Core Viewpoint - Lihong Technology has successfully transitioned from imitation to innovation, becoming a leader in the domestic hydraulic hose manufacturing industry and breaking foreign technology barriers, particularly in acid fracturing hose technology [1][4]. Company Overview - Lihong Technology is the first publicly listed hydraulic hose manufacturer in China and a national-level specialized "little giant" enterprise, listed on the Beijing Stock Exchange [1]. - The company has developed a series of proprietary oil drilling hoses, filling domestic technological gaps and expanding into high-end overseas markets [1][4]. Research and Development - The company has established a research and development system known as "one institute and four research institutes," focusing on continuous innovation and project implementation [3][4]. - The R&D system includes a Central Research Institute and specialized research institutes for polymer materials, fluid pipelines, and ultra-high pressure equipment [4]. Business Strategy - Lihong Technology's core business is centered around the fluid sector, which is the main source of revenue and profit, with plans to enhance product quality, reduce costs, and expand market reach [5]. - The company aims to develop three strategic business segments: fluid, polymer materials, and ultra-high pressure equipment, with a clear focus on R&D and capital investment [5]. Financial Performance - Since its IPO on the Beijing Stock Exchange in November 2021, Lihong Technology has seen significant financial growth, with net profits increasing from approximately 30 million to over 100 million [7][8]. - The company has improved its cash flow situation, eliminating interest-bearing debts and enhancing its ability to secure credit financing [8]. Investor Relations - Lihong Technology emphasizes a commitment to returning value to investors through a cash dividend strategy, having distributed over 75 million in cash dividends since its listing, accounting for over 80% of net raised funds [9].