Core Viewpoint - Company received inquiries from multiple institutions including Western Lide Fund and Tianfu Hedge Fund on March 25, 2025, indicating interest in the company's operations and future prospects [1] Group 1: Business Operations - Company focuses on overseas markets for LED driver power supply, specifically for local assembly needs of overseas lighting manufacturers, which does not conflict with domestic clients [2] - The company's subsidiary in energy storage, Songsheng Innovation, is expected to incur a loss of approximately 45 million yuan in 2024, with a significant focus on markets in Europe, America, and Asia-Pacific [3] Group 2: Financial Performance - For the first three quarters of 2024, the company's R&D expenses increased by 12.39 million yuan, primarily driven by the energy storage business [2] - The company's main revenue for 2024 reached 652 million yuan, a year-on-year increase of 16.54%, while the net profit attributable to shareholders decreased by 2.07% to 18.61 million yuan [8] - The gross profit margin for the company was reported at 27.69% [9] Group 3: Market Position - The global LED lighting driver power supply market is projected to reach 10.034 billion USD by 2029, with the company's focus on medium and high-power LED driver power supply expected to account for a market size of approximately 9.8 billion USD [5] - The company's market share in the global LED power supply manufacturers was recorded at 1.31% in 2022 [5] Group 4: Corporate Governance - The company decided not to adjust the conversion price of its convertible bonds during the board meeting held on December 26, 2024, and will not propose any downward adjustment until June 25, 2025 [6]