Summary of Key Points Core Viewpoint - The company held an earnings briefing on May 12, 2025, to discuss its performance for 2024 and the first quarter of 2025, addressing investor inquiries regarding financial results and market conditions [1]. Group 1: Earnings Performance - In 2024, the company achieved a revenue of 1.599 billion yuan, representing a year-on-year increase of 15.81% [2]. - The net profit attributable to shareholders for 2024 was 95.9131 million yuan, up 13.08% compared to the previous year [2]. - The company's comprehensive gross profit margin improved by 2.3 percentage points year-on-year in 2024, although it experienced a quarter-on-quarter decline in Q1 2025 [2]. Group 2: Market and Industry Insights - The company acknowledged that the prices of steel and other bulk commodities have a certain impact on its profits [2]. - The general machinery industry, which includes the company, is expected to maintain a steady growth trend in 2025, with major economic indicators projected to grow around 5% [3]. - The company’s cooling towers are widely used in various sectors, including petrochemicals, metallurgy, thermal power, nuclear power, data centers, semiconductor manufacturing, solar energy, and energy storage [2][3]. Group 3: Certification and Future Growth - The company is in the final stages of obtaining FM certification, having completed all required tests and is awaiting final procedural review [2]. - Future growth points for the company are expected to stem from its technological advantages and the increasing demand for cooling towers in various industries [2].