Performance and Business Situation - The company expects a net profit loss of 37.5 million to 75 million yuan for 2025, a significant reduction in losses by 67.2%-83.6% compared to a loss of 228 million yuan in 2024, primarily due to breakthroughs in multi-phase measurement products in the Middle East market, with a 37% year-on-year revenue growth in the first half of 2025 [1] - The company completed the sale of 99.33% equity in its subsidiary for 370 million yuan, recovering a total of 200 million yuan, which enhances cash flow and reduces debt pressure, aligning with its strategy of "improving quality and efficiency, focusing on core business" [1] - The company's well testing management system (WTMS) has achieved commercial implementation in Oman, securing framework contracts for the next two years, indicating a breakthrough in digital technology overseas [1] Financial and Technical Aspects - As of February 24, 2026, the stock price broke through the 20-day moving average and the middle band of the Bollinger Bands, indicating a strengthening short-term trend [2] - There was a net outflow of 12.51 million yuan from main funds on February 10, while retail funds saw a net inflow of 10.84 million yuan, reflecting active trading amid market divergence regarding the loss reduction logic [2] - Following the change of control in July 2025, the new chairman's spouse announced a share purchase of 10 to 20 million yuan, signaling management's recognition of long-term value [2] Industry and Risk Analysis - The company's operating cash flow net amount decreased by 42.82% year-on-year in the first half of 2025, indicating potential cash collection pressure or significant cash consumption during business expansion [3] - The fracturing equipment business faces revenue and gross margin declines due to intensified market competition, which may continue to drag down overall profits in the short term [3] - The stock price fluctuation is a result of expectations for improved fundamentals, including loss reduction and asset divestiture, combined with market sentiment and technical factors [3]

Core Viewpoint - Haimer Technology (300084) is expected to significantly reduce its net profit loss for the fiscal year 2025, projecting a loss of 37.5 million to 75 million yuan, which represents a reduction of 67.2% to 83.6% compared to the same period in 2024, indicating a positive shift in the company's operational fundamentals [1] Group 1: Financial Performance - The improvement in the company's performance is primarily attributed to the continuous release of profitability from its core business, with revenue from multiphase flow meter products and related services reaching approximately 110 million yuan in the first half of 2025, a year-on-year increase of 37% [2] - Sales revenue from multiphase measurement products was about 50 million yuan, while related service revenue was approximately 60 million yuan, reflecting year-on-year growth of 49% and 29% respectively [2] Group 2: Strategic Developments - Haimer Technology is advancing multiple asset integration efforts in 2025 to optimize its asset structure and focus resources, expecting to recover 500 million yuan by transferring non-core business equity and related assets, which will enhance cash flow and optimize financial structure [3] - The company has signed a strategic agreement with a leading domestic investment institution to establish an industrial fund focusing on new productive forces such as semiconductors and artificial intelligence, aiming to cultivate new long-term development momentum [3] Group 3: Talent and Incentives - The company has implemented an equity incentive plan covering core management, technical personnel, and key business staff, effectively aligning employee interests with the long-term development of the company, providing important support for strategic execution [3] Group 4: Future Outlook - Overall, Haimer Technology is combining solidification of its main business, asset optimization, and strategic incubation to achieve effective improvement in operational quality and clarity in development path for 2025, preparing for higher quality development and long-term value creation for investors [3]

Core Viewpoint - Haimer Technology (Group) Co., Ltd. is expected to significantly reduce its net profit loss for the fiscal year 2025, projecting a loss between 37.5 million to 75 million yuan, which represents a reduction of 67.2% to 83.6% compared to the same period in 2024, indicating a positive shift in the company's operational fundamentals [2] Group 1: Financial Performance - The improvement in Haimer Technology's performance is primarily attributed to the continuous release of profitability in its core business, with multi-phase flow meter products and related services generating approximately 110 million yuan in revenue for the first half of 2025, marking a year-on-year increase of 37% [2] - Sales revenue from multi-phase measurement products reached about 50 million yuan, while related service revenue was approximately 60 million yuan, reflecting year-on-year growth of 49% and 29% respectively [2] Group 2: Strategic Developments - The company's self-developed Well Testing Management System (WTMS) achieved commercial success in the Oman oil field in 2025, contributing nearly 1 million USD in revenue and securing framework contracts for the next two years, laying a solid foundation for the growth of its overseas digital business [3] - Haimer Technology is undertaking asset integration efforts by transferring non-core business equity and related assets, which is expected to recover 500 million yuan, enhancing cash flow and optimizing financial structure for future strategic investments [3] - A strategic agreement has been signed with a leading domestic investment institution to establish an industrial fund focusing on sectors like semiconductors and artificial intelligence, aiming to cultivate new long-term growth drivers [3] Group 3: Talent and Incentives - The company has introduced an equity incentive plan covering core management, technical personnel, and key business staff, which will align employee interests with the company's long-term development and provide important support for strategic execution [4] Group 4: Overall Strategy - Haimer Technology is effectively enhancing its operational quality and clarifying its development path through a combination of solidifying its core business, optimizing assets, and incubating new strategies, preparing for higher quality development and long-term value creation for investors [4]