Group 1: Investor Relations Activity - The investor relations activity was conducted on September 19, 2025, from 15:30 to 17:00 [2] - The event was a performance briefing for the mid-year report of listed companies in Guangdong [2] - Key participants included the Chairman, CEO, CFO, and Board Secretary of the company [2] Group 2: Key Questions and Responses - Question 1: Can the convertible bonds be adjusted by the end of October? Response: Please refer to the company's future announcements for related matters [2] - Question 2: Does the significant reduction in holdings by executives indicate a lack of confidence in the company's future? Response: The reduction plans by some directors, supervisors, and senior management are primarily based on personal financial needs [2]

Group 1: Company Overview and Activities - Jiyun Technology is a private high-tech enterprise and a national high-tech enterprise [4] - The company focuses on providing integrated marketing services, including strategy formulation, creative planning, media resource integration, and data analysis [4] Group 2: Investor Relations and Communication - The company participated in the "2025 Guangdong District Investor Collective Reception Day" on September 19, 2025, via an online platform [2] - Key executives present included Chairman Wang Heping, CFO Liu Chaoxiong, and Secretary of the Board Qin Lili [2] Group 3: Marketing and Business Strategy - During the Mid-Autumn Festival and National Day, the company will continue to provide internet marketing services to clients [3] - The company is optimizing its business structure and divesting non-core assets to improve operational efficiency and profitability [3] Group 4: Future Plans and Shareholder Expectations - The company has no current plans for asset restructuring or optimization but will comply with legal disclosure obligations if such plans arise [3] - Shareholders expressed hope for the new controlling shareholder to inject quality assets into the company to improve its financial performance [5] - The company aims to enhance operational performance and shareholder returns through focused development of its core internet marketing business [5]

Group 1: Company Performance - The company achieved excellent performance in the pig farming sector in the first half of the year, with per-head profit ranking among the top in the industry, despite a significant valuation lag compared to peers [2] - In August, although pork prices declined, the poultry sector showed strong performance, contributing to profitability alongside the pig farming business, with monthly gross profit margins expected to reach a new high for the year [2] - The company reported total revenue exceeding 100 billion yuan and a net profit nearing 10 billion yuan for 2024, with approximately 50 billion yuan in revenue and 3.6 billion yuan in net profit for the first half of the current year [2] Group 2: Shareholder Returns - Since its listing, the company has implemented 14 cash dividend distributions, totaling 18 billion yuan, with a dividend payout ratio of 58.2% [2] - The company has conducted two stock repurchase plans, with a total repurchase amount of 28.1 billion yuan [2] Group 3: Investor Relations and Market Confidence - There has been a noticeable decline in the company's information disclosure and investor communication activities, with the number of disclosed research activities halving from 18 times in the previous year to 10 times in the current year [3] - The company emphasizes the importance of investor relations management and plans to enhance communication with investors through various formats, including roadshows and conference calls [3] Group 4: Cost Management - In August, the comprehensive cost of pig farming was reported to be between 6.1 and 6.2 yuan per kilogram, while the total cost for broiler chickens was 5.8 yuan per kilogram [3]

Group 1: Company Overview - Convertible Bond Name: Hongya Convertible Bond [1] - Convertible Bond Code: 127041 [1] - Company Name: Guangzhou Hongya Numerical Control Machinery Group Co., Ltd. [1] Group 2: Investor Relations Activity - Activity Type: Online Investor Reception Day [2] - Date and Time: September 19, 2025, from 15:30 to 17:00 [2] - Location: Conducted via the company's investor relations interactive platform [2] Group 3: Key Personnel - Chairman and General Manager: Mr. Li Maohong [2] - Vice General Manager and Board Secretary: Mr. Mo Chenxiao [2] - Vice General Manager and Financial Responsible Person: Ms. Xu Lijun [2] Group 4: Investor Interaction - Investor Suggestion: Convert cash dividends to equivalent share buybacks [2] - Company Response: Acknowledgment of the suggestion and appreciation for investor interest [2]

Group 1: Investor Relations Activity Overview - The investor relations activity was part of the "2025 Guangdong Listed Companies Investor Relations Management Month" [2] - The event took place on September 19, 2025, from 15:30 to 17:00 [2] - The meeting was conducted online via the Panoramic Network [2] Group 2: Company Representatives - Company representatives included Chairman/General Manager Li Qingquan, Board Secretary/Financial Director/Deputy General Manager Zhu Dao, and Independent Directors Xu Yingfeng and Zhang Chuhua [2] Group 3: Dividend Policy Discussion - The company has consistently paid dividends since its listing and has now introduced interim dividends this year [2] - The dividend strategy is based on relevant regulations, including the Company Law and the future three-year shareholder dividend return plan (2024-2026) [2] - The company emphasizes shareholder returns while ensuring normal operations and long-term development [2]

Group 1: Financial Performance and Strategies - The company reported a loss in the mid-year financial results, attributing it to industry cycles and international trade tariffs, impacting both domestic and export sales [1] - To mitigate losses, the company plans to stabilize domestic sales by reducing high-risk engineering projects and increasing the focus on renovation of existing properties [1] - The company aims to expand its export market, particularly in non-U.S. markets and regions involved in the Belt and Road Initiative, while enhancing its product innovation and research capabilities [1] Group 2: Share Buyback and Market Response - In January 2025, the company completed its third share buyback, repurchasing 7,338,974 shares, which is approximately 1.14% of the total share capital, for a total amount of ¥20,251,701.95 (excluding transaction fees) [1] - The company announced plans to continue share buybacks with a budget of no less than ¥20 million and no more than ¥40 million, utilizing its own funds and special loans [1] - As of August 31, 2025, the company had repurchased an additional 1,524,500 shares, representing 0.2360% of the total share capital, for a total amount of ¥5,478,941 (excluding transaction fees) [2] Group 3: Future Outlook and Market Position - The company is committed to achieving its strategic goals and will provide updates on performance through designated information disclosure channels [2] - There are inquiries regarding the probability of turning losses into profits this year, with the company emphasizing its focus on strategic objectives [2] - The company acknowledges the systemic risks in the secondary market affecting stock price fluctuations and is focused on maintaining a normal upward trend in stock prices [2]

Group 1: Company Performance - The company experienced a revenue decline of 16.49% in the first half of 2025, amounting to a decrease of approximately 162 million yuan [3] - The comprehensive gross margin for the first half of 2025 was about 28.69%, down by approximately 4.55 percentage points year-on-year [3] - Due to the decline in revenue and gross margin, the company reported a significant net profit loss in the first half of 2025 [3] Group 2: Market Conditions - The domestic lighting industry has been facing a continuous decline in demand since 2021, with intensified competition in the market [4] - The company noted that the competition in the domestic lighting market remains fierce, with no signs of easing [4] Group 3: Business Strategy and Focus - The company aims to leverage its competitive advantages in product development and project implementation to provide comprehensive lighting solutions [3] - Future business development will focus on commercial lighting, industrial lighting, and new retail projects, while also enhancing the health and intelligence of home lighting products [3] - The company plans to strengthen its technological research and development investments to improve product differentiation and operational efficiency [5] Group 4: Current Challenges - The current order situation is not particularly optimistic, and raw material prices are expected to trend steadily downward [5] - The company is still awaiting the execution of outstanding payments related to legal disputes with Evergrande [5]

Group 1: Company Performance and Financials - The company reported a net profit of -13.91 million from its main business, attributed to the real estate sector [2] - Real estate sales revenue for the first half of 2025 was 6,238,095.24 yuan, a decrease of 16.05% year-on-year [4] - The company holds 9.59 billion in inventory, primarily from real estate projects (approximately 9 billion) and waste battery projects (approximately 0.55 billion), with no significant impairment risk reported [3] Group 2: Strategic Direction and Transformation - The company is pursuing industrial transformation through mergers and acquisitions to establish a second growth curve [2] - There is an ongoing effort to optimize the main business while steadily pursuing mergers and acquisitions [4] - The company is considering cash acquisitions of profitable high-tech assets to improve its operational situation, given the decline in its main business [4] Group 3: Investor Relations and Feedback - Investors expressed concerns about the lack of suitable merger targets and suggested divesting from real estate to enter sectors like semiconductors and new energy [1] - The company has received suggestions for share buybacks to enhance shareholder confidence, which is currently not prioritized due to the focus on future transformation needs [2] - The company reassured investors that its production and operational status is normal, despite recent stock price declines [3]

Group 1: Company Performance and Financials - The company achieved a significant increase in net profit attributable to shareholders in the first half of 2025, driven by the completion of asset acquisitions and fundraising projects, with three target companies included in the consolidated financial statements as of June 30, 2025 [2][3] - The company reported substantial growth in both revenue and profit in the first half of 2025, indicating continuous improvement in management efficiency and market expansion efforts [5][6] Group 2: Strategic Initiatives and Asset Restructuring - The major asset restructuring completed in the first half of 2025 included the acquisition of Tianjin Tianzhu, Zhongjie Aerospace, and Zhongjie Factory, enhancing the company's product matrix and forming a complete solution capability in CNC processing and pressure forming [3][11] - The company is focused on optimizing its customer base towards high-end manufacturing sectors, which is expected to enhance market competitiveness and profitability [12] Group 3: Talent Management and R&D Focus - The company has established a comprehensive talent management system aimed at fostering innovation and building a high-quality technical team, including mentorship programs and long-term incentive plans [3][4] - Future R&D investments will focus on building an independent innovation system and upgrading core products to align with national manufacturing strategies [4] Group 4: Market Position and Industry Outlook - The company plays a key role in the new industrialization process, particularly in the high-end CNC machine tool sector, with products widely used in critical industries such as aerospace and energy [6][10] - The machine tool industry is expected to experience significant growth driven by policy support, market demand upgrades, and technological innovations, enhancing the domestic production rate and increasing demand in key sectors [13] Group 5: Communication and Investor Relations - The company emphasizes transparency and timely information disclosure, maintaining communication with investors through various platforms, including performance briefings and interactive sessions [5] - The company is committed to enhancing its market value management practices, focusing on core competitiveness and high-quality development to benefit shareholders [4][5]

Financial Performance - The company's operating revenue decreased by 21.99% year-on-year, while the net profit attributable to shareholders dropped by 61.69% [2][4] - Domestic sales amounted to only 32.8475 million yuan, indicating a heavy reliance on overseas markets, which account for over 93% of total sales [3] Market Conditions - Despite the decline in performance, the overall demand in Europe remains positive, and Asia's performing arts activities continue to grow steadily [3] - The Middle East market is showing signs of recovery, while the U.S. market is affected by tariffs [3] Strategic Outlook - The company plans to enhance its R&D capabilities and introduce competitive products to increase market share and overall competitiveness [4][5] - Adjustments in product structure and optimization of product proportions in niche markets are part of the strategy to address future market challenges [5] Operational Developments - The fixed assets increased by 10.31% year-on-year, primarily due to the completion of fundraising projects, which are expected to enhance production capacity [3][4] - The company is actively monitoring the progress of its overseas production base in Vietnam, with updates to be disclosed in future announcements [3]