Group 1: Company Overview and Financial Performance - The company has seen significant growth in the nuclear power sector, with revenue from this area accounting for 46.66% of total revenue in 2024, a year-on-year increase of 67.24% [1] - The gross margin for the nuclear power sector in 2024 is reported at 34.95%, while the gross margins for the industrial and civil construction, and subway tunnel sectors range between 20% and 30% [1] Group 2: Order Status and Market Outlook - The company currently has a substantial number of orders on hand and sufficient production capacity, actively participating in bidding for nuclear power projects [2] - It is anticipated that 6-8 nuclear power units will be approved for development in China each year, indicating a positive growth period for the nuclear sector [2] - The company has undertaken over 30 subway ventilation projects across major cities, highlighting a broad market outlook for subway infrastructure [2] Group 3: International Expansion and Strategic Plans - The company is exploring overseas business opportunities through a dual strategy of "partnering for overseas expansion" and "independent overseas expansion" [2] - Future updates on international ventures will be disclosed in compliance with regulatory requirements [2] Group 4: Shareholder Engagement and Profit Distribution - As of December 31, 2024, the company has negative distributable profits, which does not meet the conditions for profit distribution [3] - The company is considering the use of capital reserves to offset losses, in line with the latest Company Law regulations [3] Group 5: Subsidiary Developments - The subsidiary, Southern Additive, has been supported through a recent acquisition and capital increase to enhance its 3D printing services [4] - Southern Additive is currently executing a limited number of orders and is engaged in multiple rounds of sample testing for clients [4] Group 6: 3D Printing Service Characteristics - The 3D printing services offered by Southern Additive feature high design flexibility, rapid customization, high precision, and environmental friendliness, positioning the company well in a growing market [4] - The company is equipped to print with various materials, including titanium alloys, pure copper, stainless steel, and high-temperature alloys, aiming to capitalize on the expanding 3D printing market [4]