Financial Performance - In 2024, the company's revenue reached 177.61 billion CNY, with a net profit of 3.41 billion CNY [2] - The revenue composition by product for 2024: - Power products: 117.47 billion CNY (66.14%) - Communication products: 4.99 billion CNY (2.81%) - Polymer materials: 51.85 billion CNY (29.20%) - Trade, services, and others: 1.85 billion CNY (1.85%) [2] Profit Margins - Gross profit margins for 2024: - Power products: 9.92% - Communication products: 12.31% - Polymer materials: 13.24% [3] Business Segments - The company is a leading manufacturer of intelligent equipment cables, with a strong focus on R&D and production capabilities in the robotics cable sector [4] - The company has established a competitive edge in robotics cables through: - Advanced product design and manufacturing capabilities - The first TUV-certified robotics cable laboratory in China - Strong quality control and manufacturing processes [5] Market Position - The domestic market share of the company's high polymer ultra-high voltage insulation materials increased from approximately 15% in 2021 to about 20% [8] - The annual production capacity for high polymer ultra-high voltage insulation materials is projected to reach 60,000 tons after the completion of the third phase project [8] Recent Developments - In Q1 2025, the company reported a revenue of 39.7 billion CNY, a year-on-year increase of 4.43%, and a net profit of 0.82 billion CNY, up 23.05% year-on-year [9] - The third phase project for high polymer ultra-high voltage insulation materials is expected to commence production this year [9] Risk Advisory - The company advises investors to be cautious regarding investment risks, particularly as the revenue from industrial robots, humanoid robots, and robotic dog cables currently represents a small proportion of overall revenue [6][7]

Group 1: Company Performance and Strategy - The company achieved a 33% increase in revenue from its own brand in the domestic market in 2024 [2] - The brand "Jueyan" maintained a leading position in the pet snack market [2] - The company’s gross profit margin reached 31.72%, an increase of 8.04% compared to the previous year [5] Group 2: Production and Sustainability Initiatives - The company’s production capacity in Vietnam remains high, with the Cambodian factory now profitable [3] - The Wenzhou production base achieved carbon neutrality, becoming the first zero-carbon digital smart factory in China's pet industry [3] - The company launched a public welfare program that has successfully helped over 20,000 students improve their mental health [3] Group 3: Marketing and Brand Development - The company focuses on brand building and channel expansion, with significant advertising investments [4] - The "Jueyan" brand saw a 52% increase in business revenue in 2024, with plans to enhance market share in 2025 [8] - The company plans to introduce new high-quality and differentiated staple food products in 2025 [6] Group 4: Challenges and Responses - The company is actively managing raw material costs and supply stability through local operations and inventory management [5] - The impact of U.S. tariffs on overseas business is mitigated by diversifying revenue sources and increasing domestic market share [7]