LSKJ(SZ:300680)2025-09-03 10:10Group 1: Company Overview and Financial Performance - Wuxi Longsheng Technology Co., Ltd. has established a business matrix centered on EGR systems, new energy vehicle drive motor cores, and precision automotive components, with significant market penetration in commercial vehicles, passenger cars, and new energy vehicles [2][3] - In the first half of 2025, the company achieved revenue of CNY 1.224 billion, representing a year-on-year growth of approximately 15.44% [3] - The net profit attributable to shareholders was CNY 107 million, with a year-on-year increase of about 1.38% [3] - The non-recurring net profit was CNY 100 million, reflecting a year-on-year growth of approximately 4.63% [3] Group 2: EGR Business Segment - The EGR segment reported a revenue increase of approximately 28% in the first half of 2025 [3] - The market share of hybrid vehicles is continuously rising, providing solid support for the growth of the EGR business [3] - The company has established a customer network that includes major domestic automakers such as BYD, Chery, and Geely, and has successfully entered the supply chains of Chang'an Automobile and Dongfeng Nissan [3] Group 3: New Energy Core Business - The company is transitioning its new energy business from "core components" to "core sub-assemblies," with a focus on meeting the needs of leading clients like Jinkang Power and Bosch [3] - The first set of core sub-assembly products was successfully launched in June 2025, marking a significant breakthrough in the strategic transformation [3] Group 4: Robotics Business Development - The company leverages over 20 years of experience in precision manufacturing to establish a solid foundation for its robotics sector [4][5] - The robotics division operates under a dual-driven model focusing on core component development and complete machine iteration [5] - The company has made significant advancements in the development of lightweight harmonic reducers, achieving a weight reduction of 30%-40% without compromising performance [5] Group 5: Production Capacity and Market Expansion - The current production capacity for harmonic reducers is around 20,000 units, with plans to expand to approximately 70,000 units by Q1 2026 [5] - The robotics segment has successfully engaged with overseas Tier 1 suppliers, although its contribution to total revenue remains relatively small [5]