Company Overview - The company specializes in the research, production, and sales of electric wires, cables, and cable accessories, primarily serving major clients such as the State Grid Corporation and Southern Power Grid [5][12] - The company achieved operating revenue of 3,089,873,737.70 yuan, representing a year-on-year increase of 10.38%, while the net profit attributable to shareholders decreased by 42.55% to 38,121,440.92 yuan [5] Financial Performance - As of December 31, 2024, the company's total assets amounted to 428,040.81 million yuan, with equity attributable to shareholders of 166,233.53 million yuan [5] - The company received a standard unqualified audit opinion from the accounting firm Xin Yong Zhong He [3] Business Segments - The main products include 220kV and below power cables, electrical installation wires and cables, overhead bare conductors, and cable accessories, which are designed to meet various special performance requirements [7][10] - Power cables are used for transmitting and distributing high-power electrical energy, while electrical installation wires and cables connect power to various devices [8][9] Industry Position - The company has been recognized as one of the top 100 competitive enterprises in the Chinese cable industry for several consecutive years [12] - The wire and cable products are essential for the electrification and informationization of society, widely used in power generation, transmission, and various applications across different sectors [11]