Core Viewpoint - The company is experiencing a decline in revenue and net profit for 2024, but has seen a significant increase in new orders for the first three quarters of 2025, despite challenges in the downstream industry affecting contract approvals and payment processes [2] Financial Performance - In 2024, the company achieved operating revenue of 480.65 million, a decrease of 5.96% compared to the previous year [2] - The net profit attributable to shareholders for the same year was 120.29 million, reflecting a decline of 13.58% year-on-year [2] Order and Revenue Dynamics - New orders (including formal contracts and intended orders) for the first three quarters of 2025 have significantly increased year-on-year [2] - Delays in contract approval and signing processes due to short-term adjustments in the downstream industry have led to a reduction in recognized revenue for the current period [2] - The situation regarding contract approvals has shown some improvement in the third quarter, but it has not been fully resolved [2] Accounts Receivable and Credit Losses - The payment processes in the downstream sector have not improved significantly, resulting in a high balance of accounts receivable and extended aging [2] - Increased credit impairment losses have further impacted net profit [2]