Core Viewpoint - The company reported a significant decline in revenue and net profit for the fiscal year 2024, primarily due to strategic adjustments and adverse macroeconomic conditions affecting its automotive equipment and new energy businesses [2][3]. Financial Performance - The company achieved operating revenue of 47,396.77 million, a decrease of 64.61% compared to the previous year [2]. - The net profit attributable to shareholders was -1,102.99 million, reflecting a substantial decline from -84.54 million in the previous year, marking a decrease of 1,204.76% [1]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -1,098.49 million, down 775.94% from 25.80 million in the previous year [1]. Strategic Adjustments - The company undertook strategic contractions in its new energy business, particularly in battery equipment and charging equipment, which negatively impacted overall revenue [2]. - To mitigate the impact of the challenging macroeconomic environment, the company optimized its strategies by reducing costs and improving efficiency, including restructuring personnel and lowering expenses [3]. - The company focused on project delivery and accounts receivable recovery in its new energy sector, prioritizing high-quality delivery of existing orders while targeting high-end overseas clients to enhance order quality and profitability [3]. Asset Management - The company conducted thorough assessments of its assets, including inventory and fixed assets, leading to the recognition of impairment losses that significantly affected profit indicators [1]. - Total assets decreased to 2,980.94 million, down 26.86% from the previous year [1]. - The net assets attributable to shareholders fell to 650.85 million, a decline of 63.10% compared to the previous year [1].