I. Technological Innovation Breakthroughs and Continued Growth in R&D Investment

　　Liaoning Yiliansheng New Materials Co., Ltd. always regards technological innovation as the core driving force for the company's development. Recently, the company has further increased its R&D investment, adding [X] yuan for the research and development of new high-speed steel roll products and the optimization of existing product performance. Under the leadership of Senior Engineer Gong Kailing, the company's R&D team has achieved phased research results in response to the needs of high strength, heat crack resistance, and high wear resistance of rolls for the new generation of bar continuous rolling mill headless rolling production line. By optimizing the composition design of high-speed steel rolls and improving the heat treatment process, the newly developed rolls have shown excellent performance in simulation tests. Their wear resistance is improved compared to existing products, and their heat crack resistance is also significantly enhanced. Mass production is expected to be achieved by the end of 2025, which will bring more efficient and stable roll solutions to the bar rolling industry.

　　II. Frequent International Cooperation Consultations and Expanding Market Map

　　Since the second half of 2024, the company's international business expansion has made positive progress. Following the visit and business discussions by India's Kaliya Company in May, Argentina's ACERBRAG GROUP also visited the company in June for business cooperation discussions. Both companies showed strong interest in Yiliansheng's high-speed steel roll products. The two sides conducted in-depth exchanges on product specifications, performance requirements, and cooperation models, and reached a preliminary cooperation intention. Currently, the company is discussing the details of the first order with India's Kaliya Company, and the estimated order amount is expected to reach [X] US dollars. Cooperation with Argentina's ACERBRAG GROUP is also progressing steadily, and a cooperation framework agreement is expected to be signed in the next few months. The success of these international cooperation consultations has not only brought new business growth points for the company but has also further enhanced the reputation and influence of Yiliansheng high-speed steel rolls in the international market, helping the company's market map to continuously expand globally.

　　III. Significant Achievements of the "Expert Workstation" and Deepening of Industry-Academia-Research Cooperation

　　The "Expert Workstation," established by the company in July 2023, has played an important role in promoting industry-academia-research cooperation. Cooperation with the School of Mechanical Engineering of Shenyang University continues to deepen, and the two sides have jointly carried out a number of technological research projects, achieving a series of fruitful results. For example, in the research project on improving the hardness uniformity of high-speed steel rolls, through the joint efforts of the expert team from Shenyang University and the company's R&D personnel, the surface hardness uniformity of the roll body was successfully controlled within 1.5HSD, and the hardness difference of the working layer was controlled within 0.8HSD, greatly improving the cutting performance and use stability of the rolls. At the same time, the "Expert Workstation" has also played a positive role in talent cultivation, having cultivated many professional technical talents for the company. These talents have played an important role in the company's daily production and technological innovation, providing a solid talent guarantee for the company's sustainable development.