Core Viewpoint - The company, Heertai, is experiencing significant growth in its performance, with a projected net profit increase of 60%-90% year-on-year for Q1 2025, driven by new projects and expanding market share [1][3]. Financial Performance - Since its A-share market debut in 2010, Heertai has shown steady growth in both revenue and net profit, with revenue increasing from 562 million to 9.659 billion from 2012 to 2024, a cumulative growth of over 16 times; net profit rose from 26 million to 364 million, a cumulative growth of over 13 times [2]. Q1 2025 Performance Forecast - For Q1 2025, Heertai expects a net profit attributable to shareholders of 155 million to 183 million, representing a year-on-year increase of 60%-90%; the net profit after excluding non-recurring gains and losses is projected to be 148 million to 173 million, reflecting an 80%-110% increase compared to the previous year [3]. Investment and Expansion - To meet market demand and enhance production capacity, Heertai has actively raised funds through private placements, including a recent plan to raise 650 million for projects in automotive electronics and smart energy storage, as well as to supplement working capital [3]. R&D Investment - Heertai has maintained a strong competitive edge in the smart controller industry, with significant R&D investments totaling 1.754 billion over the past five years, which has bolstered its independent research capabilities and optimized product structure [4]. Globalization and Diversification - The company is advancing its global layout and diversification strategy, having established R&D and operational centers in over 20 countries, thereby enhancing its international competitiveness [5].