Group 1 - The company, Meiteng Technology (688420.SH), announced an expected decrease in net profit attributable to shareholders for the year 2025, projecting a reduction of between 22.4551 million to 28.5285 million yuan, which represents a year-on-year decline of 55.21% to 70.14% [1] - The net profit attributable to shareholders for the same period last year was 40.6753 million yuan [1]

智通财经APP讯，美腾科技(688420.SH)发布公告，公司预计2025年年度实现归属于母公司所有者的净 利润与上年同期(法定披露数据)相比，将减少2,245.51万元到2,852.85万元，同比减少55.21%到70.14%。 公司上年同期归属于母公司所有者的净利润4,067.53万元。 ...

Financial Performance Forecast - The company expects 2025 annual revenue to be between 508.05 million and 620.95 million yuan, representing a year-on-year change of -7.02% to +13.65%[4] - The net profit attributable to the parent company is projected to decrease by 22.4551 million to 28.5285 million yuan, a year-on-year decline of 55.21% to 70.14%[4] - The net profit attributable to the parent company after deducting non-recurring gains and losses is expected to drop by 16.3667 million to 18.1079 million yuan, a year-on-year decrease of 75.81% to 83.87%[4] - In the previous year, the company achieved a revenue of 546.394 million yuan and a net profit of 40.6753 million yuan[6] Factors Affecting Performance - The decline in performance is attributed to macroeconomic fluctuations, adjustments in the coal market, and increased competition in the intelligent dry selection sector[7][8] - Other income, including government subsidies and software tax rebates, has decreased compared to the previous year, further impacting net profit[8] Market Development and Investment - The company is increasing its market development efforts, resulting in a year-on-year increase in sales expenses[8] - The company continues to invest in R&D and is making progress in new product development and market expansion, including steady overseas growth[8] Audit and Investment Risks - The financial data in the performance forecast has not been audited by a registered accountant and is based on preliminary calculations[9] - Investors are advised to pay attention to investment risks as the forecast data is subject to change pending the audited annual report[10]

Core Viewpoint - Meiteng Technology has announced an annual performance forecast indicating a significant decline in net profit for 2025, attributed to macroeconomic fluctuations, energy structure transformation, and adjustments in the coal market supply-demand relationship [1] Financial Performance - The company expects a net profit attributable to shareholders for 2025 to be between 12.1468 million and 18.2202 million yuan, representing a year-on-year decrease of 55.21% to 70.14% [1] - The net profit after deducting non-recurring gains and losses is projected to be between 3.4826 million and 5.2238 million yuan, reflecting a year-on-year decline of 75.81% to 83.87% [1] Industry Context - The coal industry, which is the primary downstream sector for the company, is experiencing an overall downturn and is in a cyclical adjustment phase, leading to cautious capital expenditure from coal enterprises [1] - Increased competition in the intelligent dry selection sector has prompted the company to adjust its sales strategy, focusing on competitively priced products to maintain market share [1] Operational Challenges - The company's gross profit margin has narrowed compared to the previous year due to the competitive pricing strategy and lower-than-expected revenue growth [1] - There has been an increase in sales expenses as the company intensifies its market expansion efforts [1] - Other income, including government subsidies and software tax rebates, has decreased compared to the same period last year, further impacting the company's net profit levels [1]

Core Viewpoint - Meiteng Technology focuses on customer needs by providing both standardized intelligent equipment products and customized engineering design and system solutions based on different application scenarios and client requirements [1] Product Offering - The company's product system includes both standardized equipment and non-standard solutions that are designed according to specific working conditions [1] - Current solid-liquid separation products mainly consist of pressure filter machines and ultra-compressed bag filter presses [1] Production and Development - The pressure filter machines are primarily developed and produced by the company's subsidiary, Laimei Intelligent [1] - The ultra-compressed bag filter presses are developed and manufactured by the company at its Eco-City production base [1]

Core Viewpoint - The company Meiteng Technology plans to launch the "Zhi Mei Master" industry model in 2024, which utilizes digital twin and knowledge graph technologies to create an AI system specifically designed for the coal industry [1] Group 1: Product Launch and Features - In 2024, the company will introduce the "Zhi Mei Master" product, which supports multi-modal interaction including voice, text, and images [1] - The product will cover over 20,000 professional documents and more than 10,000 knowledge graph entities to accurately address coal selection challenges [1] - The system will integrate with a digital twin system and a coal industry knowledge graph to enable online diagnosis of production anomalies and optimization of scheduling [1] Group 2: Future Developments - In 2025, the company plans to launch the "Smart Command Center" product, which aims to achieve multi-end collaboration and seamless integration across all scenarios [1] - This product will enable intelligent management throughout the entire coal production process, creating a collaborative system that spans decision-making, scheduling, and execution layers [1] - The company emphasizes that data-driven intelligent management will be integrated throughout the entire production process [1]

Core Viewpoint - The company emphasizes the importance of technological innovation and cost control in enhancing product competitiveness, particularly in its dry selection machine series [1] Group 1: Technological Innovation - The company has improved the processing capacity of its dry selection machine series while optimizing perception, analysis, and decision-making control to enhance sorting accuracy [1] - The focus on self-research and production of core components has led to modular and standardized processing and production of product parts [1] Group 2: Cost Management - The company has strengthened project cost control, effectively reducing product costs [1] - Continuous improvement in product competitiveness is achieved through the synergy of technological innovation and cost management [1]

Core Viewpoint - The company aligns its development strategy with the national initiative outlined in the "Artificial Intelligence + Manufacturing" implementation plan, focusing on cultivating key industry models and promoting lightweight deployment and industrial applications [1] Group 1: Company Strategy and Initiatives - The company has developed an industry-specific model called "Knowledge Coal Master" for the coal selection field, which includes capabilities for process analysis and production management optimization, achieving commercial application [1] - The model integrates knowledge graphs with real-time data to provide decision support for intelligent scheduling and equipment maintenance, adhering to the policy's requirements for "cloud-edge-end" collaborative innovation [1] Group 2: Technological Advancements - The company aims to deepen the application of artificial intelligence technologies in coal selection and mining, leveraging its accumulated experience in intelligent equipment and system development to promote the integration of industrial models with production control [1] - The policy's emphasis on high-performance algorithms and reliability aligns with the company's technological advantages in areas such as X-ray sorting and digital twins [1] Group 3: Commitment to Innovation - The company will continue to focus on independent research and innovation while closely monitoring relevant policy developments to advance technology upgrades and iterations, striving to create greater value for the industry and society [1]

Core Viewpoint - The company is actively responding to national policy directions and focusing on the application prospects of artificial intelligence technology in the mining industry [2] Group 1: AI Technology Development - The company has launched a proprietary large model named "Zhi Mei Da Shi" in the coal selection industry, which features deep analysis and precise prediction capabilities [2] - The company is continuously promoting the research and development upgrades of industry-specific large models [2] Group 2: International Expansion - The company has successfully applied its intelligent equipment business in overseas markets, with orders established in countries such as Indonesia, Mongolia, Tajikistan, Kazakhstan, Turkey, and Russia [2] - Future plans include strengthening overseas team building, product promotion, and model project construction to enhance international brand influence [2] - The company's large model products are deemed suitable for international expansion, with specific overseas promotion plans to be evaluated based on technology maturity, market demand, and compliance requirements [2]

Group 1 - The core business of Meiteng Technology involves providing intelligent equipment and systems for the mining and industrial sectors, with main revenue sources being intelligent equipment (71.86%), intelligent systems and instruments (14.44%), and other businesses (13.70%) [1] - As of December 31, Meiteng Technology's financing balance was 37.69 million yuan, accounting for 3.78% of its circulating market value, which is below the 40th percentile level over the past year, indicating a low financing level [1] - The company reported a revenue of 396 million yuan for the period from January to September 2025, a year-on-year decrease of 0.40%, and a net profit attributable to shareholders of 6.41 million yuan, down 81.47% year-on-year [2] Group 2 - As of September 30, the number of shareholders of Meiteng Technology was 5,069, an increase of 0.14% from the previous period, while the average circulating shares per person decreased by 0.14% to 6,728 shares [2] - Since its A-share listing, Meiteng Technology has distributed a total of 69.49 million yuan in dividends [3] - Among the top ten circulating shareholders as of September 30, 2025, CITIC Prudential Multi-Strategy Mixed Fund (LOF) A is the newest shareholder, holding 359,000 shares [3]