Core Viewpoint - The company held an earnings briefing on May 9, 2025, to address investor inquiries regarding its financial performance and future growth drivers [1]. Financial Performance - For Q1 2025, the company reported a revenue of 471 million yuan, representing a year-on-year increase of 170.42%. The net profit attributable to shareholders was 18.25 million yuan, up 14.94% year-on-year. The net profit excluding non-recurring items was 16.96 million yuan, reflecting a 9.44% increase year-on-year. The company's debt ratio stood at 52.25%, with investment income of 2.57 million yuan and financial expenses of 3.92 million yuan. The gross profit margin was 13.59% [4]. Growth Drivers - The company aims to continue focusing on its core business, enhancing research and development, expanding market demand, and optimizing cost control to drive high-quality growth. The management emphasized the importance of investor relations and long-term shareholder value enhancement [2][3]. Wind Power Business Outlook - The wind power industry is experiencing a significant upturn, with stable wind turbine prices and an expected increase in installation volumes. The company’s subsidiary, Jiangsu Jinyuan High-end Equipment Co., Ltd., has some products applied in the robotics sector, although its scale in this area is currently small [2][3]. Shareholder Concerns - The company addressed concerns regarding major shareholders reducing their stakes, clarifying that such actions were based on personal financial arrangements and complied with legal regulations. The management reassured investors of its commitment to high-quality development and effective management practices [2][3]. Acquisition and Performance - The acquisition of Jiangsu Jinyuan has led to revenue growth; however, the profit growth has been limited due to intermediary costs associated with the merger. The company plans to focus on strategic integration to realize long-term value [3][4]. Market Position - The company’s subsidiary, Jinyuan Equipment, possesses advanced technologies in precision forging and composite forming, which contribute to its competitive edge in the wind power supply chain. However, it primarily serves gearbox companies rather than direct partnerships with major manufacturers like Vestas and Goldwind [3].

Financial Performance - The company's revenue for Q1 2025 increased by 170% year-on-year, while net profit grew by 14.94% [2] - The company emphasizes the importance of high-quality development and aims to enhance core competitiveness and operational performance to reward investors [4] Business Strategy - The company plans to continue focusing on its core business, enhancing R&D innovation, expanding market demand, and optimizing cost control to drive long-term shareholder value [2][4] - There are no current plans to enter new technology sectors, but any future developments will be disclosed through designated information platforms [5] Market Outlook - The wind power industry is experiencing significant growth, with stable wind turbine prices and an expected increase in installation capacity [2] - The company’s subsidiary, Jiangsu Jinyuan High-end Equipment Co., Ltd., has limited involvement in the robotics sector, with its business scale being small [2] Shareholder Concerns - The company addresses concerns regarding stock price decline, stating that it prioritizes high-quality development and effective investor relations management [2] - Shareholder reductions in holdings are attributed to personal financial arrangements and comply with legal regulations [2] Acquisition Insights - The acquisition of Jiangsu Jinyuan has led to revenue growth, but profit margins have not significantly increased due to intermediary costs associated with the merger [4] - The company is committed to improving the performance of both the original company and the acquired entity to meet performance commitments [4]