Group 1: New Energy Products - The company achieved sales revenue of 357.88 million yuan in new energy products in 2024, representing a year-on-year growth of 383.82% [1] - Established stable customer relationships with well-known new energy vehicle companies such as BYD, Chery New Energy, and Xiaopeng Motors [1] - Plans to increase R&D investment in high-voltage wires and conductive busbars to develop more competitive products [1] Group 2: Investment in Robotics - The company is optimistic about the collaborative robot industry and has invested in Faowei Robotics [1] - Faowei Robotics focuses on developing a full product line of collaborative robots for various applications, including 3D welding and mobile palletizing [1] Group 3: Smart Laser Weeding Machine - By the end of 2024, the R&D team has made significant progress in key technologies for the smart laser weeding machine, achieving a second-generation prototype [2] - The project has obtained two invention patents, laying a solid foundation for industrialization [2] - Future plans include developing small and medium-sized smart laser weeding machines for various agricultural scenarios [2] Group 4: Establishment of Subsidiaries - The company prioritizes customer needs and establishes subsidiaries nearby to enhance service and supply capabilities [2] - The characteristics of plastic interior parts, such as large volume and light weight, justify the establishment of nearby subsidiaries to reduce transportation costs [2] - Long-term regional industrial layout is expected to positively impact overall business development [2]

Product Overview - The company's main products include interior and exterior plastic parts, metal parts, automotive electronic components, and specialized components for new energy vehicles, applicable to both fuel and new energy vehicles [1] - Key products in plastic parts encompass dashboards, sub-dashboards, pillar covers, seat components, and engine compartment parts, while metal parts focus on small stamping components [1] Investment Projects - In 2024, with local government support, the company acquired new land and approved changes to the use of previously raised funds, totaling CNY 452.3995 million, to invest in a project for an annual production capacity of 9 million automotive parts [2] - Construction progress includes two factory buildings nearing completion and a research building currently in foundation work, with overall progress deemed normal [2] R&D and Innovation - By the end of 2024, the company has developed key technologies for its smart laser weeding machine, achieving significant improvements in dynamic positioning accuracy and weed removal rates, and has obtained two invention patents [3] - Future plans include developing small and medium-sized smart laser weeding machines to support various agricultural scenarios [3] New Energy Market Strategy - The company is leveraging its established customer base in traditional automotive parts to expand into the new energy vehicle market, having formed partnerships with companies like BYD and Xpeng Motors [4] - The development of interior components and specialized parts for new energy vehicles is expected to drive future revenue growth [4] Collaborative Robotics Investment - The company has invested in Faowei Robotics, which focuses on collaborative robots and their applications across various industries, including 3D welding and mobile welding stations [5] - The collaborative robotics sector is viewed as having significant growth potential, aligning with the company's strategic vision [5]