Core Insights - The company reported a revenue of 2.02 billion yuan for 2024, marking a year-on-year growth of 33.04%, and a net profit attributable to shareholders of 126 million yuan, up 24.47% year-on-year [1] Group 1: Business Performance - The company has established three main business segments: rail transit, industrial and vehicle energy information, and special equipment [2] - The vehicle and energy information segment achieved a revenue of 1.17 billion yuan in 2024, representing a year-on-year increase of 52.24%, and accounted for 57.90% of total revenue, becoming the new growth core [2] - The company's revenue from the new energy business reached 1.12 billion yuan [2] Group 2: Global Expansion Strategy - The company is actively pursuing a globalization strategy to expand its new energy business internationally, having established a subsidiary in Singapore and a production base in Thailand [2] - The establishment of a new international trade company aims to create a localized operational network for core products like liquid-cooled charging guns and high-voltage connectors [2] Group 3: Innovation and R&D - The company increased its R&D investment to 165 million yuan, which is 8.18% of its revenue, focusing on key areas such as new energy vehicles and charging infrastructure [3] - The company obtained 101 patent authorizations during the reporting period, bringing the total to 726, including 128 invention patents [3] Group 4: Capital and Future Outlook - The company initiated a convertible bond issuance in 2024, raising a total of 980 million yuan to support technological upgrades and global capacity expansion [4] - The capital raised is expected to enhance the company's capabilities in high-voltage fast charging, smart manufacturing, and international supply [4] - The company aims to focus on the new energy sector, deepen overseas market expansion, and strengthen its talent system while ensuring high-quality and sustainable development [4]