Core Viewpoint - The company held its annual performance briefing for 2024, achieving a 100% response rate to investor questions, indicating strong engagement with stakeholders [1]. Group 1: Financial Performance - The company reported a decline in non-recurring net profit for Q1 2025 compared to the same period last year, attributed to increased fair value changes in investment funds [4]. - The company achieved a net profit of 279.16 thousand yuan in Q1 2025, representing a year-on-year increase of 51.72% [11]. - The company plans to disclose its full-year net profit and non-recurring net profit figures in its regular reports [10][12]. Group 2: Operational Challenges - The German subsidiary incurred significant losses, and the company is implementing a global profitability plan for its subsidiaries [6]. - The company is facing pressure on gross margins in its factories in India and Mexico, but is working on localizing supply chains to improve efficiency [9]. Group 3: Strategic Initiatives - The company has no current plans for a private placement but is preparing for potential future financing needs through shareholder authorization [10]. - The company is focusing on foreign exchange hedging and derivative business to mitigate currency risk, with a professional team in place for careful evaluation [8]. Group 4: Shareholder Engagement - The company announced a profit distribution plan for 2024, proposing a cash dividend of 0.38 yuan per 10 shares, with a payout ratio of 125% based on net profit [13]. - The company is committed to enhancing its market value management and ensuring the interests of minority investors through share buyback plans [13].