Group 1: Technology Development - The company is developing microchannel liquid cooling plate (MLCP) technology, which is priced 3 to 5 times higher than existing cooling solutions to address high power consumption in AI platforms [2][3] - The MLCP technology is still in the early feasibility discussion stage, with no bulk production orders received yet [3] - The company has a competitive advantage in metal etching processes, which are superior in precision and flatness compared to 3D printing [3] Group 2: Business Strategy and Growth - The company plans to explore potential acquisition opportunities that align with its long-term strategic development while ensuring organic growth [4] - The company has established supplier codes with major clients in the consumer electronics sector, including Apple, Amazon, and Google, as well as in the new energy battery sector with companies like CATL and BYD [6] - The company aims to enhance its international competitiveness by leveraging existing industry resources and increasing investment in technological innovation and R&D [6] Group 3: Financial Performance and Reporting - The company is currently operating normally and will disclose its financial performance in accordance with regulatory requirements [6] - There is no significant undisclosed information related to the company's operations from the recent investor relations activity [6]

Core Viewpoint - Jebon Technology reported a significant revenue growth of 27.51% year-on-year for the first half of 2025, reaching 438 million yuan, despite a net loss of 38 million yuan [1]. Group 1: Financial Performance - The company achieved a revenue of 272 million yuan in the second quarter of 2025, marking a 50.89% increase year-on-year, with a net loss of 27 million yuan [1]. - The gross profit margin increased by 1.51% year-on-year, indicating successful business expansion and structural upgrades [1]. Group 2: Business Expansion and Market Position - Jebon Technology focuses on precision manufacturing products, primarily serving the consumer electronics and new energy sectors, with a notable increase in revenue reflecting its deep engagement in these areas [2]. - The global recovery in the consumer electronics industry has provided a favorable environment for the company's precision manufacturing business, with significant increases in shipments of desktops, laptops, and tablets [2]. Group 3: New Energy Sector Growth - The global sales of new energy vehicles reached 8.776 million units in the first half of 2025, a 29% increase year-on-year, driving demand for power batteries [3]. - Jebon Technology's new materials, such as carbon nanotube conductive pastes, have successfully entered the supply chains of leading battery manufacturers, contributing to rapid business growth [3]. Group 4: Strategic Investments and R&D - The company is in a strategic investment phase, which has temporarily affected net profits due to increased R&D and management expenses [4]. - Jebon Technology invested 38.131 million yuan in R&D in the first half of 2025, accounting for 8.71% of its revenue, establishing a solid technological barrier [5]. Group 5: Technological Advancements - The company has developed a comprehensive technical innovation system, including a CNAS-accredited laboratory for material testing and advanced production techniques [6]. - Jebon Technology's proprietary technologies in the new materials sector enhance the performance of lithium batteries, positioning the company favorably in the competitive landscape [7]. Group 6: Mergers and Acquisitions - The acquisition of a 51% stake in Sainogao has strengthened Jebon Technology's position in the cooling solutions market, creating synergies with its precision manufacturing business [8]. - Sainogao's established customer base and market channels provide Jebon Technology with valuable resources for growth in high-margin sectors [8]. Group 7: Future Outlook - The company is well-positioned to benefit from the ongoing growth in the consumer electronics and new energy sectors, with a dual focus on precision manufacturing and new materials [10]. - Jebon Technology's strategic geographic presence and customer-centric approach enhance its ability to respond quickly to market demands, fostering customer loyalty [11].

Core Viewpoint - The company, JieBang Technology, announced its capabilities in the research and production of components related to foldable screens and tablets, as well as VC (Vapor Chamber) heat spreaders, indicating a strong position in these emerging technology sectors [2] Group 1 - The company has the research and production capabilities for foldable screens and tablet-related structural components [2] - The company has ongoing project reserves in these areas, suggesting potential future growth and innovation [2] - Specific clients cannot be disclosed due to confidentiality agreements, indicating a focus on maintaining client relationships and proprietary information [2]

Company Overview - The company aims to become a trusted provider of precision manufacturing and new material application solutions, focusing on advanced precision manufacturing and new material R&D [2][3]. - The main products include precision functional parts and structural components used in consumer electronics and new energy lithium batteries [3]. Financial Performance - The company achieved a revenue of CNY 437.56 million, with a year-on-year growth of 27.51% [3]. - The net profit attributable to shareholders was -CNY 38.02 million, with a net profit of -CNY 30.09 million after deducting share-based payment expenses [3]. - The gross margin increased by 1.51% year-on-year [3]. R&D Investment - R&D expenses amounted to CNY 38.13 million, representing 8.71% of total revenue [3]. - Continuous high-intensity R&D investment is aimed at enhancing core competitiveness and responding to customer customization needs [3]. Strategic Acquisitions - The company acquired 51% of Sainuo Gaode, enhancing its business scope and customer structure [4]. - As of the report date, the company holds 49.90% of Sainuo Gaode's shares, which has been included in the consolidated financial statements [4]. Business Expansion - The company is actively developing new business areas, including CCS modules for lithium batteries and high-specific surface area carbon black products [6]. - Sainuo Gaode has achieved a supplier code from a major North American client, indicating progress in the heat dissipation component sector [7]. Inventory and Asset Management - The company recorded an inventory impairment loss of CNY 31.52 million, primarily due to poor quality during the ramp-up phase of production [8]. - The company is cautious in managing its assets and has a healthy debt ratio, allowing for potential financing opportunities [11]. Client Relationships - Major clients include Apple, Amazon, SONOS, META, and Google, with a focus on smart devices and home products [11]. - The company is working on new product development with META and has secured supplier codes for various high-profile clients [11].

Group 1 - The company, JieBang Technology, focuses on the research, production, and sales of precision manufacturing products, including precision functional parts, structural parts, and VC thermal plates [2] - The products are primarily used in smart phones, laptops, all-in-one computers, tablets, and smart home devices [2] - The company's subsidiary, Dongguan Sainuo Gaode Etching Technology Co., Ltd., has obtained a supplier code from a major North American client and is set to mass-produce next-generation smartphone VC thermal plate components in 2024 [2] Group 2 - The collaboration with the major client is progressing smoothly, and the company will continue to support the client in the development of next-generation mobile phone and tablet VC thermal plate components [2]