Group 1: Company Performance and Strategy - The company reported a revenue of approximately RMB 1.63 billion for Q1 2025, representing a year-on-year growth of 10.45% [11] - The net profit attributable to shareholders was about RMB 40.13 million, an increase of 14.45% compared to the previous year [11] - The company aims to strengthen R&D innovation, expand production capacity, and enhance marketing and after-sales service capabilities to maintain its leading position in the domestic market [3][11] Group 2: Production and Capacity Expansion - The company acquired a 42,545 square meter land parcel for RMB 63.18 million in December 2022, intended for manufacturing multi-station precision thermal forging equipment and integrated large intelligent die-casting equipment [4][15] - The construction of the new production base is expected to be completed by 2025, with a focus on producing customized heavy equipment to accelerate order delivery [4][15] - Currently, the company has three production bases, with one already operational since June 2022 [4][5] Group 3: Market and Industry Position - The company holds approximately RMB 293 million in effective orders as of December 31, 2024, indicating a robust order backlog [6] - The company is the first publicly listed firm in the cold forming equipment manufacturing sector in A-shares, facing competition primarily from non-listed companies [10][11] - The cold forming equipment industry is characterized by a three-tier competitive landscape, with international firms dominating the high-end market [11] Group 4: Future Growth and Development - Future product development will focus on intelligent, high-station, large-diameter, and environmentally friendly cold forming equipment [12][13] - The company is working on breaking the reliance on imported precision thermal forging equipment, aiming to meet domestic market needs for complex parts [13] - The revenue from industrial robot applications is currently small, accounting for approximately RMB 4.14 million, or 0.66% of total revenue for 2025 [8]