Core Insights - The company has focused on the sensor and related instrument manufacturing sector since its establishment in 1995, achieving a stable performance with a leading position in the market [1] - The Internet of Things (IoT) segment is rapidly expanding, with projected revenue of 533 million yuan in 2024, representing a year-on-year growth of 69.34% [1] - The sensor industry is experiencing continuous growth, with the Chinese sensor market expected to reach 406.12 billion yuan in 2024, reflecting an 11.4% year-on-year increase [1] Company Strategy - The company aims to create a "sensor forest" through external investments, focusing on four key investment areas: industrial measurement and control, smart logistics, energy and environmental measurement, and robotic sensors [2] - As of the end of 2024, the company has completed nine strategic investments and has over 23 subsidiaries related to sensors and IoT [2] - Three industrial parks are being developed in Ningbo, Zhengzhou, and Shenzhen, covering approximately 300,000 square meters, to foster industry clustering and collaboration [2] Product Development - The company is expanding its product offerings in humanoid robot sensors, having delivered samples to over 50 domestic clients, with some entering the bulk order phase [3] - Investments have been made in tactile and inertial sensors, with collaborations established with various enterprises and academic institutions [3] Financial Projections - Revenue forecasts for 2025-2027 are 1.54 billion yuan, 1.84 billion yuan, and 2.17 billion yuan, with year-on-year growth rates of 18.90%, 19.28%, and 18.16% respectively [4] - Net profit attributable to the parent company is projected to be 340 million yuan, 402 million yuan, and 485 million yuan for the same period, with growth rates of 30.59%, 18.11%, and 20.79% respectively [4] - The company is rated as "buy" based on its strategic layout and expected performance growth [4]

Core Viewpoint - The company is preparing for its 2024 Annual General Meeting, outlining the procedures and key agenda items, including financial performance and strategic investments in sensor technology and industrial applications. Group 1: Meeting Procedures - Shareholders must fulfill their legal obligations and cannot infringe on the rights of other shareholders [1] - Attendance requires proper registration and identification, including ID and stock account details [2] - Voting will be conducted through both on-site and online methods, with specific time frames for each [5][6] Group 2: Financial Performance - In 2024, the company achieved a revenue of 1,295.13 million yuan, a 20.79% increase from the previous year [7][32] - The net profit attributable to shareholders decreased by 16.62% to 260.51 million yuan, while the net profit excluding non-recurring items increased by 10.67% to 192.61 million yuan [7][32] - Total assets reached 4,477.76 million yuan, reflecting a 16.67% increase year-on-year [32][33] Group 3: Strategic Investments - The company is focusing on four major investment sectors: smart industrial measurement, logistics monitoring, energy environment measurement, and robotics sensors [7] - A total of nine strategic investment projects were completed in 2024, with plans for further investments in 2025 [7] - The company aims to enhance its sensor technology capabilities, particularly in six-dimensional force sensors and tactile sensors, through partnerships and acquisitions [12][13] Group 4: Corporate Governance - The board of directors has been actively involved in overseeing the company's operations and ensuring compliance with legal and regulatory requirements [15][28] - The supervisory board has confirmed that the company operates within legal frameworks and maintains a robust internal control system [28][29] - The company has disclosed 44 interim announcements and 4 periodic reports, ensuring transparency and communication with shareholders [17]