Vontron Technology(SZ:000920)2025-09-04 08:56Group 1: Financial Performance - The company's R&D expenses for the first half of the year amounted to 46.7 million yuan, with new products such as high-salt wastewater membranes and enhanced anti-pollution membranes launched [2] - Current liabilities decreased by approximately 19.5% compared to the beginning of the period, primarily due to a reduction in the amount of bank acceptance bills that need to be restored [5] - The company's capacity utilization rate for the first half of the year was 104.02%, indicating that production capacity can meet market demand [6] Group 2: Product Development and Market Applications - The zero-emission membrane technology has been successfully applied in the steel and coal chemical industries, with overall application volume stabilizing [2] - The lithium extraction membrane product has achieved a magnesium retention rate of over 95%, with successful applications in multiple lithium extraction projects, contributing to the company's performance [4] - The company is actively working on high-margin ultra-pure water production, with costs ranging from $2 to $5 per ton, significantly higher than ordinary industrial water [3] Group 3: Shareholder and Market Strategy - There has been no communication from the second-largest shareholder regarding intentions to reduce holdings, despite significant gains from the stock's increase [6] - The company will adjust its pricing strategy for core products based on market supply and demand dynamics [7]