Group 1: Business Performance - In 2024, the revenue from the photovoltaic silver paste business continued to grow steadily, with an increase in the shipment volume and market share of N-type paste products [2][3] - Suzhou Jingyin successfully transformed its paste products, with a significant increase in the shipment proportion of Topcon paste, particularly the laser-assisted sintering process (LECO) silver paste, which has gained recognition from several leading customers [2][3] - The low-temperature paste for heterojunction cells has maintained an industry-leading level, achieving mass production of low-cost silver-coated copper paste with approximately 30% silver content [3] Group 2: Cost and Pricing - The processing fees for photovoltaic silver paste products are currently stable, with limited room for future decreases; HJT paste prices remain relatively high due to the smaller market scale [3] Group 3: Sensor Business - Suzhou Guder's subsidiary, Suzhou Mingha Sensor Technology Co., Ltd., focuses on sensor design, with the sensor packaging business accounting for a small proportion of Suzhou Guder's overall semiconductor business [3] Group 4: International Expansion - In 2023, Suzhou Jingyin established a subsidiary in Malaysia, which has successfully commenced production and is supplying to multiple overseas customers, potentially becoming a new production base for the company's new materials segment abroad [3] Group 5: Compliance and Regulations - During the investor relations activity, the company adhered strictly to relevant regulations, ensuring no disclosure of undisclosed significant information and did not provide any written materials to investors [3]