Core Viewpoint - The company Lingyi iTech (领益智造) announced a share reduction plan by shareholder Ms. Zeng Fangqin, who intends to sell up to 36 million shares over a three-month period due to personal financial needs, representing 0.49% of the company's total share capital excluding repurchased shares [1][2]. Group 1: Shareholder Information - Ms. Zeng Fangqin plans to reduce her holdings from February 7, 2026, to May 6, 2026, through block trading [1]. - As of now, Ms. Zeng holds 144.54 million shares, accounting for 1.98% of the total share capital, while her associated entity, Lingsheng Investment (Jiangsu) Co., Ltd., holds 4139.52 million shares, representing 56.74% [2]. Group 2: Company Background - Lingyi iTech's business includes AI smartphones, foldable phones, AIPC, tablets, imaging displays, materials, battery power, thermal management, AI glasses, XR wearable devices, premium assembly, sensors, and robotics [2]. - Ms. Zeng, born in 1965 and a graduate of Wuhan University, founded Lingsheng Electronics Technology, the predecessor of Lingyi iTech, in 2006 and led the company into the Apple supply chain [2]. Group 3: Financial Performance - The company's revenue from 2021 to 2024 was 30.38 billion, 34.49 billion, 34.12 billion, and 44.21 billion yuan, respectively, with net profits of 1.18 billion, 1.60 billion, 2.05 billion, and 1.75 billion yuan [3]. - For the first three quarters of 2025, the company reported total revenue of 37.59 billion yuan, a year-on-year increase of 19.25%, and a net profit of 1.94 billion yuan, up 37.66% [4]. Group 4: Market Activity - On November 20, 2025, Lingyi iTech submitted an application for a Hong Kong stock listing, aiming for a dual listing in both A-share and H-share markets, marking its second attempt to list on the Hong Kong Stock Exchange [5].

Core Viewpoint - The company, Linyi Intelligent Manufacturing, is expected to show significant growth in its half-year performance for 2025, with net profit projections indicating a substantial increase compared to the previous year [1][2]. Financial Performance Summary - The estimated net profit attributable to shareholders is projected to be between 900 million and 1.14 billion yuan, representing a year-on-year growth of 31.57% to 66.66% [1][2]. - The net profit after deducting stock incentive amortization is expected to be between 1.04 billion and 1.28 billion yuan, reflecting a growth of 48.59% to 82.88% compared to the previous year [1][2]. - The net profit after excluding non-recurring gains and losses is projected to be between 580 million and 820 million yuan, showing a growth of 1.04% to 42.85% year-on-year [1][2]. - The net profit after deducting stock incentive amortization and non-recurring gains and losses is expected to be between 720 million and 960 million yuan, indicating a growth of 22.06% to 62.74% compared to the previous year [1][2]. - Basic earnings per share are projected to be between 0.13 yuan and 0.16 yuan, up from 0.10 yuan in the same period last year [1][2]. Growth Drivers - The company's performance growth is attributed to increased investment in high-value AI terminal hardware products, enhancing market share, and establishing supplier alliances, which have improved production line utilization and reduced manufacturing costs [3]. - The domestic automotive business has shown significant improvement in processes and efficiency, leading to better operational performance compared to the previous year [3]. - Measures taken at some overseas new factories have resulted in a reduced loss margin compared to the previous year [3]. Company Background - Linyi Intelligent Manufacturing provides comprehensive intelligent manufacturing services and solutions globally, with main products including AI smartphones, foldable smartphones, AI PCs, tablets, imaging displays, batteries, thermal management solutions, AI glasses, XR wearable devices, and sensors [5].