Company Overview - The company will hold its 2024 Annual General Meeting on June 30, 2025, with both on-site and online voting options available for shareholders [1][2] - The agenda includes the review of the Board of Directors' report, Supervisory Board report, financial statements, and various proposals including the election of directors and the appointment of auditors [1][3] Financial Performance - In 2024, the company reported a revenue of approximately 4.52 billion RMB, a decrease of 42.59% compared to 2023 [19][21] - The net profit attributable to shareholders was approximately 50.54 million RMB, down 63.90% year-on-year [19][21] - The company’s cash flow from operating activities was approximately 227.93 million RMB, a decrease of 22.86% from the previous year [19] Business Development - The automotive segment focused on a multi-channel service model, including new car sales, used car transactions, and after-sales services, aiming to enhance customer experience and marketing efficiency [3][11] - The company is enhancing its digital capabilities and expanding its service offerings in the non-ferrous metals market, including the launch of the "Smart Non-Ferrous" app [4][12] - The logistics and warehousing business is being optimized to improve service levels and expand market reach, particularly in black metal logistics [4][12] Governance and Compliance - The Board of Directors held nine meetings during the reporting period, ensuring compliance with legal and regulatory requirements [7][8] - The Supervisory Board conducted four meetings, focusing on the company's financial health and compliance with operational regulations [13][15] - The company is committed to enhancing its internal control systems and compliance frameworks to mitigate operational risks [15][16] Strategic Initiatives - The company aims to transform into a comprehensive service provider in the automotive and non-ferrous metals sectors, leveraging its existing market position and digital capabilities [10][12] - Plans include the development of a supply chain service platform and the integration of digital technologies to enhance operational efficiency [10][12] - The company is also focusing on expanding its market influence through strategic partnerships and innovative service offerings [10][12]