Core Viewpoint - The company has established a strong position in the 3C business sector, with its flagship product, the drilling machine, achieving comprehensive coverage of core downstream 3C users and leading the market share in the industry [1] Group 1: 3C Business - The company's drilling machine has reached its eighth generation, with some performance metrics surpassing international top brands, achieving import substitution [1] - The company has a leading market share in the 3C sector, indicating a strong competitive advantage [1] Group 2: General Business Growth - The general business sector is identified as a key driver for the company's growth, with extensive coverage across various manufacturing fields, including humanoid robot joints, automotive parts, automation equipment, machining, mold processing, parts processing, rail transportation, and medical devices [1] - The company's general business is experiencing a multi-point blossoming trend, which enhances its ability to withstand economic cycles and lays a solid foundation for future growth [1]

Core Insights - The company reported a significant increase in revenue and net profit for the fiscal year 2024, with total revenue reaching 4.605 billion yuan, a year-on-year growth of 30.49%, and net profit attributable to shareholders at 237 million yuan, up 22.00% [1] - The company demonstrated a remarkable improvement in its core business profitability, with a non-recurring net profit of 202 million yuan, reflecting a substantial year-on-year increase of 212.32% [1] Performance Drivers - The 3C business experienced explosive growth, with sales revenue from 3C-type drilling and milling centers reaching 1.926 billion yuan, a year-on-year increase of 197.43%, becoming the core growth driver [2] - High-end machine tools saw breakthroughs, with sales revenue from five-axis CNC machines and large vertical lathes exceeding 200 million yuan, marking a year-on-year growth of 39.09%, establishing a competitive advantage through technological leadership [2] - The company's overseas expansion accelerated, with revenue from markets in Vietnam, Indonesia, Turkey, Italy, Mexico, and Brazil totaling 207 million yuan, a year-on-year increase of 42.61%, contributing to a revenue share increase to 4.5%, indicating initial success of the globalization strategy [2] 2025 Outlook - For the first quarter of 2025, the company expects revenue between 1.028 billion yuan and 1.113 billion yuan, representing a year-on-year growth of 20% to 30%, with net profit projected between 89 million yuan and 112 million yuan, indicating a year-on-year increase of 50% to 90% [3] - The anticipated strong performance in Q1 2025 is attributed to the continued recovery in the 3C industry and a robust order backlog for high-end machine tools, with sales revenue from 3C-type drilling and milling centers expected to reach 412 million yuan, a year-on-year growth of 27.1% [3] - Sales revenue from high-end products such as five-axis and large vertical lathes is projected to be 45 million yuan, reflecting a year-on-year increase of 21.62% [3]