Core Viewpoint - The Ministry of Commerce is actively promoting reforms in the automotive circulation and consumption sectors to stimulate the automotive aftermarket and enhance consumer spending [1] Group 1: Government Initiatives - The Ministry of Commerce, under the guidance of the central government, is implementing a pilot program for automotive circulation consumption reform, encouraging cities to innovate and adapt reforms based on local conditions [1] - The Ministry plans to collaborate with various departments to eliminate restrictive measures in the automotive aftermarket, aiming to unlock its consumption potential [1] Group 2: Industry Participation - Representatives from 17 organizations, including local governments, enterprises, industry associations, and research institutions, participated in discussions on topics such as automotive modification, RV camping, automotive events, classic cars, and automotive museums [1] - Industry representatives expressed their commitment to actively engage in initiatives that promote high-quality development in the automotive aftermarket [1]

Core Points - The article discusses the launch of a car maintenance subsidy program in Bao'an District, Shenzhen, with a total budget of 50 million yuan, starting from August 11 [2] - The initiative is part of a broader effort to stimulate domestic consumption and enhance consumer demand across the country [2] - The program will distribute electronic consumption vouchers through JD.com, with the activity running until September 30 [2] - The vouchers will provide discounts of up to 10% on five key categories related to car maintenance, with a maximum discount of 2,000 yuan per voucher [2] Summary by Category Subsidy Program - Bao'an District is set to distribute 50 million yuan in car maintenance subsidies starting August 11, 2023 [2] - The program aims to boost consumer spending in the automotive sector as part of national economic initiatives [2] Voucher Distribution - Electronic consumption vouchers will be available on JD.com, starting from 10:00 AM on August 11, 2023, and will continue until September 30, 2023 [2] - Vouchers can be claimed by searching for "Bao'an car maintenance vouchers" on the JD platform [2] Eligible Products - The vouchers cover five main categories: tires, car maintenance, automotive products, modifications, and automotive and motorcycle parts, all offering a 10% discount [2] - Consumers can use the vouchers on a wide range of automotive products available on JD.com, including tires, engine oil, batteries, and more [3]

Group 1: Financial Performance - In 2024, the company achieved a revenue of 253.25 million yuan, a year-on-year increase of 12.08% [4] - The net profit attributable to shareholders was 62.20 million yuan, reflecting a growth of 7.39% [4] - The net profit after deducting non-recurring gains and losses was 58.89 million yuan, with a year-on-year increase of 15.40% [4] Group 2: Dividend Distribution - The proposed dividend distribution for 2024 is 5 yuan (including tax) per 10 shares, totaling an estimated cash dividend of 52.31 million yuan [5] Group 3: Industry Policies and Trends - The government has introduced favorable policies for the automotive industry, including initiatives to extend the automotive consumption chain and promote automotive modification and rental services [6] - The automotive modification market was valued at approximately 85.2 billion yuan in 2021 and is projected to exceed 400 billion yuan by 2027, with a compound annual growth rate of about 30% [7] Group 4: Collaboration with Manufacturers - The company is currently collaborating with approximately 6 automotive manufacturers, although specific details are confidential [8]