Core Viewpoint - The company is facing significant challenges in its real estate and air conditioning segments, with a notable decline in sales and profits due to market conditions and competition [6][18][19]. Meeting Details - The annual shareholders' meeting is scheduled for May 22, 2025, at the Taizhou Hotel, Jiangsu Province, with both on-site and online voting options available [2][3]. Financial Performance - The company reported a net profit of 133.34 million yuan, a decrease of 9.97% compared to the previous year, primarily due to a significant drop in real estate sales [6][7]. - Total operating revenue decreased by 46.83% to approximately 91.98 million yuan, with operating costs also declining by 37.16% [8][10]. - The air conditioning segment generated revenue of 32.69 million yuan, down 13.91% year-on-year, while real estate sales plummeted by 75.38% to 22.09 million yuan [7][10]. Business Segment Analysis - The air conditioning segment's profitability is under pressure due to reduced sales prices and competition, while the real estate segment is struggling with low demand and cautious buyer sentiment [18][19]. - The company is focusing on enhancing its product competitiveness and market expansion strategies to improve sales performance [19]. Future Outlook - The air conditioning industry is expected to face intensified competition, with larger brands dominating the market, while smaller brands must innovate to survive [18]. - The real estate market is anticipated to remain sluggish, with ongoing promotional activities from various developers to attract buyers [19]. Strategic Initiatives - The company plans to improve its product offerings and marketing strategies to boost sales, particularly in the air conditioning sector [19]. - There is an emphasis on enhancing customer service and maintaining long-term relationships in the real estate business [19].