Core Viewpoint - Longhua Technology has successfully developed EPMI absorbing foam, breaking the long-standing foreign monopoly in China's absorbing function PMI foam market [2] Group 1: Company Overview - Longhua Technology's main products include PMI series structural foam materials and their products, which are essential for carbon fiber composite materials used in various aircraft, including civilian and military planes, as well as drones [2] - The EPMI absorbing foam has been successfully applied to key components of certain important models, with its stealth performance being recognized [2]

Core Viewpoint - 隆华科技 reported a significant increase in revenue and profit for the first half of 2025, indicating strong growth and improved profitability in its core business segments [1]. Business Performance - The company achieved an operating income of 1.515 billion yuan, a year-on-year increase of 23.95% [1]. - The net profit attributable to shareholders was 112 million yuan, up 5.83% year-on-year, while the net profit excluding non-recurring items reached 105 million yuan, reflecting a 13.29% increase [1]. Key Business Segments - The electronic new materials segment is a strategic focus, with breakthroughs in technology that challenge foreign monopolies. The subsidiary Fenglian Ke Optoelectronics has made significant advancements in high-end target materials, supplying major global panel manufacturers [2]. - In the photovoltaic sector, the company’s HITO target materials have shown higher efficiency compared to peers, and significant breakthroughs have been made in the development of new low-indium and no-indium high-efficiency target materials [2]. - The polymer composite materials segment has also performed well, with products being widely used in rail transportation and aerospace applications. The subsidiary Kebo Si has achieved international advanced levels in its projects [3]. R&D and Innovation - The company has increased its R&D investment to 61.215 million yuan, a year-on-year growth of 12.18%, ensuring support for technological breakthroughs and product iterations [4]. - Moving forward, 隆华科技 plans to continue driving innovation, focusing on electronic new materials, polymer composite materials, and energy-saving environmental protection, while promoting collaborative development across its business segments [4].