Group 1: Event Overview - The investor relations activities took place from September 1 to September 28, 2025 [2] - The location of the activities was at the New Industry Biomedical Building, No. 23, Jinxiu East Road, Kengzi Street, Pingshan District, Shenzhen [2] - A total of 38 institutions participated, with 75 attendees [2] Group 2: Participants and Activities - The activities included on-site visits and various online strategy meetings with institutions such as UBS and HSBC [2] - Key personnel from the company included Chairman and General Manager Rao Wei, Deputy General Manager and Board Secretary Zhang Lei, and Investor Relations Head Lü Yuning [2] - No new major communication content was introduced beyond previously disclosed investor relations activities [2] Group 3: Attending Institutions - Notable participating institutions included AllianceBernstein, DawnLight Capital, and Polar Capital [3] - Other participants included various fund management companies such as Southern Fund Management and Ping An Pension Insurance [3][4]

Group 1: Company Performance - The company achieved a revenue of 101,025.41 million yuan in the first half of 2025, representing a year-on-year growth of 25.09% [3] - The net profit attributable to shareholders was 16,151.56 million yuan, with a significant increase of 69.22% compared to the previous year [3] - Revenue from online advertising and value-added services reached 80,038.32 million yuan, growing by 30.99% [3] - The gaming business generated 20,809.58 million yuan in revenue, marking a growth of 7.37% [3] Group 2: Industry Overview - The domestic gaming market's actual sales revenue was 168 billion yuan in the first half of 2025, reflecting a year-on-year increase of 14.08% [5] - The gaming user base reached approximately 679 million, with a slight growth of 0.72% [5] - The client game market recorded actual sales revenue of 35.403 billion yuan, up by 4.86% [6] - By the end of Q2 2025, there were 107,300 online service venues and esports hotels in operation, generating a revenue of 48.95 billion yuan in the first half of the year [6] Group 3: Business Development and Strategy - The company focuses on empowering the esports industry through technology, providing end-to-end solutions for upstream game developers, midstream esports entities, and downstream users [4] - The company maintains a strong market presence, covering over 70% of the esports service industry and collaborating with more than 2,000 partners across 96% of cities in China [4] - The company is actively exploring cloud service development paths to enhance the online service venue model [6] Group 4: Subsidiary Developments - The subsidiary, Floating Cloud Technology, is advancing in the artificial intelligence sector, implementing projects in key areas such as judiciary, taxation, and government services [8] - The company’s subsidiary, Shanghai Hanwei, hosts ChinaJoy, which has become a significant platform for international cooperation and investment in the digital entertainment industry [7]

Group 1: Financial Performance - In the first half of 2025, the company achieved a total revenue of 553,874,075.46 CNY, representing a year-on-year growth of 34.44% [3] - Domestic revenue was 468,344,613.60 CNY, with a growth of 38.03%, accounting for 84.56% of total revenue [3] - International revenue reached 85,529,461.86 CNY, growing by 17.68%, making up 15.44% of total revenue [3] - Net profit attributable to shareholders was reported at 42,132,049.92 CNY, reflecting a year-on-year increase of 19.60% [3] - The net profit after deducting non-recurring gains and losses was 38,266,307.13 CNY, up by 24.76% [3] Group 2: Product Performance - Pressure sensors generated revenue of 29,241,000 CNY, a significant increase of 61.88%, contributing 52.79% to total revenue [3] - Thermistors and temperature sensors achieved revenue of 25,140,000 CNY, growing by 12.99%, accounting for 45.39% of total revenue [3] - Oxygen sensors and other products generated 1,007,000 CNY, with a growth of 13.61%, contributing 1.82% to total revenue [3] - MEMS pressure sensors saw revenue of 2,444.93 CNY, marking a substantial growth of 382.33% [5] Group 3: Market Expansion and Globalization - The company has established a wholly-owned subsidiary in Germany to enhance local sales and service capabilities in Europe [7] - A research subsidiary has been set up in Belgium focusing on sensor chip technology and product development [7] - A new wholly-owned subsidiary in Hong Kong has been created to coordinate supply chain operations in the Asia-Pacific region [7] - The company is in the process of establishing a manufacturing base in Thailand to support overseas customer demands [7] Group 4: Technological Development - The company is actively developing force sensors for robotics, with a dedicated R&D team focusing on sensor technology for humanoid and collaborative robots [6] - The EMB (Electronic Mechanical Brake) force sensor project is progressing well, with automated production lines being installed [8] - The EMB system is designed to enhance braking response and precision, aligning with the needs of intelligent automotive systems [8]

Group 1: Global Expansion Strategy - The core strategic belief of the company is "globalization," which drives self-improvement and enhances product levels to serve global customers effectively [2][3] - The company aims to leverage China's supply chain advantages for overseas markets, focusing on Japan and Southeast Asia as initial targets [4] - Currently, the overseas business covers over 30 countries and regions, spanning Asia, North America, Europe, South America, and Oceania [4] Group 2: Customer Procurement Factors - Customers consider multiple factors in purchasing FA components, including product advancement, variety, adaptability, delivery timeliness, and service reliability, with price being a secondary consideration [5][6] - The company focuses on identifying and responding to core customer needs, which forms its competitive advantage and helps establish industry entry barriers [6] Group 3: Supplier Management - The company has a mature supplier management process that includes comprehensive evaluations of suppliers' qualifications, quality management systems, and delivery capabilities [7] - A performance evaluation system is in place to monitor suppliers based on delivery punctuality, quality compliance, and customer complaint handling [7] Group 4: Long-tail Demand and Customer Segmentation - Long-tail demand is characterized by low planning, diverse product categories, small order sizes, fast delivery requirements, and low price sensitivity [8] - The company provides a one-stop procurement service for various customer sizes, from FA to FB and FX products, while expanding its automated equipment ecosystem [8] Group 5: Balancing In-house Production and Outsourcing - The company positions itself as an innovative platform, focusing on customer scenario-based product development rather than heavy manufacturing investments [9] - Self-manufacturing is aimed at ensuring delivery certainty, while the company plans to integrate social production capacity in markets with sufficient supply [9] Group 6: Enhancing Employee Efficiency - The company utilizes digitalization and information technology to improve employee efficiency, such as through an e-commerce platform and smart warehouse systems [10][11] - Future plans include leveraging AI and big data to explore more ways to enhance operational efficiency [11] Group 7: Organizational Development and Employee Cohesion - The company emphasizes organizational strengthening as a key driver for strategic implementation, focusing on employee growth and recruitment of experts in various fields [12][13] - Employee cohesion is fostered through shared goals, care for employee development, and creating value for both customers and employees [13]

Group 1: Company Performance - The company achieved a revenue of 238,183.32 million yuan in the first half of 2025, a significant increase of 52.26% compared to the same period last year [3] - The net profit attributable to shareholders reached 26,327.17 million yuan, reflecting a growth of 83.82% year-on-year [3] Group 2: Core Competitiveness - The company employs an innovative self-research model focused on segmented markets and application scenarios, enhancing its competitiveness in automotive electronics and consumer electronics multilayer boards [4] - The business model integrates key PCB production processes and multi-category products, providing one-stop solutions that enhance technical capabilities and customer service [4] Group 3: PCB Industry Trends - The PCB industry is expected to grow, with Prismark forecasting a revenue growth of 7.6% and a production increase of 7.8% in 2025, driven by demand for AI servers and switches [5] - The compound annual growth rate (CAGR) for the PCB industry from 2024 to 2029 is projected to be 5.2%, with the global market reaching nearly $100 billion and the domestic market reaching $50 billion by 2029 [6] Group 4: High Multilayer Board Market - The demand for high multilayer boards is increasing due to the rapid growth of data volume and the adoption of high-speed designs in AI servers and switches [7] - The company has developed advanced drilling machines and laser drilling solutions to meet the high precision and quality requirements for AI PCB products [8] Group 5: HDI Market Situation - The demand for HDI boards is rising in applications such as AI smartphones and automotive electronics, necessitating higher performance and efficiency from specialized equipment [10] - The company is continuously upgrading its laser drilling and imaging systems to meet the evolving technical requirements of HDI products [10]

Financial Performance - The company achieved a revenue of 4.163 billion yuan in the first half of 2025, representing a year-on-year growth of 8.65% [2] - The net profit attributable to shareholders reached 390 million yuan, with a year-on-year increase of 1.2% [2] - In the automotive parts sector, sales revenue grew by 9.88% in the first half of 2025 [3] - The automotive industry saw a cumulative sales volume of 18.384 million passenger vehicles, a year-on-year increase of 13.8%, while new energy vehicle sales reached 9.62 million, up 36.7% [2] Oil and Gas Equipment Business - The company maintains a leading position in key technologies such as shale gas cluster perforation, achieving a sales revenue of 221 million yuan in the first half of 2025 [3] - The domestic market share for shale gas perforation equipment exceeds 80%, supported by over 30 years of collaboration with major state-owned oil companies [3] - The company has developed a comprehensive range of perforation and completion products, integrating technology from special energy, precision machinery, and intelligent control [3][4] Military Products - Military product revenue for the first half of 2025 was 6.7338 million yuan, reflecting a year-on-year growth of 6.96% [5] - The company aims to build a world-class aerospace intelligent equipment manufacturing enterprise as part of its "1334" development strategy [5] Market and Value Management - The company plans to focus on core business areas, enhancing market development, technological innovation, and integrated development to improve operational quality [5] - It aims to increase cash dividends in line with regulatory requirements and company policies, enhancing shareholder returns [5] - The company is considering implementing an employee stock ownership plan to align interests between employees and the company [6] Future Opportunities - The company anticipates new growth opportunities in the oil and gas equipment sector due to further exploration and development of unconventional oil and gas resources, supported by favorable policies [4]

Financial Performance - The company achieved a revenue of 3.399 billion yuan in the first half of 2025, a decrease of 4.24% year-on-year [1] - The net profit attributable to shareholders was 293 million yuan, down 18.12% year-on-year [1] - There was a significant change in foreign exchange, with a loss of 52.21 million yuan in the first half of 2025 compared to a gain of 73.63 million yuan in the same period of 2024 [1] Production Capacity - The production capacity utilization rate varies by subsidiary based on customer orders, but overall remains in a normal and efficient operating range [1] - The company plans to continue expanding new customers and businesses to enhance capacity utilization and operational efficiency [1] Shareholder Engagement - The company has considered various factors, including industry development and competition, in analyzing its stock incentive and dividend plans [2] - Cumulative cash dividends over the past three years amounted to 498 million yuan, representing 31.68% of the cumulative net profit during that period [2] Strategic Partnerships - The transfer of 51% equity in the company's affiliate, Beiqi Moulding, will not affect the company's shareholding ratio of 49% [2] - The company aims to strengthen long-term cooperative relationships through negotiations regarding the extension of Beiqi Moulding's operational period by 15 years [2] Future Development - The Mexican factory has available capacity and will focus on developing new orders while maintaining good cooperation with existing clients [2] - The company is committed to enhancing value management and reflecting its investment value through high-quality development [2]

Group 1: Market Trends and Pricing - Storage prices are expected to rise by 20%-30% for certain products, with eMMC/UFS prices increasing by 5%-10% [3] - The global AI server market is driving demand for DRAM and NAND, leading to a shift in production capacity towards high-performance server storage products [3] - The storage market is anticipated to see a comprehensive price increase in Q4 due to unexpected demand [3] Group 2: Company Performance and Product Development - The company ranks third in total capacity for enterprise SATA SSDs in China and first among domestic brands, according to IDC data [3] - The company’s enterprise-level PCIe SSD and RDIMM products are being adopted by major domestic enterprises [3] - The company has achieved over 80 million units of its self-developed controller chips deployed by the end of July, with rapid growth expected [6] Group 3: Product Innovations and Collaborations - The company has successfully developed UFS4.1 products, outperforming comparable market products in terms of process, read/write speed, and stability [5] - The SOCAMM2 product, designed for AI data centers, offers significant improvements in bandwidth and energy efficiency [4] - The acquisition of Zilia enhances the company's overseas supply chain capabilities and fosters collaborations with Tier 1 manufacturers in South America [8]

Company Overview - Proris is a data-driven clinical research service provider focused on patient-centered approaches, creating a comprehensive project management system for clinical trials [1][2]. - The company specializes in Site Management Organization (SMO) services, enhancing the quality and efficiency of clinical trials in China [1]. Financial Performance - In the first half of 2025, the company achieved a revenue of CNY 390.10 million and a net profit of CNY 54.16 million [3]. - The second quarter of 2025 saw a year-on-year revenue growth of 1.82% and a quarter-on-quarter increase of 21.06% [3]. - Net profit for the second quarter increased by 45.17% year-on-year and 528.73% quarter-on-quarter [3]. - The company has handled over 4,000 SMO projects, with 2,428 currently active [3]. Market Demand and Orders - In the first half of 2025, the company signed new contracts worth CNY 600 million, a year-on-year increase of 40.12% [4]. - The total value of existing contracts reached CNY 1.998 billion, reflecting a year-on-year growth of 9.45% [4]. Industry Landscape - The SMO industry in China is entering a new development phase, with leading companies expanding their customer resources and technical capabilities [5]. - Smaller SMO firms are gradually exiting the market, leading to increased industry concentration [5]. Client Composition - The company's clients include multinational pharmaceutical companies, domestic innovative drug firms, and primarily multinational CROs [6]. - Proris collaborates with top global pharmaceutical companies, enhancing its service capabilities in innovative drug projects [6]. Project Execution and Areas of Expertise - The company has a strong competitive advantage in various disease areas, including hematological tumors, solid tumors, and rare diseases [8]. - As of June 2025, Proris has facilitated the launch of 93 new oncology drugs and 17 biosimilars [8]. - The company is involved in cutting-edge research areas such as CGT, ADC, and GLP-1, with numerous projects in these fields [8].

Company Overview - Silver Power Transmission Technology Co., Ltd. was established in 2003 in Yinchuan, with approximately 1,600 employees [2][3]. - The main business includes R&D, production, and sales of wind power gearboxes, with key products such as wind power gearbox reducers, pitch gearboxes, and integrated drive assemblies for new energy vehicles [2][3]. Financial and Operational Highlights - As of August 2025, the total investment in the wind power gearbox smart factory reached CNY 1.231 billion [3][4]. - The smart factory is currently in a critical construction phase, with all civil engineering completed and production equipment mostly delivered [3][4]. Smart Factory Development - The smart factory is expected to add an annual production capacity of 2,000 wind power gearboxes upon full operation [4][5]. - The factory's "smart" features include: - Automated logistics and warehouse management using AGV and smart scheduling systems [4]. - Process automation with digital tracking of materials through QR codes [4]. - Quality control through a dedicated quality assurance center [4]. Competitive Advantages - The smart factory is aligned with market trends towards larger and smarter wind turbines, enhancing the company's competitiveness [3][5]. - Industry barriers include: - High technical requirements and rigorous testing for product validation [5]. - Significant capital investment needed for equipment and R&D [5]. - Long supplier qualification periods of 2-3 years for new entrants [5]. Production Management Systems - The company has established comprehensive management systems including PLM, ERP, MES, and DNC to streamline production processes [6]. - These systems facilitate the management of production orders, material preparation, and quality control [6].