Core Viewpoint - Jin Sanjiang (301059) reported a strong performance in the first half of 2025, with significant growth in both revenue and net profit, indicating a robust business strategy and market position [1][2]. Financial Performance - In the first half of 2025, Jin Sanjiang achieved revenue of 200 million yuan, representing a year-on-year increase of 19.01% [1]. - The net profit attributable to shareholders was 30.8352 million yuan, reflecting a year-on-year growth of 31.41% [1]. Business Operations - The company specializes in the research, production, and sales of precipitated silica, primarily used in oral care products [1]. - Jin Sanjiang has established long-term partnerships with well-known toothpaste manufacturers such as Yunnan Baiyao (000538), Colgate, and Procter & Gamble, reinforcing its leading position in the industry [1]. - The company is expanding its business into emerging fields, such as silica for silicone rubber, through continuous R&D investment and technological innovation [1][2]. Market Expansion - Jin Sanjiang is not only solidifying its domestic market share but also actively exploring international markets, enhancing brand recognition through participation in international exhibitions and collaborations with global enterprises [2]. - The company’s export business is showing good growth, laying a solid foundation for future international development [2]. Technological Innovation - The company has significantly increased its R&D expenditure in the first half of 2025, leading to important breakthroughs in production technology and application of precipitated silica [2]. - Jin Sanjiang's R&D team has developed a series of high-performance, differentiated silica products that meet higher customer demands for quality and functionality [2]. Investment Plans - Jin Sanjiang announced plans to invest in a production base in Malaysia through its wholly-owned subsidiary, JSJ MALAYSIA SDN. BHD., to advance a green, low-carbon high-performance silica project for tires [3]. - The total investment for this project is expected to be no more than 600 million yuan, subject to final approval from relevant government authorities [4].

Group 1 - The company plans to invest in a production base in Malaysia through its wholly-owned subsidiary, Jin Sanjiang (Malaysia) [1] - The project aims to promote the development of a green, low-carbon, high-performance silica for tire applications [1] - The total investment for the project is expected to not exceed 600 million yuan [1]

Group 1 - The company plans to invest in a production base in Malaysia through its wholly-owned subsidiary [1] - The total investment amount is expected to not exceed 600 million yuan [1] - The investment aims to expand overseas markets, enhance international business, and improve the company's scale and industry competitiveness [1] Group 2 - The project focuses on the production of high-performance silica for green and low-carbon tires [1] - Funding for the investment will come from the company's own funds or self-raised funds [1] - The initiative is expected to increase the company's market share in overseas markets [1]