Financial Performance - The company achieved a revenue of CNY 6.707 billion in the first three quarters of 2025, representing a year-on-year growth of 22.01% [2] - The net profit attributable to shareholders reached CNY 651 million, with a year-on-year increase of 21.43% [2] - The automotive parts business saw a sales revenue growth of 25% due to the overall growth in the automotive industry, with passenger car sales reaching 21.246 million units, up 13.7% year-on-year [3] Business Segments - The oil and gas equipment segment maintained stable sales, with revenue remaining flat compared to the previous year, supported by advancements in key technologies [3] - The high-performance functional materials segment experienced a decline in performance due to the full electronicization of train tickets, but the company is accelerating market transformation [3] Technological Advancements - The company’s subsidiary, Aerospace Energy, has maintained over 30 years of collaboration with major domestic oil companies, supplying key products for deep-sea oil and gas extraction [4] - Breakthroughs in non-elastic sealing and high-temperature high-pressure perforation technologies have positioned the company as a leader in the domestic market, contributing to the development of deep-sea oil and gas resources [4][5] Military Products - The military explosives automation upgrade project is being adjusted due to evolving warfare and technology, with an expected annual revenue of CNY 150 million upon completion by September 30, 2026 [5][6] - Military product revenue for the first half of 2025 was CNY 6.734 million, reflecting a growth of 6.96% year-on-year [6] Future Strategies - The company is considering implementing an employee stock ownership plan to align interests and risks between employees and the company, aiming for rapid and high-quality development [6] - The company has proposed a "1334" development strategy to become a world-class aerospace intelligent equipment manufacturing enterprise [6]

Core Viewpoint - The company has successfully developed ultra-high temperature and ultra-high pressure perforation technology, achieving a global record for the deepest perforation at a depth of 10,000 meters [2] Group 1: Technological Advancements - The company has successfully applied its ultra-high temperature and ultra-high pressure perforation technology in 10,000-meter deep well perforation operations, setting a new global record [2] - The company has developed high-temperature and high-pressure clustered perforation technology in response to the increasing depth of shale oil and gas development in China [2] Group 2: Future Focus - The company plans to focus on the exploration and development needs of deep-sea and deep-earth oil and gas resources in China, committing to increase efforts in related technology development [2] - The company aims to contribute to ensuring China's energy security through its technological advancements [2]