Lingyi iTech: The controlling subsidiary has become a core supplier for leading customers in the North American computing power industry and continues to deliver in bulk.

On April 7th, Lingyi Intelligent Manufacturing (002600.SZ) announced in the investor relations activity record that the company’s controlling subsidiary Readore (Limin Da) has become a core supplier (RVL/AVL) for leading customers in the North American computing power industry and continues to deliver in bulk. Due to confidentiality agreements signed with all customers, specific cooperation details are restricted by commercial confidentiality agreements and cannot be disclosed; please refer to the company’s periodic reports for related information.

The company officially submitted an application to the Hong Kong Stock Exchange (HKEX) on November 20, 2025, for the issuance of H shares and listing on its Main Board. Currently, relevant work is progressing in an orderly manner.

In 2025, the company’s revenue from heat management (cooling) in the AI terminal field reached 5.13B yuan, a year-on-year increase of 24.78%. The company provides integrated heat management solutions for AI terminals to top global technology clients, ranging from various materials of heat spreaders (VC) to comprehensive heat management solutions. The core product matrix covers stainless steel, composite materials, aerospace-grade titanium, and 3D dual heat sources, among other materials and forms, aiming to significantly enhance the thermal performance limits of end devices. The company’s ultra-thin heat spreaders and integrated cooling solutions have been successfully installed in multiple mid-to-high-end smartphones and achieved mass production and shipment. Among them, stainless steel VC solutions ensure high structural strength and excellent heat dissipation efficiency while significantly reducing weight, making them widely suitable for high-end flagship models. Pure titanium VC solutions are specially designed for foldable phones and ultra-high-end models, leveraging titanium’s properties to achieve extreme lightweight and thin profiles. The company’s steel-copper composite heat spreaders integrate the mid-plate and heat spreader into a single component, with an integrated solution that significantly improves overall system cooling performance and structural strength.

In robotics, the company has established cooperation and supply relationships with several leading North American clients and domestic leading intelligent humanoid enterprises, jointly promoting technological innovation and application implementation in the robotics industry. In liquid cooling, the company’s controlling subsidiary Readore (Limin Da) has become a core supplier (RVL/AVL) for leading customers in the North American computing power industry and continues to deliver in bulk.