Group 1: Company Orders and Financial Performance - The company has a total order backlog of 5.58 billion CNY as of June 30, 2025, with overseas project orders amounting to 2.30 billion CNY, accounting for 41.22% of the total [2] - The year-on-year growth of the order backlog is 8.35% [2] Group 2: Profitability and Market Position - The company's gross profit margin has improved due to its ongoing internationalization strategy, leveraging technical strength, quality, and service advantages [3] - The company has established a global sales network, enhancing its market coverage and customer base, which supports continuous growth in export business [3] Group 3: Competitive Advantages - The company possesses significant competitive advantages in the ultra-high temperature heat exchange sector, including material, design, and process superiority [4] - High manufacturing barriers and strict quality assurance systems contribute to stable market share, as customers prioritize product quality [4] Group 4: Product Applications and Market Expansion - The company's carbon black equipment is applicable for the production of conductive and specialty carbon blacks, having supplied equipment to notable companies like Black Cat and Yongdong [5] - The expanding application space for conductive and specialty carbon blacks is expected to positively impact sales of the company's carbon black equipment [5] Group 5: Acquisition Progress - The company disclosed the acquisition of Haowei Technology on July 14, 2025, and is actively progressing with the transaction, although uncertainties remain regarding its final implementation [6]

Group 1: Company Overview - The company focuses on the research, development, production, and sales of high-voltage power supply systems for electric vehicles, including on-board chargers (OBC), DC/DC converters, and power integration products [1] - The main function of on-board power products is to convert AC power from the grid into DC power for electric vehicle batteries and to convert high-voltage DC output from batteries into low-voltage DC for vehicle equipment [1] Group 2: International Business Development - In 2021, the company partnered with Renault, with mass production expected to gradually start in 2024 [1] - By 2024, overseas business revenue is projected to account for approximately 6.8%, increasing to over 17% in the first half of 2025, indicating progress in the company's internationalization strategy [1] Group 3: Business Strategy and Market Approach - The company has focused on expanding its business around battery charging and discharging technology, primarily targeting on-board power products for electric vehicles, while non-vehicle products are developed based on customer demand [3] - The company maintains an open yet cautious approach in other fields, assessing the maturity of commercial scenarios and market supply structures before investing [3] Group 4: Shareholder Information - On September 4, 2025, a portion of shares prior to the initial public offering and strategic placement, accounting for 50.71% of total shares, was unlocked and listed for trading [4] - Shareholders wishing to reduce their holdings must announce their intentions in advance, while others can reduce their holdings without additional disclosure from the company [4] Group 5: Regulatory Compliance - On September 19, 2025, the company received a notification from the Shenzhen Stock Exchange regarding the acceptance of its application for a specific stock issuance [5] - The company will strictly adhere to relevant regulations and regulatory requirements in advancing subsequent work [5] Group 6: Disclosure of Information - The investor relations activity does not involve the disclosure of any undisclosed significant information [6]

Group 1: Company Overview - China Tianying Co., Ltd. is a large international listed company engaged in zero-carbon environmental new energy, smart city services, and waste resource utilization [2][3]. - The company has developed a comprehensive service system covering the entire industrial chain of solid waste management [3][4]. Group 2: Technological Innovation - The company has established a core technology system for solid waste treatment, including key technologies such as large tonnage mechanical grate furnaces and plasma melting [3]. - Continuous technological iteration and upgrades have created a complete closed-loop from R&D to project application, supporting the construction of "waste-free cities" [3]. Group 3: Project Developments - The Liao Yuan project includes a 514.8 MW grid-connected wind power project and a 10,000-ton green methanol production project, currently in the installation phase [5][6]. - The Anda project encompasses a 400 MW grid-connected wind power project and a 19,500-ton green hydrogen production project, with construction underway [6]. Group 4: Market Strategy - The company has implemented a "dual circulation" strategy to expand its international market presence, acquiring Urbaser in Spain to enhance its operational experience in solid waste management [3][4]. - The focus is shifting towards hydrogen-based energy products, aligning with the "dual carbon" goals [4]. Group 5: Green Energy Products - The company plans to produce green fuels such as electric methanol, ammonia, and methane, aiming for an annual production capacity of 200,000 tons by 2026 and 1,000,000 tons by 2030 [10]. - The global shipping industry is projected to reduce greenhouse gas emissions by over 20% by 2030, creating a growing demand for green fuels [8][9]. Group 6: International Certification and Supply Chain - The company has obtained ISCC EU certification, enabling access to the EU energy market and enhancing its competitiveness in high-end green energy product sales [11]. - A collaborative international supply chain has been established to support the application of green fuels in new ocean-going vessels [12].

Group 1: Financial Performance - In the first half of 2025, the company achieved operating revenue of 52,343.60 million yuan, a year-on-year decrease of 2.43% [6] - The net profit attributable to shareholders was 131.34 million yuan, an increase of 152.22% year-on-year [6] - Total assets at the end of the reporting period were 240,748.13 million yuan, a decrease of 3.66% from the beginning of the period [6] - Equity attributable to shareholders increased by 0.25% to 122,170.35 million yuan [6] Group 2: Subsidiary Performance - The subsidiary Suzhou Jun Kang reported a net profit of 670.09 million yuan in the first half of 2025, but an operating loss of -436.95 million yuan [4] - The company plans to enhance product development and market expansion to achieve profitability for Suzhou Jun Kang [4] Group 3: Strategic Focus - The company is committed to its two main business segments: "Life Information and Support" and "Renal Medical" [2] - It aims to innovate and develop intelligent medical devices that address clinical pain points, transitioning from "functional integration" to "intelligent decision-making" [2] - The company is actively seeking related targets in the industry chain for potential acquisitions [3] Group 4: Future Plans - In 2025, the company will focus on high-end, intelligent, and IoT-enabled new products, while enhancing the penetration of high-margin products [8] - The company is leveraging opportunities from medical infrastructure expansion, hospital upgrades, and accelerated domestic substitution [8] - Plans include improving operational efficiency through lean management and cost reduction initiatives [8] Group 5: Project Developments - The Suzhou Jun Kang dialysis production line project is expected to produce 12 million dialysis devices annually, with completion targeted for June 30, 2026 [7] - The German subsidiary is undergoing asset management due to strategic adjustments [7]

Group 1: Supermarket Transformation and Performance - In 2024, the company initiated a transformation of its supermarket format, launching nine lifestyle theme pavilions and one fulfillment center, with the first SP@CE3.0 located in Shenzhen Baoan [2] - The company standardized modifications in five stores and made partial adjustments in 17 stores, resulting in a doubling of sales within three days post-opening for the standardized stores, with ongoing year-on-year growth in customer traffic and sales [2] Group 2: Cost Reduction and Efficiency Improvement - The company has been actively pursuing cost reduction and efficiency enhancement initiatives, optimizing resource allocation and focusing investments in high-potential areas and core formats to improve overall asset turnover and profitability [2] Group 3: Public REITs Progress - The company is in the process of issuing a public REIT, utilizing the Suzhou Xiangcheng Rainbow Shopping Center as the underlying asset, which has been formally accepted by the China Securities Regulatory Commission and the Shenzhen Stock Exchange [3]

Group 1: Business Overview and Product Offerings - The company focuses on providing advanced system solutions and lifecycle services in the energy and power sectors, with key products including compressors and heat exchangers, covering a temperature range of -271℃ to 200℃ [3] - The product matrix includes various types of compressors such as screw, centrifugal, absorption chillers, piston, and industrial heat pumps, showcasing significant technological advantages and market performance [3] - The company has developed a full range of magnetic levitation compressor products, which demonstrated reliability and efficiency during the Beijing Winter Olympics project [3] Group 2: Market Applications and Industry Segments - Products are widely used in sectors such as food processing, cold chain logistics, industrial refrigeration, and special environments like aerospace and mining [3] - The company has successfully served numerous data centers in China, including major clients like the National Supercomputing Center and China Mobile, and has expanded its services to overseas markets in North America, Australia, Southeast Asia, and the Middle East [3][4] - The company’s cooling solutions for data centers include advanced technologies recognized in the national green data center product directory [4] Group 3: Nuclear Power Industry Engagement - The company is actively involved in the nuclear power sector, focusing on core applications such as nuclear island cooling and heat recovery, providing innovative technologies for safe and efficient energy use [4] - It has supplied products to several nuclear power stations in China, enhancing operational safety and efficiency [4] - The company’s subsidiary has developed a unique no-power cooling system for nuclear applications, contributing to the advancement of nuclear energy utilization technologies [4]

Group 1: Company Overview - The company has two production bases located in Kunming and Fangchenggang, with a flexible production model to adjust product structure based on market demand and profit margins [3] - Main products and designed production capacities include: - Kunming: Dicalcium phosphate 100,000 tons/year, Calcium hydrogen phosphate 150,000 tons/year, Calcium hydrogen phosphate III 150,000 tons/year, Heavy (rich) calcium 150,000 tons/year, Sodium fluorosilicate 10,000 tons/year - Fangchenggang: Heavy (rich) calcium 140,000 tons/year, Industrial wet-process purified phosphoric acid 150,000 tons/year (after technical transformation), Sodium fluorosilicate 15,000 tons/year [3] Group 2: Financial Performance - In the first half of 2025, the company achieved operating revenue of CNY 1.744 billion, a year-on-year increase of 27.91% [4] - Net profit attributable to shareholders reached CNY 177 million, a significant year-on-year increase of 166.51% [4] - Operating cash flow improved significantly, with a net amount of CNY 170 million, up 423.23% year-on-year [4] - Total assets as of the reporting period were CNY 3.669 billion, with total liabilities of CNY 1.029 billion, resulting in net assets of CNY 2.640 billion and a healthy asset-liability ratio [4] Group 3: Business Structure and Profitability - Phosphoric acid business contributed 51.36% of revenue, while feed-grade phosphates and phosphates accounted for 23.92% and 22.87% respectively [4] - The gross profit margin for the phosphate fertilizer segment was 29.52%, serving as a key driver for profit growth; feed-grade phosphates and phosphoric acid had gross profit margins of 17.60% and 9.86% respectively [4] Group 4: Future Plans and Investments - The company plans to gradually increase dividend payouts based on actual performance and national policy guidance [5] - Currently, there are no plans for capital market financing; future evaluations will consider strategic development needs and market conditions [5] - The Suez phosphate chemical project in Egypt is progressing as planned, with expected annual revenue contributions exceeding CNY 2 billion and net profits over CNY 300 million upon full production [6] - The project is strategically significant for enhancing market competitiveness and optimizing cost structure [6] Group 5: Resource Management - Phosphate resources for the Kunming base are sourced from surrounding areas, utilizing low-grade phosphate rock to produce high-quality phosphate concentrate, providing a price advantage [6] - The Fangchenggang base sources phosphate rock from overseas and northern China, leveraging port advantages for optimal procurement [6] Group 6: Strategic Adjustments - The company has decided to temporarily adjust its development strategy in the renewable energy sector while maintaining a long-term positive outlook on the industry [8]

Group 1: Company Overview - Securities Code: 300530, Securities Abbreviation: Lingpai Technology [1] - Company Name: Hunan Lingpai Technology Group Co., Ltd. [1] Group 2: Investor Relations Activity - Activity Type: Performance Briefing [2] - Date and Time: September 19, 2025, from 14:30 to 17:00 [2] - Location: Conducted via online platform [2] Group 3: Key Personnel - Board Secretary: Zhou Huato [2] - Chief Financial Officer: Shen Ju [2] - Securities Affairs Representative: Wan Feng [2] Group 4: Solid-State Battery Technology - Company has engaged in solid-state battery patent research from 2019 to 2022, resulting in a few patents [3] - Patents include one invention patent for "Composite Polymer Solid Electrolyte and Lithium Battery" granted in 2022 and one utility model patent for "Solid-State Battery" also granted in 2022 [3] - Currently, there are no ongoing solid-state battery R&D projects, and no new technical patents have been obtained [3] - Existing products do not involve solid-state battery technology, and there is no production capability or application scenarios for solid-state batteries [3]

证券代码：300520 证券简称：科大国创 二、公司在数据要素和可信数据空间方面有什么进展？ 答：公司作为唯一民营上市公司参与国家数据基础设施数据要 素场应用示范项目，并成为首批完成全国互联互通验证的数据基础 设施节点承建方，标志着公司正式进入国家数据要素基础设施核心 建设梯队；同时公司"基于形式化验证的 AI 智能体安全漏洞自动 挖掘平台"荣获 2025 年"数据要素×"大赛安徽分赛人工智能赛道 金奖，充分彰显了公司在数据要素×人工智能创新应用领域的领先 实力。后续公司将发挥数据智能核心技术优势及标杆项目示范效应， 围绕国家基础设施、可信数据空间、数据应用等方面加大市场拓展， 打造新的业务增长点。 三、公司在量子领域的布局情况如何？ 答：公司积极关注并看好量子科技的发展前景。当前，量子科 技已进入技术研发、工程应用和产业培育一体化推进的关键期，安 徽也正在大力推进科技成果转化和场景应用，拓展量子科技在政务、 能源、金融、能源等领域场景示范应用。公司抢抓发展机遇，通过 参股投资方式前瞻布局了量子科技产业优质企业，并积极推动量子 软件方向的协同与合作。同时，依托"科大系"企业在产学研上的优 势积累，公司积极与合 ...

Group 1: Investment Strategy and Market Conditions - The company is closely monitoring the latest policy developments regarding solar projects in Xinjiang and will proceed with investments based on these policies while controlling costs and optimizing market strategies to achieve good operational efficiency [2] - In the first half of 2025, the company's on-grid electricity price significantly decreased due to intensified competition in the Guangdong electricity market, leading to a notable decline in gross profit and overall profitability [2] - The company plans to optimize fuel procurement strategies and expand revenue by seizing market opportunities in the second half of the year while advancing the construction of advanced units to cultivate new profit growth points [2] Group 2: Long-term Contracts and Power Generation Capacity - The long-term electricity price is influenced by macroeconomic factors, electricity supply and demand, fuel prices, and marketing, which introduces a degree of uncertainty [3] - The company is currently preparing for the next year's long-term contract signing and aims to strengthen marketing efforts to provide stable support for next year's operating performance [3] - The company has 8 million kW of coal-fired capacity and approximately 2.942 million kW of gas-fired capacity under construction, with an expected commissioning of 3-5 million kW of coal-fired units in 2025 [3] Group 3: Market Dynamics and Profitability - The profitability of coal-fired units is affected by national policies, electricity supply and demand, unit costs, fuel prices, and market trading mechanisms [3] - With the establishment of a unified national electricity market, the profitability of coal-fired units with similar technology and management levels in the south and north may converge, but specific profitability will depend on regional conditions and operational capabilities [3]