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Financial Performance - The company reported a basic earnings per share of 1.0690 yuan for 2024, an increase of 28.02% compared to 0.8350 yuan in 2023 [1] - The net profit for 2024 reached 5.83 billion yuan, reflecting a growth of 29.84% from 4.49 billion yuan in 2023 [1] - The operating revenue for 2024 was 32.51 billion yuan, up 21.4% from 26.78 billion yuan in 2023 [1] - The return on equity (ROE) improved to 17.74% in 2024, compared to 16.27% in 2023, marking a 9.04% increase [1] Shareholder Structure - The top ten unrestricted shareholders collectively hold 18,978.11 million shares, accounting for 41.89% of the circulating shares, with an increase of 515.27 million shares from the previous period [1] - Major shareholders include Shanghai Taihexing Enterprise Development Partnership with 6,392.44 million shares (14.11%) and Ningbo Shangyu Venture Capital Partnership with 2,935.38 million shares (6.48%), both remaining unchanged [2] - Notable changes include a decrease of 42.18% in holdings by Ningbo Shankun Investment Management Partnership and a 51.40% reduction in holdings by He Wei [2] Dividend Distribution - The company announced a dividend distribution plan of 10 shares for every 4 shares held, along with a cash dividend of 5 yuan (tax included) [3]

Core Viewpoint - The company has signed two sales contracts totaling 65.265984 million yuan, which are expected to positively impact its financial performance in 2025 [2][9]. Group 1: Contract Details - The contracts consist of two sales agreements for inertial navigation devices, with amounts of 29.703744 million yuan and 35.562240 million yuan respectively [5][8]. - The final contract prices are subject to adjustments based on negotiations with the military equipment department [2][5]. Group 2: Performance Impact - The delivery of the products is scheduled for 2025, which is anticipated to have a positive effect on the company's total assets, net assets, operating income, and operating profit for that year [9][10]. Group 3: Risk Factors - There are potential performance risks due to external macroeconomic changes, industry policy adjustments, market environment changes, and customer demand fluctuations [3][10]. - The company acknowledges the risk of default if it fails to deliver products or services on time due to its own reasons [3][10].