Group 1: R&D Investment and Focus - In 2024, the company plans to invest CNY 58.32 million in R&D, accounting for 7.02% of its revenue [3] - The focus will be on enhancing the core business of testing and certification, with an emphasis on strategic emerging industries [3] - The company aims to improve the conversion rate of scientific research results and optimize the R&D environment [3] Group 2: Industry Trends and Market Position - The certification and testing industry in China is moving towards high-quality development, with 1,230 certification agencies and 4.1583 million valid certificates issued by the end of 2024 [3] - The industry revenue reached CNY 467 billion in 2024, showing a year-on-year growth of 9% [3] - The company will continue to build a new business strategy layout of "3+1+3" focusing on traditional testing, certification, and automotive design [3][4] Group 3: Business Growth Drivers - The company has achieved breakthroughs in diversified testing and technological innovation, particularly in the automotive sector [4] - There has been a successful expansion into commercial vehicle clients and electric bicycle sectors, contributing to revenue growth [4] - The company is actively adjusting its automotive design services to maintain stable revenue and profit margins [4]

Group 1: Container Business Performance - In Q1 2025, the company's container business saw a revenue and net profit increase compared to the same period last year, driven by a rise in orders and a low base from 2024 [3] - Dry container sales increased by 7.44% to 531,200 TEU, while refrigerated container sales surged by 291% to 36,400 TEU [3] - The company expects a more pronounced impact in the second half of the year due to high overall bases and potential macroeconomic effects from tariffs [3] Group 2: Impact of Trade War - The direct impact of the trade war on the company is minimal, as the revenue from domestic exports to the U.S. is a small percentage [4] - Indirectly, the uncertainty from tariffs poses concerns for global economic growth, which could affect the container shipping market [4] - The company remains confident in its ability to adapt and enhance its competitiveness for high-quality development [4] Group 3: Offshore Engineering Orders - In Q1 2025, new orders in the offshore engineering segment were primarily focused on oil and gas [5] - The company anticipates a steady increase in FPSO and FLNG projects, with Petrobras planning to add 10 FPSO systems from 2025 to 2029 [6] - Forecasts suggest an average of 13 FPSO contracts awarded per year from 2025 to 2027, with over 10 FLNG orders expected in the same period [6] Group 4: Offshore Engineering Financials - The offshore engineering segment achieved a revenue increase of 58% to 16.6 billion CNY in 2024, with a net profit of 224 million CNY [7] - New orders in 2024 totaled 3.25 billion USD, with a backlog of 6.3 billion USD as of Q1 2025, primarily from oil and gas [7] - The company plans to enhance capacity and efficiency through fixed asset investments and improved project management [7] Group 5: Strategic Focus - The company will concentrate on its existing business structure, including containers, road transport vehicles, energy, and offshore engineering, while developing emerging strategic businesses [8] - The strategy emphasizes high-quality development and the optimization of asset structure, focusing on core business areas [8] - Emerging sectors such as energy storage, modular construction, cold chain logistics, and clean energy are being prioritized for future growth [8]