Summary of Key Points Core Viewpoint - The company held a half-year performance briefing on September 16, 2025, to discuss its financial results and future strategies with investors, highlighting significant growth in net profit and strategic initiatives in emerging markets [1][2]. Group 1: Performance Highlights - The company's net profit excluding non-recurring items increased by 47.36% year-on-year, significantly outpacing revenue growth, driven by strategic initiatives in traditional and emerging sectors [3]. - The core product, energy-saving and noise-reducing electric control silicone oil clutch fan assembly system, saw a 32% year-on-year increase in sales, surpassing industry averages, indicating strong market acceptance [3]. Group 2: Future Growth Areas - The company is focusing on the rapidly developing new energy sector, with self-developed low-voltage electric fan assembly products now capable of mass production and certified by major clients [4]. - The average value of low-voltage electric fan assemblies for new energy heavy trucks is 2-4 times higher than traditional fuel trucks, indicating significant market potential [4]. Group 3: Market Expansion and Capacity Utilization - The company has successfully established partnerships with global clients, including Caterpillar and Volvo, and is actively expanding its overseas market presence [7]. - Current production capacity utilization for electric control silicone oil clutches exceeds 100%, with ongoing construction of a new production base to alleviate capacity constraints [7].

Core Viewpoint - Xuelong Group's half-year report for 2025 shows significant growth in revenue and net profit, reflecting the company's enhanced profitability and strategic focus on energy-saving and intelligent cooling systems for commercial vehicles [1][4]. Financial Performance - The company achieved operating revenue of 212 million yuan, a year-on-year increase of 9.95% [1] - Net profit attributable to shareholders reached 41.27 million yuan, up 26.00% year-on-year [1] - Net profit excluding non-recurring items was 34.03 million yuan, a substantial increase of 47.36% year-on-year [1] Business Strategy - Xuelong Group focuses on providing efficient cooling system solutions for commercial vehicles, emphasizing energy-saving, emission reduction, and intelligence [1][3] - The company has optimized its product structure and implemented cost-reduction measures to capitalize on industry recovery opportunities [1][4] Market Position - The company is a leading player in the commercial vehicle cooling system and lightweight components market, benefiting from a recovery in the domestic commercial vehicle market, particularly in the heavy truck sector [4] - Sales of the core product, energy-saving and noise-reducing electric control silicone oil clutch fan assembly, grew by 32% year-on-year, surpassing the industry average [4] Profitability Improvement - Xuelong Group has improved its gross margin and overall profitability through lean production management, optimized procurement channels, and enhanced production automation [5] - The shift towards high-margin products has contributed to the company's transition from revenue growth to high-quality profitability [5] Future Growth Initiatives - The company is actively investing in new technologies and products in line with the long-term trends of electrification and intelligence in the industry [6] - Xuelong Group has developed a low-voltage electric fan assembly that meets international standards and has received certification from major clients, targeting applications in new energy vehicles [6] Infrastructure Development - To meet growing market demand, Xuelong Group is advancing the construction of a new production base focused on innovative R&D and smart manufacturing for key components of new energy commercial vehicles [7] - The new facility aims to enhance production capacity and improve response times to orders, while also establishing a high-level R&D center to foster collaboration between industry and academia [7]

Core Viewpoint - Xuelong Group reported a robust growth in its operating performance for the first half of 2025, with significant increases in revenue and profit metrics, indicating a strong recovery in the commercial vehicle market and effective strategic initiatives [1][2]. Group 1: Financial Performance - The company achieved an operating revenue of 212 million yuan, representing a year-on-year growth of 9.95% [1] - The net profit attributable to shareholders reached 41.27 million yuan, up 26% year-on-year [1] - The net profit after deducting non-recurring items was 34.03 million yuan, reflecting a substantial increase of 47.36% [1] Group 2: Market Environment - The domestic commercial vehicle market showed signs of recovery in the first half of 2025, with production and sales reaching 2.099 million and 2.121 million units, respectively, marking year-on-year increases of 4.67% and 2.58% [2] - Heavy-duty trucks, a key segment, saw production and sales growth of 10.07% and 6.88%, respectively [2] - Sales of new energy commercial vehicles reached 360,000 units, a remarkable year-on-year growth of 57%, with a penetration rate of 24% [2] Group 3: Product Development and Strategy - The sales of the core product, energy-saving and noise-reducing electric control silicone oil clutch fan assembly system, increased by 32% year-on-year, significantly outperforming the industry average [2] - The company is actively developing high-value new products, with a high-pressure, high-power electric fan assembly nearing completion of its design phase [3] - A new production base is being established to support the industrialization of new technologies and products, aimed at overcoming existing capacity bottlenecks and enhancing R&D capabilities [3]

Core Viewpoint - Xuelong Group reported significant growth in its operating performance for the first half of 2025, driven by the recovery of the commercial vehicle industry and accelerated transition to new energy, with key indicators such as revenue and net profit showing substantial year-on-year increases [1][2]. Financial Performance - In the first half of 2025, Xuelong Group achieved operating revenue of 212 million yuan, a year-on-year increase of 9.95% [1] - The total profit reached 46.68 million yuan, up 23.73% year-on-year [1] - The net profit attributable to shareholders was 41.28 million yuan, reflecting a 26.00% increase year-on-year [1] - The non-recurring net profit was 34.03 million yuan, showing a significant growth of 47.36% year-on-year [1] Business Operations - Xuelong Group, recognized as a national manufacturing champion and a "little giant" enterprise, has a strong competitive edge in the commercial vehicle thermal management system sector [2] - The domestic commercial vehicle market, particularly the heavy truck sector, saw a recovery with production and sales increasing by 10.07% and 6.88% respectively from January to June [2] - Sales of new energy commercial vehicles reached 360,000 units, marking a 57% year-on-year increase, with a penetration rate rising to 24% [2] - The company's main product, the energy-saving and noise-reducing electric control silicone oil clutch fan assembly system, experienced a 32% year-on-year sales growth, significantly surpassing the industry average [2] New Energy Business Development - The company is proactively advancing its new energy business, with self-developed low-voltage electric fan assembly products now capable of mass production and having received major customer certifications [3] - The value of components for new energy electric heavy trucks is 2-4 times higher than that of traditional fuel heavy trucks, indicating a substantial growth opportunity [3] - The company is also developing high-pressure high-power electric fan assembly products, which are in the design phase and undergoing testing with major manufacturers [3] - The "Key Components Innovation R&D Center for New Energy Commercial Vehicles and Smart Digital Factory Project" is progressing as planned, aimed at overcoming current capacity bottlenecks and enhancing R&D and smart manufacturing capabilities [3] Future Outlook - Xuelong Group plans to accelerate market expansion for new energy products and deepen lean management practices to maintain its leading position in the industry [4] - Market analysis suggests that with the ongoing recovery of the commercial vehicle industry and increased penetration of new energy, the company is well-positioned to further expand its market share and achieve sustained performance growth [4]