Group 1: Investor Relations Activities - The company participated in the 2025 Annual Shenzhen Listed Companies Investor Online Reception Day on November 20, 2025, from 14:30 to 17:00 [2] - The event was conducted via the "Investor Relations Interactive Platform" [2] - Key company representatives included the General Manager, CFO, Board Secretary, and an Independent Director [2] Group 2: Strategic Initiatives - The company has launched a 2025 equity incentive plan aligned with its transformation strategy, focusing on emerging sectors such as computing power, AI, cultural technology, and low-altitude economy [2] - The company aims to enhance its market value through diversified investments and mergers and acquisitions, while maintaining transparency in information disclosure [2][3] Group 3: Financing Plans - The company has developed a four-pronged strategic plan focusing on new infrastructure, new government-enterprise collaborations, new business models, and new cultural initiatives [3] - Future financing plans will be disclosed in accordance with regulations, ensuring alignment with the company's strategic positioning and business framework [3] Group 4: Disclosure of Information - The company confirmed that there are no undisclosed significant information [3]

Group 1: Financial Performance - The company's non-recurring net profit decreased significantly in Q3, but a year-on-year recovery in net profit is expected in Q4 [1] - In the first three quarters of 2025, the company focused on industry opportunities, expanding domestic and international clients, resulting in rapid growth of orders on hand [1] - The semiconductor and optical module businesses are experiencing rapid growth, with a strong order backlog and revenue recognition from early 2025 orders [2][3] Group 2: Business Strategy and Focus Areas - The company specializes in non-standard automation equipment, providing solutions for various industries, with a focus on semiconductor, optical modules, automotive, humanoid robots, and energy storage sectors [2] - The company is actively pursuing external growth opportunities through acquisitions that align with its main business, aiming to enhance growth potential [2] - The company is committed to maintaining a strong focus on core business areas while exploring new opportunities in solid-state battery equipment and semiconductor production [2][3] Group 3: Market Position and Competitive Edge - The company has established a strong technical foundation in the optical communication field, leading to significant breakthroughs in product development and order acquisition [3] - The company is well-positioned to meet the growing demand for domestic semiconductor equipment, leveraging its experience and rapid delivery capabilities [3] - The management emphasizes the importance of market communication and governance to protect investor interests and maintain company value [4]

Market Overview - The global LED lighting market is expected to reach $82.042 billion by 2026, with China being the largest producer and exporter of LED lighting products [1] - The "dual carbon" goals are accelerating the upgrade of lighting products, integrating smart technology and IoT [1] Strategic Development - The company aims to expand in commercial lighting, strengthen industrial lighting, and specialize in niche lighting [2] - Key strategies include increasing R&D investment, enhancing market expansion in regions like Europe, Oceania, Asia-Pacific, and the Middle East, and improving internal supply chain management [2] Special Lighting Segment - Special lighting has seen a growth rate of 50% in the first three quarters of 2025, with revenue share increasing from 4.72% to 7.10% year-on-year [4] - The company focuses on four special lighting sectors: plant lighting, emergency lighting, medical beauty lighting, and explosion-proof lighting, with a revenue target of $100-150 million for each sector in the next 2-3 years [5] Impact of Tariffs - Products exported to the U.S. account for approximately 7% of total revenue, indicating minimal impact from U.S. tariffs [7] - The company plans to mitigate potential trade friction by establishing a new factory in Vietnam, set to be operational by August 2026, with an expected output value of 500 million yuan [2][7] M&A Plans - The company considers both organic growth and strategic acquisitions as important avenues for expansion, with plans to disclose significant developments as they arise [3]

Group 1: Company Strategy and Development - The company is committed to transforming and upgrading traditional retail, focusing on digital product empowerment and creating a dual-driven high-quality development model through industrial digitalization and digital industrialization [2] - In 2024, the company plans to innovate and upgrade its supermarket operations, launching nine lifestyle theme pavilions and a full-warehouse fulfillment center, with the first SP@CE3.0 located in Shenzhen [2] - The company has standardized modifications in 6 stores and made partial adjustments in 18 stores to enhance operational efficiency [2] Group 2: Financial Performance and Market Management - The company emphasizes the importance of investor returns and has established a "Market Value Management System" to enhance its value and communication with investors [3][4] - The company aims to strengthen its core business to improve operational performance and achieve better recognition in the capital market [5] - The average market capitalization of the company is considered reasonable at 2.5 to 3 billion [5] Group 3: Compliance and Risk Management - The company has not received any notification regarding the reduction of shares by its major shareholder, and it maintains a robust internal control and risk management system [4][5] - There are no indications of fund transfers or major shareholder fund occupation, ensuring compliance and protection of shareholder rights [5] Group 4: Data Management and Accounting - The company is monitoring policies related to the accounting treatment of enterprise data resources and is considering recognizing data resources as assets in line with its business model and digital development [3]

Group 1: Company Overview and Operations - The company has established subsidiaries in key regions across China and overseas, including Europe, the United States, and Thailand, to enhance service and responsiveness to customer needs [2] - The company is actively promoting capacity coordination and has a comprehensive regional coverage for production capacity [2] Group 2: Future Orders and Production Capacity - The company anticipates that steady growth in downstream demand will drive both capacity release and order fulfillment, contributing to performance growth [2] - There is a focus on the progress of sample submissions in the robotics business, which is advancing as planned [3] Group 3: Impact of Raw Material Prices - The company acknowledges the long-term volatility in raw material prices, particularly aluminum, and plans to negotiate reasonable price adjustments with customers [3] - Strategies to mitigate the impact of raw material price fluctuations include capacity expansion, technological innovation, and improvements in production processes [3] Group 4: Investor Relations and Market Management - The company emphasizes the importance of investor relations and has been enhancing its governance framework to protect shareholder rights since its listing [3] - Future plans include developing a more scientific profit distribution scheme and expanding communication channels to boost investor confidence [3]

Group 1: R&D Investment - The company's R&D investment for the first three quarters of 2025 was 19.7383 million yuan, emphasizing a strong commitment to innovation and technology [2] - The company has obtained multiple invention patents from the National Intellectual Property Administration, showcasing its independent innovation capabilities [2] Group 2: Growth Strategy - The company has a clear strategic layout for its second growth curve, focusing on new business directions and target markets [2] - Systematic progress is being made through the formation of specialized teams and allocation of resources to ensure sustainable growth [2] Group 3: Financial Performance - In Q3 2025, the company experienced a slight revenue increase, with a year-on-year revenue growth of 77.08% and a net profit growth of 454.69% compared to the same period last year [3] - The increase in domestic procurement costs has impacted profit margins, despite efforts to optimize the order structure and enhance high-value product offerings [3] Group 4: Market Value and Future Outlook - The company is focused on enhancing product quality and customer service to build core competitiveness, which is expected to reflect positively on market valuation over time [3] - There are no current plans for dividends or stock buybacks, but any future plans will be disclosed in accordance with legal obligations [3]

Group 1: Industry Overview - The company's core business is supported by digital creativity and innovative design, integrating emerging technologies like 5G, big data, VR, AR, AI, and cloud computing, adhering to the "Culture + Technology" model, which represents a new economic form in the digital creative industry [2][3] - The digital creative industry's development heavily relies on technological innovation, particularly advancements in AI and large model algorithms, which expand the application boundaries of AI in graphic processing [2][3] Group 2: Financial Performance - In the Q3 2025 report, the most significant positive change in the company's profitability was the improvement in internal management, leading to a reduction in operating costs and management expenses, resulting in a year-on-year decrease in losses [3] - The company currently has a sufficient number of orders on hand and aims to further enhance management efficiency to continuously improve operational performance and provide returns to investors [3] Group 3: International Expansion - The company is steadily advancing projects in regions such as the Middle East, Africa, and Southeast Asia, although overseas revenue currently accounts for a small proportion; future plans include accelerating the exploration of broader emerging overseas markets [3] Group 4: Strategic Partnerships - The company has not established any collaboration with Google [3]

Group 1: Company Overview - Shenzhen Zhixin Precision Instrument Co., Ltd. is a high-end intelligent equipment provider deeply involved in the Apple supply chain [1] - The company focuses on market expansion and product coverage in consumer electronics, including smartphones, tablets, computers, power supplies, batteries, and wearable devices [2] Group 2: Business Performance - The revenue from the consumer electronics sector constitutes a significant portion of the company's overall income [2] - The company currently has a sufficient order backlog, indicating strong demand for its products [3]

Group 1: Acquisition Strategy - The company employs a three-dimensional acquisition strategy: "regional penetration + track expansion + qualification enhancement" to achieve external growth through precise mergers and acquisitions [2] - Priority is given to regional leaders and high-growth sectors driven by policy, such as water conservancy, automotive, low-carbon, and smart hardware, to quickly gain regional qualifications and customer resources [2] Group 2: Empowerment of Acquired Enterprises - The company adopts a "headquarters empowerment + regional autonomy" model, retaining core team stability while leveraging advantages in funding, brand, customer resources, and management experience to empower acquired enterprises [2] - This approach aims to ensure a synergistic effect where "1+1>2," enhancing overall competitiveness [2] Group 3: Future Business Direction - The company plans to optimize its business structure, focusing on high-value emerging fields like new energy and electronics, which have significant market potential [2] - It aims to build an intelligent testing platform driven by digitalization and technological innovation, enhancing testing efficiency and service quality [2] Group 4: Global Expansion Plans - The company will pursue a phased global expansion strategy, initially focusing on countries along the "Belt and Road" initiative by establishing localized operational teams [2] - In the mid-term, it plans to set up R&D centers in mature markets like Europe and the United States to absorb advanced experiences and promote qualification recognition [2] - The long-term goal is to create a collaborative global testing service network, efficiently matching technical resources, customer needs, and regional characteristics [2] Group 5: Disclosure Information - The activity does not involve any undisclosed significant information [2]

Group 1: Company Performance - In the first three quarters of 2025, the company achieved a revenue of 5.593 billion yuan, representing a year-on-year growth of 20.27% [3][5] - The net profit attributable to shareholders for the same period was 314 million yuan, with a year-on-year increase of 19.58% [3][5] - In Q3 2025, the net profit reached 92 million yuan, showing a remarkable growth of 252.87% compared to the previous year [3][5] Group 2: Market Position and Challenges - The company has been listed for 9 years but has not gained significant market recognition, with its market value only about one-third of its initial listing value [2][6] - The company acknowledges that its stock price does not reflect its intrinsic value and growth potential [6][7] - The company is currently ranked 6th among domestic PCB manufacturers and 26th globally [9][12] Group 3: Strategic Initiatives - The management is focused on optimizing product structure, enhancing cost control, and accelerating high-end capacity release to improve profitability [3][7] - The company is actively exploring share buybacks and management shareholdings as part of its market value management strategy [6][10] - A new factory in Thailand is under construction, aimed at optimizing global capacity and serving international customers [12] Group 4: Investor Relations and Feedback - The company has received feedback regarding the disparity between employee compensation and company performance, and it is considering reforms to align incentives with performance [10][11] - Investors have expressed concerns about the impact of rising raw material costs on PCB shipments, to which the company is responding with price adjustments and improved material utilization [3][4]