Core Viewpoint - Tengya Precision Engineering is a leading company in the domestic nail fastening equipment segment and a competitive mid-to-high-end building hardware products supplier with international competitiveness [1] Financial Performance - In 2024, the company achieved revenue of 607 million yuan, representing a year-on-year growth of 31.14% [1] - The net profit attributable to the parent company reached 10.39 million yuan, an increase of 118.09% year-on-year [1] - The gross margin for power tools was 19.38%, while the gross margin for building hardware products was 35.14%, both of which are at a high level within the industry [1] Research and Development - The company continues to leverage its technological advantages to develop new electric tools and garden tools [1] - Ongoing transformation of R&D achievements is expected to drive continuous growth in the company's performance [1] Strategic Partnerships - In the context of a global surge in smart robotics, the company has established a joint venture, Tengya Kezhong, with affiliated parties, acquiring a 40% stake in the joint venture post-transaction [1] - This collaboration aims to integrate resources such as capital, technology, and market channels from various investors to cultivate new profit points [1] Business Expansion - The company is also expanding into new businesses, such as smart joints, to create new growth trajectories [1]