Core Viewpoint - Zhejiang Liming achieved steady growth in 2024, with revenue of 645 million and a net profit of 53.36 million, reflecting a year-on-year increase of 5.26% and 16.36% respectively, driven by project conversion and strategic initiatives in product structure, cost control, and innovation [1][2][3] Group 1: Financial Performance - In 2024, Zhejiang Liming's revenue reached 645 million, marking a 5.26% increase year-on-year [1] - The net profit attributable to shareholders was 53.36 million, representing a 16.36% growth compared to the previous year [1] Group 2: Strategic Initiatives - The company is transitioning from a parts supplier to a component and solution provider, enhancing the value and customer loyalty of its products [2] - In 2024, Zhejiang Liming secured over 110 project designations from nearly 40 clients, focusing on core products and innovative developments [2] Group 3: Industry Trends and Future Outlook - The automotive industry is experiencing a shift towards higher technology integration and product value, prompting component suppliers to evolve into system-level providers [2] - Zhejiang Liming is actively expanding into the new energy sector, aligning with the rapid growth of China's electric vehicle market [2] - The company’s main products are compatible with new energy hybrid models, and it has established multiple new divisions focused on various new energy vehicles [2][3]