Financial Performance - In the first half of 2025, the total assets of the company reached 19.906 billion CNY, an increase of 3.08% compared to the beginning of the period [2] - Total operating revenue was 15.338 billion CNY, a year-on-year increase of 8.59% [2] - Net profit attributable to shareholders was 310 million CNY, up 7.27% year-on-year [2] - Net cash flow from operating activities was 686 million CNY, a significant increase of 602.45% [2] Gas Supply and Market Position - In the first half of 2025, the company supplied 2.131 billion cubic meters of natural gas, with industrial and commercial users accounting for approximately 81.29% [3] - The gross profit from urban gas business was 666 million CNY, an increase of 2.1% year-on-year, with a gross profit margin of 10.12% [3] - The company has established a robust customer structure primarily focused on industrial and commercial sectors, benefiting from the industrial scale of Foshan [2] Supply Chain and Revenue Growth - The supply chain business achieved operating revenue of 8.282 billion CNY in the first half of 2025, a year-on-year growth of 22.66%, accounting for 54% of total revenue [9] - The company has diversified its supply chain operations to include various products such as refined oil, fuel oil, and biodiesel [9] SOFC Development - The company has formed a specialized R&D team for SOFC (Solid Oxide Fuel Cell) technology, currently developing a 50kW SOFC system prototype [10] - The company aims to apply SOFC technology in various scenarios, including data centers and waste treatment facilities [12] Dividend Policy - Since its listing in November 2017, the company has maintained a stable dividend level, with cumulative cash dividends amounting to 3.088 billion CNY, averaging over 65% of net profit attributable to shareholders [7] - In 2024, the total cash dividend was 623 million CNY, accounting for 73% of net profit [8] Future Investments and Strategic Initiatives - The company plans to adopt a more cautious investment strategy in the coming years, focusing on sustainable returns for shareholders [7] - The company is investing in green methanol production, with a total planned investment of 10 billion CNY to establish production bases with a combined capacity of 1 million tons per year [13][14]

Group 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]

Group 1: Financial Performance - Revenue decreased by 10.85% year-on-year, attributed to a decline in market demand and specific company factors [2] - Net profit attributable to shareholders for the first half of 2025 was 100.32 million CNY, with the pig farming segment contributing 6.06 million CNY [6] - Operating cash flow net amount increased by 240.32%, mainly due to reduced wheat procurement volume and prices [4][5] Group 2: Cost Management - Key measures to reduce costs in the pig farming segment include optimizing feed nutrition, improving health management, and enhancing breeding management [3] - The company aims to lower breeding costs below 12 CNY/kg, with some farms already achieving this [7] Group 3: Market Strategy - The company is focusing on high-end noodle products, with over 55% of revenue coming from high-margin products in the first half of 2025 [6] - Plans to expand distribution channels include strengthening existing channels and penetrating new markets such as small stores and wholesale markets [3] Group 4: Product Development - The company is actively responding to health trends by expanding the use of buckwheat and whole wheat flour in products [2] - New product lines, including children's nutritional noodles and organic noodles, generated nearly 10 million CNY in revenue during the reporting period [8] Group 5: Investor Relations and Corporate Governance - The company plans to enhance shareholder value through cash dividends, share buybacks, and improved information disclosure [4] - The company maintains a debt ratio of approximately 56.4% and is focused on reducing leverage through cost management and improving cash flow [8]

Company Overview - The company specializes in high-performance protective materials, with a focus on various application fields including automotive, engineering machinery, communication electronics, and rail transportation [2][3]. - In 2024, the company reported a significant revenue and net profit, with specific figures not disclosed in the document [2]. Market Competition - The market is characterized by a fragmented competitive landscape, with numerous players including multinational corporations, domestic leaders, and small-scale manufacturers [2]. - Multinational companies currently hold a major market share, posing significant competition to the company [3]. Revenue Breakdown - Revenue contributions from major application areas for the first half of 2025 are approximately: - Automotive: 68% - Engineering Machinery: 10% - Communication Electronics: 12% - Rail Transportation: 3% [3]. International Sales - The company's overseas sales accounted for about 20% of total revenue in the first half of 2025 [3]. Product Applications - The company is exploring applications in emerging fields such as humanoid robotics, with products being developed for specific components like dexterous hands and harness systems [3][4]. - Current projects are in the testing and validation phase, with some samples delivered to clients for further verification [3]. Manufacturing Bases - Manufacturing bases are strategically located in Shenzhen, Dongguan, Jiangmen, Chongqing, Wuhan, Suzhou (Kunshan), and Mexico to align with downstream customer locations [3][4]. Pricing Strategy - The company maintains a competitive pricing strategy, leveraging cost advantages while negotiating prices based on customer requirements and market conditions [3][4]. Competitive Advantages - Key competitive advantages include: - Technological and R&D capabilities - Vertical integration (e.g., in-house production of single filaments) - Comprehensive service offerings with a well-structured manufacturing base [4]. - The company is recognized as one of the few domestic firms integrated into both domestic and international supply chains for functional protective casings [4]. Future Development - The company aims to expand its product categories centered around high-performance protective materials and is considering mergers and acquisitions for growth [4]. - Plans to establish manufacturing facilities in Morocco, Vietnam, and Thailand are underway to enhance international presence and revenue [4]. Risk Awareness - The document emphasizes that forward-looking statements regarding future plans and performance do not constitute binding commitments, urging investors to remain aware of associated risks [4].

Group 1: Company Performance - In the first half of 2025, the company achieved a revenue of 5.34 billion yuan, representing a year-on-year growth of 14.75% [3] - The net profit attributable to shareholders reached 25.38 million yuan, with a significant year-on-year increase of 140.35% [3] - The company's gross margin has improved significantly, indicating a fundamental enhancement in its financial health [3] Group 2: Strategic Planning - The company is focusing on a "one-stop service platform" for drug development, promoting a full-package service model to reduce communication costs and enhance efficiency [3] - The integration of AI technology into drug research and development is a key strategy, with successful applications in multiple core business areas [3] - The company aims to leverage its technological service capabilities to fill critical gaps in the industry chain and foster collaborative ecosystems [3] Group 3: Market Expansion - Over 80% of the company's revenue comes from overseas clients, with approximately 20% from the Asia-Pacific region [4] - The company is actively expanding its presence in the Asia-Pacific market and enhancing its service capabilities in Europe and the US [4] - New modality drug business has seen a significant increase, with orders from XDC and peptides rising from 8% to 17% year-on-year [5] Group 4: Customer Strategy - The company aims to secure long-term contracts with multinational corporations (MNCs) while also empowering more biotech firms as long-tail customers [5] - The customer structure is primarily composed of small to medium biotech firms, with a trend of MNC clients returning [5] - The company is focusing on enhancing collaboration with MNCs to stabilize its customer base and performance [5] Group 5: Financial Goals and Milestones - The long-term strategic goal is to capture 1% of the global CXO market, which is valued at 1 trillion USD [7] - The company targets a revenue increase to 2.5 billion yuan and a net profit of no less than 200 million yuan by 2027 [7] - Key milestones for the upcoming year include enhancing full-package services, establishing laboratories in Boston and the UK, and improving overall service capabilities [8]

Group 1: Company Overview - The main business of the company is the research, production, and sales of self-lubricating bearings and high-performance polymers, with key products including self-lubricating bearings and modified engineering plastics [2] - In the first half of 2025, the company's revenue increased by 11.03% year-on-year, and the net profit attributable to shareholders grew by 9.22% [2] - Revenue from the automotive and engineering machinery sectors increased by approximately 10% [2] Group 2: Market Focus and Strategy - The automotive sector is a key development direction for the company, which aims to enhance market share [2] - The engineering machinery sector showed a significant rebound in revenue during the first half of the year, with a focus on cost reduction through industry chain collaboration [2] - The company maintains close communication and cooperation with stakeholders in the robotics industry, including manufacturers and suppliers [3] Group 3: Product Applications and Innovations - The company's linear actuators are primarily used in robotic fingers, wrists, elbows, and knees, facilitating precise coordination of robotic movements [3] - High-performance polymers such as PTFE, PEEK, and PA are utilized in the company's products, offering lightweight, corrosion resistance, and improved structural strength [3] - The use of polymer materials for structural components significantly enhances production efficiency and reduces costs, contributing to the lightweight and cost-saving requirements of robotics [3] Group 4: Financial Performance - The overall gross margin for the first half of 2025 remained stable, with a slight decline of approximately 1 percentage point due to raw material price fluctuations [3] - Domestic revenue accounted for about 60% of total revenue, benefiting from the robust growth of the domestic automotive industry [3]

| | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 √业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 （请文字说明其他活动内容） | | 参与单位名称及 | 线上参与公司 年半年度网上业绩说明会的投资者 2025 | | 人员姓名 | | | 时间 | 年 月 日（周三）15:00~16:30 2025 9 3 | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net） | | | 采用网络远程的方式召开业绩说明会 | | | 1、公司董事长兼首席执行官薛永江 | | 上市公司接待人 | 2、公司副总裁、董事会秘书、财务总监胡大伟 | | 员姓名 | 3、独立董事刘娅 | | | 4、保荐代表人石坡 | | | 投资者提出的问题及公司回复情况 | | | 公司就投资者在本次说明会中提出的问题进行了回复： | | | 1、上半年，公司经营业绩实现快速增长，尤其是归母 | | | 净利润增速超过 100%。请问董事长，上半年公司业绩大幅 | | 投资者关系活动 | 增长的主 ...

Group 1: Financial Performance - The company's net profit attributable to shareholders for the first half of 2025 increased by 27% year-on-year, driven primarily by revenue growth in the membrane business [2] - The revenue from membrane separation engineering increased due to the completion and acceptance of multiple projects, although the gross margin showed some fluctuations due to varying project characteristics [2][3] Group 2: Market Expansion - Overseas business revenue grew by over 20% year-on-year in the first half of 2025, with major sales regions covering over 130 countries including Southeast Asia, the Middle East, Eastern Europe, and South America [3] - The company is actively enhancing its overseas market presence through channel development, product structure optimization, and brand promotion [3] Group 3: Product Development - The sales revenue of seawater desalination membranes and acid-alkali resistant membranes saw significant growth, aligning with the company's strategic expectations for domestic substitution and high-end product demand [3] - The company plans to continue leveraging its technological advantages to expand market applications for related products [3] Group 4: Subsidiary Performance - The growth of the subsidiary's plant fiber business is relatively weak, attributed to the correlation with real estate delivery volumes affecting furniture demand [3] - The company is exploring commercial projects in sectors like education and healthcare, while enhancing online and offline integration to improve operational efficiency [3]

Group 1: Performance Overview - The company's performance in the first half of 2025 showed a reduction in losses compared to the same period last year, primarily due to orderly execution of operational plans [2] - Cost reduction and efficiency improvements contributed to a decrease in raw material costs, which positively impacted the overall gross profit margin of the company's products [2] Group 2: Investor Engagement - The investor relations activity was conducted through an online earnings briefing on September 3, 2025, with participation from key company executives including the Chairman and General Manager [2] - The engagement aimed to address investor inquiries regarding the company's financial performance and operational strategies [2]

Group 1: Company Performance - The company experienced a slight decline in revenue in the first half of 2025, with net profit significantly decreasing, indicating a situation of increasing revenue but decreasing profit [3] - The company reported that the second quarter showed an upward trend in both revenue and profit compared to the first quarter, suggesting a potential recovery [3] - The company plans to enhance its performance in the second half of 2025 by increasing R&D investment, expanding new markets and product lines, and improving product and service value [3] Group 2: Collaborations and Market Position - The company has established deep collaborations with international clients such as LG and Tesla, as well as domestic and international lithium battery manufacturers and new energy vehicle companies [3] - The company is actively seeking partnerships with well-known domestic and multinational companies in the new energy vehicle sector, including Geely, BYD, Mercedes-Benz, and BMW [2] - The company’s products are positioned as industry-leading in terms of performance, consistency, and stability, meeting high safety and power output demands [3] Group 3: R&D and Future Projects - The company is currently working on several R&D projects related to large cylindrical structural components, including various types of structural parts and nickel-plated steel shells for lithium batteries [4] - The new cylindrical lithium battery precision metal structural component project commenced construction in April 2025 and is currently in the construction phase [5] - Revenue from emerging fields such as aerospace satellites, low-altitude economy, and solid-state batteries is relatively small compared to overall income [5] Group 4: Investor Relations and Market Management - The company emphasizes the importance of market sentiment, macroeconomic conditions, and industry competition as factors influencing its stock price [3] - The company is committed to improving market value management through enhanced information disclosure, investor communication, and shareholder returns [3] - The company assures that any forward-looking statements regarding future plans and strategies do not constitute substantive commitments to investors [5]