Group 1: Nanwei Technology - Nanwei Technology benefits from the explosive growth of the GLP-1 peptide drug market, leading to significant revenue growth in chromatography filler products, which drives rapid development in small molecule business [1] - The company's net profit margin increased quarter-on-quarter in Q2, primarily due to the high gross margin and substantial share of chromatography filler business [1] - Nanwei Technology aims to create a comprehensive chromatography technology platform to provide overall solutions and accelerate overseas market expansion to enhance international competitiveness [1] Group 2: Medicy - Medicy has established a research office in Boston, USA, aiming to increase overseas business share to 40-50% [2] - The company has developed a comprehensive preclinical research service capability in biopharmaceutical R&D and is building multiple biopharmaceutical R&D technology platforms [2] - Medicy's operating costs decreased by 12.46% year-on-year due to cost control measures, and the domestic CRO industry is expected to benefit from policy support for innovative drug development [2] Group 3: Naipu Mining - Naipu Mining's forged composite liners offer significant advantages, including better wear resistance and higher mill efficiency, with successful applications in Tibet's Zhinuola mine [3] - The company plans to promote forged composite liners as a leading product and has agreements with multiple mines, expecting more successful cases by the end of this year and early next year [3] - Naipu Mining has invested in a copper-gold mine project in Colombia, which has completed feasibility design and is expected to have a construction period of two years with a mine life of 14.2 years [3] Group 4: China Ruilin - China Ruilin Engineering Technology Co., Ltd. has a diverse range of core technologies in the non-ferrous metal industry, with overseas business revenue accounting for 41.02% and domestic business revenue for 58.98% in 2024 [4] - The company is progressing with fundraising projects that will enhance its R&D capabilities and core competitiveness [4] - Representative overseas projects include the Abuja water supply project in Nigeria and the expansion of the Bor copper smelting plant in Serbia [4]

Core Viewpoint - The global demand for copper products is increasing, leading to a rise in copper mine production, but the decline in copper ore grades is creating a significant demand for wear-resistant parts in mining operations [1][2]. Group 1: Market Demand and Trends - The global copper mining industry is facing a decline in ore grades, with major mining companies experiencing a noticeable drop in average ore grades [2]. - Despite the decline in ore grades, global copper production is on the rise to meet the growing demand for copper products [2]. - Mining companies are compelled to maintain production levels by opening new mines, increasing the consumption of mining parts, and enhancing the efficiency of mining equipment [2]. Group 2: Company Strategy and Product Development - Jiangxi Naipu Mining Machinery Co., Ltd. (Naipu Mining) is focusing on high-end products in the wear-resistant parts market, particularly through the development of forged composite liners [1][4]. - The company’s forged composite liners have shown significant advantages, including improved wear resistance, enhanced mill efficiency, reduced energy consumption, and decreased replacement time [1][5]. - Naipu Mining aims to increase its export revenue to over 80% in the future, which is expected to enhance the overall gross margin of the company [3]. Group 3: Product Performance and Market Potential - The newly developed composite liners are expected to have a lifespan more than double that of traditional metal liners, which will reduce downtime and improve mining productivity and economic benefits [5]. - The global mill liner market is projected to grow from approximately $2 billion in 2023 to about $3 billion by 2032, indicating a strong market potential for Naipu Mining's products [4]. - Naipu Mining has established usage agreements with several large domestic and international mines, with installations planned for the third quarter, setting a solid foundation for market promotion of the new product [4].

2024年，耐普矿机充分发挥自身优势，全年新增客户38家。海外市场订单不断取得突破，其中非洲区域 增长125%，亚太中东区域增长77%，拉美区域增长58%(不含美伊电钢)。中标西藏某矿山750M渣浆泵 项目，填补了该型号整机国内空白，进一步巩固了公司于超大型渣浆泵方面在国内市场的领先地位。未 来，公司将持续以创新驱动为核心，在稳固现有市场份额的前提下，积极开拓更多市场领域。 报告期内，公司倾力研发打造的新型锻造复合衬板成功在西藏某大型矿山半自磨机全套装机使用，是公 司的里程碑事件。耐普矿机表示，未来，公司将打造以锻造复合衬板产品为龙头，带动其他设备及备件 的发展，为客户提供集成化服务。760NZJM过流件试制成功，并在南美市场成功试用，打破了国际巨 头长期在该口径重型渣浆泵的垄断地位。 谈及未来三年的业务发展目标时，耐普矿机表示，公司产品已销售全球多个国家，为更好实施公司的国 际化战略，服务公司客户，公司将积极进行全球化生产布局。未来公司将重点开拓拉美市场、中亚市场 和非洲市场，在智利、秘鲁、赞比亚、刚果金等国家增加销售份额。提升公司在国际选矿设备市场的知 名度、产品销量和市场占有率，实现国际市场销售收入占公 ...