Financial Performance - In Q1 2025, the company achieved revenue of 1.599 billion CNY, a year-on-year decrease of 11.65% [1] - Net profit attributable to shareholders was 148 million CNY, a year-on-year increase of 2.74% [1] - Net profit attributable to shareholders after deducting non-recurring gains and losses was 137 million CNY, a year-on-year increase of 45.09% [1] Industry Outlook - The automotive parts industry is a crucial component of the automotive industry, with competition largely based on technology, quality, and cost [1] - The industry's position is becoming increasingly significant amid the globalization and transformation of the automotive sector [1] Strategic Plans - The company is open to acquisition plans if they can promote high-quality development and create new profit growth points [1][2] - There are no current plans to divest from the Wuxi Mingci Hospital, which is enhancing its capabilities and brand influence through partnerships [2] Product Strategy - To ensure profitability while receiving orders from new energy vehicle manufacturers, the company focuses on: - Strengthening cooperation with both traditional and new energy vehicle manufacturers [2] - Increasing investment in technological innovation to enhance product quality and differentiation [2] - Reducing procurement costs through stable supplier relationships and strategic purchasing [2]