Core Viewpoint - The Chinese non-destructive testing (NDT) industry is experiencing significant growth and technological advancement, with domestic companies like Yirui Technology and Rilian Technology leading the way in innovation and market performance [2][9]. Group 1: Domestic Companies' Performance - Yirui Technology invested over 300 million yuan in R&D, achieving international leadership in photon counting detector technology, breaking a 20-year monopoly in medical CT detectors by Western companies [2]. - SanYing Precision reported a 91% increase in net profit, with its self-developed nanoVoxel series micro-CT achieving a resolution of 0.5 microns, effectively replacing imported equipment for major clients and saving over 40% in procurement costs [3]. - Rilian Technology's revenue and net profit both increased by 25%, successfully producing an 180 kV micro-focus X-ray source and enhancing defect detection accuracy to 99.5% with its AI detection system, significantly improving battery inspection efficiency for CATL [4]. Group 2: Technological Innovations - Steel Research Nake's phased array detection system was successfully applied in Baowu Steel's production line, achieving an international-leading automatic detection speed of 200 rods per hour [5]. - Ultrasonic Electronics achieved revenue and profit growth, breaking through 3D full-focus technology, with its wind turbine blade detection system applied to the world's largest 16MW offshore wind turbine, improving detection accuracy by 60% compared to traditional methods [6]. - Duopule developed a liquid-cooled plate water immersion detection system that addresses welding quality issues in electric vehicle batteries, receiving bulk orders from BYD and CATL [7]. - Zhongke Intelligent's self-developed electromagnetic ultrasonic corrosion detection instrument replaced Canadian products in the West-East Gas Pipeline project, achieving 100% localization [8]. Group 3: Market Overview - The NDT service market in China has exceeded 3 trillion yuan, with annual instrument sales surpassing 20 billion yuan. The demand for NDT technology is surging across various sectors, including new energy, semiconductors, aerospace, rail transportation, and life sciences [9]. - Domestic equipment manufacturers are breaking foreign monopolies through technological innovation, becoming the backbone of industry development [9]. Group 4: Upcoming Forum - The "ACCSI 2025 Second Non-Destructive Testing Technology Innovation Development Forum" will be held on May 13, 2025, in Shanghai, gathering top talents from industry, academia, and research to discuss the latest technological advancements and industrial applications [10]. - The forum will feature authoritative reports and discussions on cutting-edge technologies, including X-ray spectroscopy imaging and terahertz imaging technology, providing a platform for deep communication and collaboration [12][13].

Core Viewpoint - Yirui Technology's 2024 annual report shows a slight decline in revenue and profit, but the company continues to focus on technological innovation, global expansion, and new business development to lay a solid foundation for future growth [2][3][5]. Financial Performance - In 2024, Yirui Technology achieved revenue of 1.831 billion yuan, a year-on-year decrease of 1.74% - The net profit attributable to shareholders was 465 million yuan, down 23.43% year-on-year [2][3]. Performance Review - The company faced short-term pressure due to weak global economic recovery, increased trade barriers, and sluggish downstream demand, leading to a slight decline in revenue and profit - Despite this, Yirui Technology demonstrated strong resilience by increasing R&D investment, optimizing the supply chain, and expanding into overseas markets - R&D investment reached 310 million yuan, accounting for 16.94% of revenue, with 115 new intellectual property rights added, including 30 invention patents [5]. Technological Innovation - Yirui Technology emphasizes technology as its core, achieving significant results in new product development and core technology breakthroughs in 2024 - In the medical field, the company launched high-resolution detectors and advanced products such as the 64-slice medical CT detector module - In the industrial sector, new products include flexible detectors and security CT detector modules, catering to diverse detection needs - The successful development of UEG series rare earth garnet scintillation ceramics fills a material gap in high-energy industrial CT imaging [6][7][8]. Global Expansion - To address domestic market pressures, Yirui Technology accelerated its global expansion - The company established sales or customer service platforms in various countries, including the USA, Germany, South Korea, and India, and participated in major global industry exhibitions to enhance brand influence - The production bases in Haining and Taicang (Phase II) have been put into operation, and the Cleveland factory in the USA is now operational, increasing the global factory layout to six locations, forming an international supply chain network [10][11]. Development Strategy - Yirui Technology has outlined six strategic directions, focusing on: - Technological self-control: Accelerating the localization of core components and promoting import substitution across the X-ray industry chain - Product high-end positioning: Focusing on cutting-edge technologies such as photon counting detectors and optimizing product structure - Global competition: Strengthening overseas R&D and sales networks to become the preferred brand for global customers - Cultivating new productive forces: Expanding into new businesses such as life science instruments to create a second growth curve [12][13][14][15]. Future Outlook - In 2025, Yirui Technology plans to continue increasing R&D investment, improving global layout, and enhancing operational efficiency through intelligent production and supply chain optimization - The company emphasizes a "big customer strategy" to deepen customer cooperation with differentiated products and services, further solidifying its global competitiveness in the X-ray core component field [16]. Conclusion - Despite short-term performance pressures in 2024, Yirui Technology showcases strong long-term growth potential through technological innovation and global strategies, steadily progressing towards its goal of becoming a leading global supplier of X-ray products and solutions [17].