Group 1: Financial Performance - The company's net profit for 2024 was -21.4043 million RMB, primarily due to the stock incentive plan implemented in 2023, which required the company to allocate 66.8892 million RMB in share-based payment expenses [14][17]. - The first quarter of 2025 saw a loss attributed to insufficient revenue growth and the need for ongoing cost reduction efforts [4][30]. - The company reported a significant increase in revenue for Shanghai Precision Casting, with an 82.20% year-on-year growth in 2024 [2]. Group 2: Investment and Growth Plans - The company plans to raise up to 1.21 billion RMB through a private placement to invest in high-end components for aerospace engines and advanced high-temperature alloy precision manufacturing technology [38][40]. - Jiangsu Precision Casting intends to invest 100 million RMB from self-raised funds or loans to advance the aerospace engine and gas turbine component manufacturing project [15][38]. - The company aims to enhance its production capacity in the aerospace sector, addressing current capacity shortages [8][19]. Group 3: Market and Industry Outlook - The "14th Five-Year Plan" emphasizes energy structure transformation and new infrastructure development, leading to explosive growth in demand for new energy cables and smart grids [2]. - The aerospace industry is rapidly developing, with a surge in demand for high-temperature alloy precision castings, supported by government policies encouraging technological research and industrial development [2][8]. - The domestic wire and cable industry is experiencing steady growth, driven by policy incentives and technological upgrades, despite challenges such as overcapacity and high raw material costs [9]. Group 4: Corporate Governance and Shareholder Relations - The company is actively preparing materials for its private placement, with no current plans for stock buybacks [17][36]. - The second-largest shareholder, Xu Gangsheng, holds 4.88% of the company's shares and may increase his stake if it reaches 5% [27][33]. - The independent directors are tasked with overseeing management actions and ensuring decisions align with the interests of minority shareholders [7].

Core Viewpoint - Wuxi Haya Technology Co., Ltd. announced a cash dividend of 0.20 RMB per share (including tax) for the fiscal year 2024, approved at the annual shareholders' meeting on April 17, 2025 [2][3]. Distribution Plan - The dividend distribution is based on a total share capital of 258,382,608 shares, resulting in a total cash dividend payout of 51,676,521.60 RMB (including tax) [4]. - The distribution will be made to all shareholders registered with China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the day before the equity registration [3][4]. Implementation Dates - The cash dividends will be distributed through the clearing system of China Securities Depository and Clearing Corporation Limited, and shareholders who have completed designated transactions can receive their dividends on the payment date [5]. Taxation Details - For individual shareholders holding shares for over one year, the dividend income is exempt from personal income tax, resulting in an actual cash dividend of 0.20 RMB per share. For those holding shares for one year or less, tax will be calculated upon transfer of the shares [8]. - The effective tax burden varies based on the holding period: 20% for holdings of one month or less, 10% for holdings between one month and one year, and exempt for holdings over one year [9]. - For qualified foreign institutional investors (QFII), a 10% withholding tax applies, resulting in a net dividend of 0.18 RMB per share [10].