Financial Performance - In 2024, the company reported a revenue of CNY 1.76 billion, a year-on-year increase of 21.02%, and a net profit of CNY 205 million, up 21.33% [3][7] - For Q1 2025, the revenue was CNY 478 million, reflecting a growth of 29.92%, with a net profit of CNY 74.57 million, an increase of 44.97% [3][7] Investment and Shareholding - The company holds a 40% stake in "Yigong Robot Yinchuan Co., Ltd.", which focuses on the development, production, and sales of automated production lines centered around truss robots. The investment income from this stake in 2024 was CNY 2,699,055.29 [3][10] - There are currently no plans to increase the shareholding in Yigong Robot [3][10] Industry Outlook - The CNC machine tool industry is expected to have significant growth potential due to strong demand for machine upgrades, accelerated domestic substitution, and continuous improvement in CNC rates [4][6] - The company is focusing on key application areas such as new energy vehicles, aerospace, and 3C products, with a strong emphasis on R&D and market investment [11] Growth Drivers - The company is enhancing its competitiveness through new production bases in Dongguan and Nanjing, which alleviate capacity constraints and support expansion into new markets [6][11] - New product lines, including high-end lathes and five-axis machining centers, are expected to contribute to future growth [6][11] Profitability and Cost Management - The company maintains a stable gross margin around 30%, higher than the industry average, due to effective cost control, high self-manufacturing rates of core components, and a flexible sales model [12][13] - The sales strategy combines direct sales in concentrated regions and distribution through dealers in dispersed areas, optimizing market coverage and reducing costs [12][13] Shareholder Returns - The company plans to implement a cash dividend totaling CNY 10,868.40 million for 2024, representing 52.95% of the net profit attributable to shareholders [13]