Group 1: Financial Performance - In 2024, the company's nuclear power revenue reached 840 million, a significant increase of 35% year-on-year [2] - The gross profit margin for 2023 was 30.4%, while it fluctuated to 24.2% in 2024, indicating substantial variability [2] - The company currently holds nearly 3 billion in nuclear power orders, with a steady approval pace for new projects [2][3] Group 2: Production Capacity and Expansion - The company’s nuclear power production capacity can currently support the production of valves for 8 reactor units, with an expected increase to 10 units after the completion of the third phase of expansion by the end of 2025 [3] - The company has completed the first two phases of its nuclear power capacity expansion, enhancing various testing and processing equipment [3] Group 3: Market Strategy and Product Development - The company is actively developing new products in response to market changes, including large-diameter control valves and ultra-high-pressure valves [4] - The company has a strong focus on the oil and chemical sector, adapting to market pressures by optimizing production processes and seeking international partnerships [4][5] Group 4: Export and International Business - In 2024, the company achieved 147 million in direct export revenue, marking an 84% increase, primarily from API standard valves sold to regions including the Middle East, Europe, and Southeast Asia [6] - The company has a history of significant orders in the coal chemical sector, with ongoing participation in various projects [5][6] Group 5: Corporate Governance and Future Planning - The company emphasizes value management and has established a comprehensive system for market value management, focusing on enhancing intrinsic value [7] - Future strategic planning includes strengthening the valve business and exploring capital operations to achieve industry breakthroughs [7]