Group 1 - Jiangsu province implemented a more proactive fiscal policy, focusing on stable growth and improving people's livelihoods, which provided strong support for high-quality development [1] - In the first half of the year, Jiangsu's general public budget revenue reached 583.68 billion yuan, an increase of 1.1%, with tax revenue growing by 2.7% for nine consecutive months [1] - The industrial production growth led to a 7.4% increase in value-added tax, indicating strong internal economic momentum [1] Group 2 - Wuxi Tengma Precision Transmission Co., Ltd. reported a 44% increase in revenue this year, driven by rising orders for products used in humanoid and industrial robots [1] - Jiangsu Lianbo Precision Technology Co., Ltd. is in a rapid development phase, receiving a 1% fiscal subsidy that significantly supports its growth [2] - The provincial government allocated 10 billion yuan for social elderly service system construction and 31.38 billion yuan for employment subsidies, enhancing social welfare [2]

Group 1 - The company, Shanghai Yongli Belt Industry Co., Ltd., is acquiring a 50% stake in Shanghai Ketaike Transmission System Co., Ltd. from Ningbo Zhongdali Intelligent Transmission Co., Ltd. for a total price of 9.2777 million yuan [1] - The acquisition aims to enhance the company's industrial layout in the field of industrial transmission and strengthen control over its subsidiaries [1] - Following the completion of the industrial and commercial change registration, Ketaike has become a wholly-owned subsidiary of the company and will be included in the company's consolidated financial statements [1] Group 2 - Ketaike specializes in the research, production, and sales of electric rollers and related products [1] - The registered capital of Ketaike is 20 million yuan, and it was established on June 3, 2024 [1] - The business scope of Ketaike includes manufacturing bearings, gears, and transmission components, as well as general and specialized equipment manufacturing [1]

Financial Performance - The company reported a basic earnings per share of -0.2400 yuan for Q1 2025, a decrease of 118.18% compared to -0.1100 yuan in Q1 2024, and a significant drop from 0.0700 yuan in Q1 2023 [1] - The net profit for Q1 2025 was -0.18 billion yuan, reflecting a 125% decline from -0.08 billion yuan in Q1 2024, and a decrease from 0.04 billion yuan in Q1 2023 [1] - The operating revenue for Q1 2025 was 1.1 billion yuan, a substantial increase of 279.31% compared to 0.29 billion yuan in Q1 2024, and an increase from 0.96 billion yuan in Q1 2023 [1] - The return on equity for Q1 2025 was -2.36%, a decline of 153.76% from -0.93% in Q1 2024, and a decrease from 1.44% in Q1 2023 [1] Shareholder Structure - The top ten unrestricted shareholders collectively held 5.9461 million shares, accounting for 27.06% of the circulating shares, with a decrease of 810,100 shares compared to the previous period [2] - Notable shareholders include Guotou Chuanghe (Hangzhou) Venture Capital Management Co., Ltd. holding 1.8142 million shares (8.25%), and BoShi Theme Industry Mixed Fund holding 778,100 shares (3.54%) [3] - Several shareholders exited the top ten list, including Yang Zhang who held 850,000 shares (3.87%) and Shanghai Yunran Investment Management Co., Ltd. with 536,800 shares (2.44%) [3][4] Dividend Distribution - The company has announced that it will not distribute dividends or transfer shares this time [5]

Core Viewpoint - The company proposes a cash dividend distribution plan for the year 2024, with a total cash dividend amounting to 61,726,300.00 yuan, which represents 185.66% of the net profit attributable to shareholders for the year [1][2]. Profit Distribution Plan - The proposed cash dividend is 0.2 yuan per share (including tax), equating to 2 yuan for every 10 shares held [1]. - The total cash dividend for the year is 61,726,300.00 yuan, which accounts for 21.09% of the company's undistributed profits at the end of the year [1][2]. - The distribution plan is based on the total share capital as of the record date for the rights distribution, and any changes in share capital prior to this date will not affect the per-share distribution ratio [1][2]. Financial Performance - The net profit attributable to shareholders for the year is reported at 33,247,453.97 yuan, a decrease from the previous year's profit of 72,764,385.13 yuan [2]. - The company's undistributed profits at the end of the year amount to 292,709,424.81 yuan [2]. - The cash dividend ratio for the current year is significantly high at 436.45%, indicating a substantial payout relative to net profits [2]. Decision-Making Process - The board of directors approved the profit distribution plan during a meeting held on February 24, 2025, with unanimous support [2][3]. - The supervisory board also agrees that the distribution plan aligns with the company's profit distribution policy and shareholder return strategy, ensuring no harm to shareholders' interests, particularly minority shareholders [3].

Group 1 - The sixth session of the Supervisory Board of Zhejiang Zhongma Transmission Co., Ltd. was held on April 2, 2025, with all three supervisors present, confirming the legality and validity of the meeting [1][2]. - The Supervisory Board approved the 2024 Annual Work Report, ensuring compliance with the Company Law and Articles of Association [1][2]. - The Supervisory Board approved the 2024 Annual Financial Settlement Report, which will be submitted to the shareholders' meeting for review [2]. - The Supervisory Board approved the 2024 Annual Report and its summary, also to be submitted to the shareholders' meeting [2]. - The Supervisory Board approved a profit distribution plan, proposing a cash dividend of 2 yuan (including tax) for every 10 shares [2]. - The Supervisory Board approved the 2025 Annual Financial Budget Report, which will be submitted to the shareholders' meeting [2]. - The Supervisory Board approved the proposal to reappoint Tianjian Accounting Firm as the financial auditing institution for 2025 [2]. - The Supervisory Board approved the remuneration scheme for supervisors, linking it to the company's performance [2][3]. Group 2 - The Supervisory Board approved the special report on the use of raised funds for 2024, confirming compliance with regulations [3]. - The Supervisory Board approved the 2024 Internal Control Evaluation Report, indicating no major defects in financial reporting internal controls [3]. - The Supervisory Board approved the expected daily related party transactions for 2025 [3]. - The Supervisory Board approved the evaluation report on the performance of the accounting firm for 2024 [3]. - The Supervisory Board approved the change in accounting policies, aligning with revised accounting standards issued by the Ministry of Finance [4].