Industry Overview - The heat treatment industry is experiencing new development opportunities driven by national strategies for manufacturing, transportation, and aerospace [2] - The industry is focusing on "green, intelligent, precise, and high-end" directions, integrating new information technology and artificial intelligence with heat treatment technology [2] - There is a continuous growth in demand for heat treatment of key basic components in sectors such as aerospace, defense, new energy equipment, automotive, and robotics, with a trend towards high-end development [2] Company Performance - In the first half of 2025, the company maintained stable overall operations, actively responding to national strategies and focusing on heat treatment business through industry chain integration [3] - The company has invested in Wuxi Fuaier to enhance its precision high-temperature alloy component supporting capabilities, thereby improving its core competitiveness [3] Application Areas - The company's heat treatment business is primarily applied in various sectors including automotive (both traditional and new energy vehicles), wind power, photovoltaics, robotics components, engineering machinery, aerospace, nuclear power, military, shipping, precision machinery, and agricultural machinery [4] Market Position - As of the end of 2024, the company has established 6 heat treatment equipment manufacturing enterprises and 16 commercial heat treatment processing service enterprises, leading the domestic mid-to-high-end heat treatment equipment market [5] - The company has the largest number of commercial heat treatment processing service outlets nationwide and participates in the formulation of multiple national and industry standards, ranking among the top in comprehensive strength in the domestic market [5] - Major clients include Schaeffler, NSK, SKF, THK, and several others across various industries [5] Robotics Sector - The company's heat treatment equipment and commercial processing services are applied in the production of core components for robots, such as guide rails, screws, bearings, RV reducers, and planetary reducers [6] - The investment in Wuxi Fuaier is a strategic move to consolidate heat treatment business and explore upstream and downstream integration within the industry chain [6] Financial Performance - In Q1 2025, the company reported a main revenue of 206 million yuan, a year-on-year decrease of 33.0%, while the net profit attributable to shareholders increased by 466.95% to approximately 13.65 million yuan [7] - The net profit after deducting non-recurring gains and losses rose significantly by 5522.47% to approximately 12.16 million yuan, with a debt ratio of 32.59% and a gross margin of 33.49% [7]