Jinma Rides(SZ:300756)2025-09-01 01:56Group 1: Company Performance and Strategy - In the first half of 2025, the company maintained steady growth, focusing on a dual-driven strategy of "manufacturing + cultural tourism" to strengthen core business and promote long-term high-quality development [2] - The amusement equipment manufacturing business saw a steady increase in market share, with new orders contributing to a rise in overall gross profit margin [2] - The amusement investment and operation business experienced a revenue growth of 112.94% year-on-year in the first half of 2025 [2] Group 2: Industry Trends and Market Outlook - The industry is entering a phase of steady growth driven by policy benefits, consumer enthusiasm, and product innovation, with the market for cultural tourism consumption continuing to recover [3] - By 2027, the investment scale for equipment in the cultural tourism sector is expected to grow by over 25% compared to 2023, supported by government policies [6] - The international market, particularly in Southeast Asia, the Middle East, and Latin America, is showing good growth potential due to the upgrading of traditional amusement equipment and the establishment of new theme parks [4] Group 3: Competitive Advantages - The company possesses advanced core technologies and a comprehensive product matrix, allowing it to maintain a leading position in the market and achieve high-end amusement facility import substitution [7] - The competitive landscape is fragmented, with many small enterprises, giving the company an advantage due to its strong R&D capabilities and established brand recognition in international markets [7] Group 4: Future Plans and Innovations - The company plans to leverage market opportunities through targeted strategies, focusing on domestic market expansion and precise breakthroughs in international markets [8] - New production bases are set to be operational by the end of 2025 and mid-2026, enhancing product delivery capabilities and market responsiveness [8] - The company is embracing AI and robotics to innovate in the cultural tourism sector, aiming to develop intelligent products that enhance user experience [10]