Core Viewpoint - The company emphasizes that its focus on supply assurance does not contradict the current production and demand dynamics, despite challenges in sales data and production ramp-up [2]. Group 1: Company Performance - The company reported an increase in total deliveries in the first three quarters compared to the previous year, indicating a positive trend in production [2]. - Customer demand is influenced by various factors, leading to temporary and phase-specific adjustments, but the company believes that long-term demand remains stable and continuous [2]. Group 2: Communication and Product Development - The company is enhancing communication with existing and potential customers to better understand and address demand fluctuations [2]. - Efforts are being made to advance the trial production and validation of new products, including the ZT8 series, to mitigate the impact of demand changes on the company [2].

Core Viewpoint - The company, Zhongjian Technology, announced that it is experiencing increased operational costs due to the expansion of its production capacity with the advancement of its third and fourth phase projects, while also facing temporary and phase-based adjustments in customer demand [1] Group 1: Production and Capacity - The company is expanding its production capacity as it progresses with its third and fourth phase projects [1] - Operational costs have increased as a result of this capacity expansion [1] Group 2: Tax Policy and Financial Impact - Starting from the second month of the second quarter in 2025, the company will no longer benefit from tax incentives [1] - The total delivery volume for the first three quarters has increased compared to last year, indicating some growth [1] Group 3: Customer Engagement and Product Development - The company is enhancing communication frequency and intensity with existing and potential customers [1] - Efforts are being made to advance the trial production and validation of new products, including the ZT8 series, to mitigate the impact of changing customer demand [1]

Group 1: Financial Performance - In the first three quarters of 2025, the company achieved a revenue of 684 million CNY, representing a year-on-year growth of 28.46% [2] - The net profit attributable to shareholders reached 290 million CNY, with a year-on-year increase of 25.45% [2] - The net profit after deducting non-recurring gains and losses was 276 million CNY, showing a year-on-year growth of 28.93% [2] Group 2: Product Development and Market Strategy - The company has 2.1 billion CNY in order contracts still being fulfilled, primarily for the ZT7 series products [2] - The ZT9 series products are being supplied as planned, with their contribution to revenue and profit gradually increasing [2] - The company is actively expanding into different application scenarios by adjusting product varieties based on user needs, which helps mitigate risks associated with single customer dependency [2] Group 3: Technical Innovation and Management - The company is aligning its product development with international standards, and the new management team emphasizes the cultivation and reserve of technical talent [3] - Lean management practices are being implemented to enhance on-site management and cost control, preparing for entry into new application fields [3] - The employee stock ownership plan is designed to motivate the team and enhance competitiveness [3] Group 4: Market Challenges and Future Outlook - The company experienced a slight decline in revenue and a more significant drop in profit in the third quarter due to increased operational costs and the end of tax incentives [3] - The ZT8 product, aimed at the aerospace sector, is expected to contribute to sales and reduce customer concentration risks [3] - The company is focusing on developing low-cost ZT9 series products to meet the demands of cost-sensitive users while maintaining product quality [3] Group 5: Collaboration and Industry Positioning - The company is in smooth communication with Sinopec Capital for collaboration in the carbon fiber composite material industry chain [4] - The company is preparing to participate in the development of domestic large aircraft, specifically targeting the C929 project [5] - The company is expanding its capabilities in the civil aviation sector, with a focus on high-performance, low-cost products [5]