Strategic Goals and Implementation - The company aims to accelerate the development of growth industries and strategic emerging businesses while stabilizing its traditional main business during the "14th Five-Year Plan" period [1][2] - The strategic goals include forming a batch of key core technologies and competitive new industries, driving high-quality development towards internationalization, intelligence, greening, and high-end manufacturing [2] Financial Health and Risk Management - The company's asset-liability ratio is expected to improve in 2024 compared to 2023, with healthy cash flow supporting daily operations [2][8] - Strategies for financial management include reducing two types of capital to increase operational cash flow and maintaining good relationships with banks to expand financing channels [2][8] Market Expansion and Performance - In 2024, overseas revenue is projected to account for 61.98% of total revenue, indicating a strong international market presence [7] - The company is actively expanding into emerging markets such as South America and Africa to mitigate risks from external trade tensions [3][14] Innovation and R&D Achievements - In 2024, the company filed 233 patent applications, with 89 being inventions, showcasing a strong commitment to innovation [10] - Significant R&D outcomes include the development of new products and technologies, such as a hybrid rotary drilling rig that saves over 15% in fuel [9][10] Cost Control and Efficiency Improvement - The company implements a "Five Reductions" strategy (reducing risks, receivables, inventory, investment, and costs) to enhance operational efficiency [7][10] - Future plans include further improvements in cost control and operational efficiency to boost profitability [10] Corporate Governance and Market Management - The company is considering measures for market value management, although specific actions have not yet been disclosed [4][12] - The management emphasizes the importance of intellectual property protection and will take legal measures against any infringement [12]