to strengthen market penetration and enhance the market share of intelligent single-machine business in the Guangdong-Hong Kong-Macao Greater Bay Area [1]

Group 1: Company Performance and Financials - The company completed a share repurchase in 2024 and has a history of cash dividends to enhance shareholder value [2] - As of June 30, 2025, the total revenue from signed contracts yet to be fulfilled is ¥329.19 million [3] - The company achieved a total revenue of ¥1,141.15 million in the first half of 2025, with the intelligent single machine business contributing ¥20.68 million, representing a small portion of total revenue [3] Group 2: Product Development and Technology - The lightweight conveyor belt technology has improved performance through the use of new polymer materials, enhancing durability and environmental sustainability [3] - Continuous improvements in production processes, such as mixing and vulcanization, have led to increased product quality and production efficiency [3] Group 3: Operational Updates - The Thailand factory has completed construction and is in the ramp-up phase, utilizing advanced production equipment and management systems to enhance production capacity [5] - The company is focused on optimizing production processes and resource allocation to steadily increase capacity at the Thailand facility [5]

Core Viewpoint - The company has shown a positive growth trajectory in its financial performance for the first half of 2025, with significant increases in revenue and net profit, alongside strategic advancements in operational efficiency and market expansion [5][6][8]. Financial Performance - The company achieved operating revenue of 1,141.15 million yuan, a year-on-year increase of 17.01% [5]. - The net profit attributable to ordinary shareholders was 112.81 million yuan, reflecting a 14.99% increase compared to the previous year [5]. - The net cash flow from operating activities reached 157.29 million yuan, marking a substantial increase of 71.01% year-on-year [5]. Business Segments Lightweight Conveyor Belt Business - This segment generated revenue of 563.70 million yuan, up 11.40% year-on-year, accounting for 49.40% of total revenue [6]. - The net profit for this segment was 34.15 million yuan, a significant increase of 38.15% year-on-year, driven by sales growth and effective cost control [6]. - The net cash flow from operating activities in this segment was 34.75 million yuan, a remarkable increase of 688.49% year-on-year [6]. Precision Molding Business - The precision molding segment reported revenue of 577.45 million yuan, a 23.06% increase year-on-year, representing 50.60% of total revenue [8]. - The net profit for this segment was 78.65 million yuan, with a more modest increase of 7.18% year-on-year due to changes in product structure and increased expenses [8]. - The net cash flow from operating activities in this segment was 122.53 million yuan, up 25.18% year-on-year [8]. Key Developments - The company successfully completed and commenced operations at its manufacturing facility in Thailand, enhancing production capacity and efficiency [9]. - New business revenue continued to grow, with notable increases in various product lines, including a 37.12% increase in synchronous belt revenue and an 85.05% increase in intelligent single machine business revenue [10]. - The company invested 37.88 million yuan in R&D, representing 3.32% of total revenue, a 20.14% increase from the previous year, and secured 12 new patents during the reporting period [10][11]. Investor Relations and Corporate Governance - The company emphasized strict adherence to internal control systems and effective communication with investors, including a cash dividend distribution of 0.65 yuan per share, totaling 52.86 million yuan [12].