Core Insights - Multinational operations are essential for large enterprises to engage in international competition and become world-class companies, especially under the challenges posed by the complex external environment and economic globalization since the "14th Five-Year Plan" [1] Group 1: Scale and Growth - The threshold for entering the top 100 Chinese multinational companies has increased from 10.939 billion to 22.173 billion, more than doubling since the "14th Five-Year Plan" [1] - Overseas operating revenue has grown from 6.15 trillion to 9.07 trillion, indicating a significant enhancement in market expansion capabilities [1] Group 2: Structural Optimization - The rise of new enterprises, represented by the "new three types," has expanded the breadth and depth of multinational development, with 15 companies in advanced manufacturing sectors like automotive and renewable energy joining the top 100 by 2025, an increase of 3 from the end of the "13th Five-Year Plan" [2] - The number of companies in modern service industries, such as internet services and logistics, has increased to 6, up by 5 from the end of the "13th Five-Year Plan" [2] Group 3: Business Models - Large enterprises are leveraging their hub and platform advantages to drive cluster development across the entire industry and supply chain, establishing both physical "Chinese industrial parks" and digital "industrial parks" [2] - The integration of "artificial intelligence+" is enhancing the supply chain service system, supporting the robust growth of cross-border e-commerce and facilitating the upgrade from "Made in China" to "Chinese brands" [2] Group 4: Technological and Standardization Advancements - The number of invention patents held by the top 100 Chinese multinational companies has increased from 473,000 to 763,000, a growth of approximately 61%, while participation in standard-setting has risen from 53,000 to 62,000, a growth of about 17% [3] - Leading companies in information technology services are transitioning from participants to enablers and shapers in international digital ecological governance by exporting mature business models and technical standards [3] Group 5: Contributions and Responsibilities - Large enterprises are committed to the principle of "consultation, construction, and sharing," actively taking on social responsibilities and pursuing global win-win outcomes, thereby creating jobs and improving livelihoods in host countries [3] - The process of international cooperation is being strengthened through "hard connectivity," "soft connectivity," and "heart connectivity," contributing to the construction of a community with a shared future for mankind [3] Group 6: Future Directions - Large enterprises face multiple tasks, including expanding the breadth of "going out," deepening "going in," and enhancing "going up" in international competition [4] - Key strategies include strengthening core technology development, resource integration, participation in global rule-making, and deepening localization efforts to respect local cultures and laws [4]

Core Viewpoint - Shanghai Shenda Co., Ltd. has successfully improved its financial performance in 2024, achieving revenue growth and turning a profit despite facing external challenges such as complex trade relations and rising costs [1][2][3]. Financial Performance - The company reported a total operating revenue of 11.824 billion yuan in 2024, an increase of 1.34% compared to 2023 [1]. - The total profit reached 107 million yuan, a significant increase of 469 million yuan from the previous year [1]. - The company benefited from foreign exchange gains amounting to 115 million yuan, contrasting with losses in the previous year [1]. Business Segments - The automotive interior business generated a profit of 47.5709 million yuan, marking a growth of 49.3 million yuan compared to 2023, primarily due to improved production efficiency and stable costs [1]. - The new materials segment, particularly Shenda Kebo, faced challenges due to the Russia-Ukraine conflict and domestic overcapacity, resulting in a revenue decline of 3.68% to 165 million yuan and a profit drop of 21.58% to 4.3254 million yuan [2]. - The import-export trade segment achieved a revenue of 3.329 billion yuan, a decrease of 2.55% from 2023, but contributed positively to the automotive interior segment [3]. Governance and Compliance - The board of directors conducted regular meetings and adhered to legal and regulatory requirements, ensuring a transparent decision-making process [4][5]. - The independent directors actively participated in the governance process, reviewing significant transactions and ensuring the protection of minority shareholders' rights [4][5][6]. Future Strategy - The company plans to continue its global expansion strategy, enhancing operational efficiency and cost optimization while focusing on technological innovation [6][7]. - The projected operating revenue for 2025 is set at 10 billion yuan, with operating costs estimated at 9.95 billion yuan [7].