Core Viewpoint - The company, Suzhou Mingzhi Technology Co., Ltd., is preparing for its 2025 annual shareholder meeting, focusing on its operational performance, strategic initiatives, and governance practices to enhance shareholder value and ensure compliance with regulations [1][2][3]. Meeting Preparation - The shareholder meeting is scheduled for May 23, 2025, at 14:30, with a combination of on-site and online voting methods [10][12]. - Only authorized personnel, including shareholders, directors, and legal representatives, are allowed to attend the meeting, ensuring order and compliance [2][4]. Operational Performance - In 2024, the company achieved sales of 225.31 million yuan, representing a year-on-year growth of 33.60% [9]. - The casting products generated sales of 373.33 million yuan, also showing significant growth [9][11]. Strategic Initiatives - The company is actively expanding into new product application areas and markets, particularly in the automotive parts sector, targeting both domestic and international clients [12]. - A major contract worth approximately 330 million yuan was secured for a precision core casting production line, indicating the company's technological advancements and market competitiveness [12]. Research and Development - The company has focused on innovation, with 32 new patents granted in 2024, including 7 invention patents [13]. - Continuous improvements in core technologies for casting processes have been emphasized, with a strong commitment to green and low-carbon development [16][18]. Governance and Compliance - The board of directors has been actively engaged in overseeing company operations, with multiple meetings held to ensure compliance with legal and regulatory requirements [36][37]. - The company has maintained transparency in its operations, with a commitment to timely and accurate information disclosure to protect shareholder interests [38][39]. Future Outlook - The company aims to enhance its casting technology and equipment, focusing on green and intelligent manufacturing to meet increasing environmental standards [40]. - There is a strategic emphasis on developing high-performance aluminum alloy castings for emerging industries, including new energy and aerospace [18][19].

Group 1: Financial Performance - In Q1 2025, the company's revenue increased by 48.85% year-on-year, while net profit decreased by 72.64% [4] - The company's operating income for 2024 was 652 million yuan, a decrease of 6.50% year-on-year, with net profit of 21.35 million yuan, down 56.23% [5] - The gross profit margin for the company's products was 14.66%, showing a decline compared to the same period last year [5] Group 2: Business Strategy and Focus - The company plans to use idle self-owned funds for financial management, aiming to improve the efficiency of idle funds without affecting normal operations [2] - The company will continue to focus on its main business, adapting strategies based on customer needs and industry developments [6] - The company is committed to expanding its product range and optimizing its application direction while integrating customer resources and supply chain advantages [8] Group 3: Market Trends and Opportunities - The wind power equipment sector is expected to enter a period of accelerated construction in 2025, driven by global consensus on renewable energy [5] - The power equipment sector is supported by government initiatives aimed at enhancing energy efficiency and carbon reduction [5] - The medical device market in China is experiencing rapid growth, driven by aging populations and increasing healthcare demands [5] Group 4: Challenges and Adjustments - The company faced a 17.44% year-on-year decline in revenue from wind power equipment components, while revenue from power equipment and medical devices grew by 9.51% [3] - The company is adjusting its product structure and business direction to maintain overall revenue stability amid fierce competition in the wind power industry [7] - Increased labor costs and rising shipping fees contributed to the decline in net profit despite revenue growth [4]