Group 1: Financial Performance - In 2024, the company's overseas business revenue reached ¥2,831,336,507.36, an increase of 26.31% year-on-year, accounting for 23.88% of total revenue with a gross margin of 39.32% [2] - The company's cash flow situation has improved in Q1 2025, with ongoing efforts to reduce accounts receivable risks and optimize management processes [3] - The actual daily related transactions in 2024 were within the expected range, indicating normal business operations without significant impact on overall performance [4] Group 2: Business Development and Strategy - The company has launched a fully solid-state battery production line solution, achieving significant market recognition and repeat orders from leading clients in Europe, America, Japan, and South Korea [3] - The successful operation of the automated electrolyzer factory for hydrogen energy marks a significant milestone in the company's internationalization efforts [4] - The company plans to enhance its competitiveness through a platform strategy while exploring external growth opportunities in semiconductor equipment and other fields [5] Group 3: Technological Innovation - The implementation of an IoT cloud platform has significantly shortened product development cycles and improved the consistency of new energy equipment performance [5] - The company is actively conducting foreign exchange hedging to mitigate risks associated with currency fluctuations, enhancing financial stability [5] Group 4: Future Outlook - The company aims to achieve "excellent operation," "steady growth," and "agile innovation" as part of its long-term development strategy, focusing on lithium batteries, photovoltaics, and hydrogen energy [6]