Group 1: Financial Performance - The company achieved a revenue of 2.727 billion yuan in the first three quarters, a year-on-year decrease of 9.87% [1] - The net profit attributable to shareholders was 200 million yuan, down 3.16% year-on-year [1] - The revenue distribution remains stable, with magnetic materials accounting for approximately 50%, electromechanical business for nearly 30%, and health equipment for about 10% [1] Group 2: Business Developments - The magnetic materials segment saw significant growth in the new energy vehicle sector, with strong order fulfillment due to proactive inventory management by downstream clients [2] - The company has implemented measures to comply with export control policies, ensuring normal operations for products requiring export licenses [3] - The electromechanical segment focuses on health mobility, smart home appliances, and logistics security, with a strategy of developing both standard and customized products [4] Group 3: Technological Advancements - The company is actively pursuing developments in the robotics sector, with ongoing sample submissions and small-scale trials for humanoid robot applications [5] - In the electronic acoustics sector, the company is expanding into high-end automotive audio and increasing product variety in consumer electronics [6] - The Vietnam project has commenced production, with products successfully obtaining certificates of origin [7]

Production Capacity and Utilization - The company has a magnetic material production capacity of approximately 13,000 tons, with a utilization rate of about 80% [1] - In 2024, the sales volume of finished magnetic materials is expected to exceed 6,200 tons, with exports accounting for 20-30% [1] Raw Material Procurement and Inventory - The company maintains long-term relationships with major raw material suppliers, employing a combination of long-term contracts and flexible procurement strategies [2] - Raw material inventory is kept at around two months, with procurement strategies adjusted based on price trends [2] Export Licenses and Market Applications - The company has actively applied for export licenses for permanent magnetic products since the implementation of export control policies, with some orders already approved [3] - The company's electromechanical products are primarily used in health mobility, smart home appliances, agricultural machinery, and security systems, with exports accounting for 60-70%, mainly to Europe, America, and Asia [3] Health Equipment Business Development - The health equipment segment, focusing on electric wheelchairs and mobility scooters, has a significant overseas business share of about 70-80% [3] - Growth in this sector is attributed to brand development, new material applications, market expansion, and ongoing automation and cost optimization efforts [3] Future Business Development Plans - The Vietnam base will primarily support the production of motors, health equipment, and acoustic products [4] - The company plans to expand its electronic acoustic product line, focusing on high-end automotive audio and consumer electronics [4] Strategic Positioning and Value Management - The company aims to enhance its core business by focusing on precision in electromechanical products, strengthening magnetic materials, and optimizing downstream applications [6] - Ongoing efforts will be made to improve operational performance and enhance intrinsic value, with a commitment to reasonable returns for investors through cash dividends and share buybacks [6]

融捷健康：美国子公司的主要供应链来自中国 目前正在评估供应链转移等措施 金十数据5月6日讯，融捷健康在互动平台表示，公司销售给美国的远红外桑拿房属于木材制品，不属 于"对等关税"豁免范围。此外，公司表示，2024年公司销售到美国的销售额6198.5万美元，其中国内工 厂出口到美国的销售额532.34万美元，美国子公司在美国本土的销售额5666.15万美元。美国子公司的主 要供应链来自中国，目前正在评估供应链转移等措施。 ...

Financial Performance - The company's basic earnings per share decreased by 5.13% to 1.11 yuan in 2024 from 1.17 yuan in 2023 [1] - The net profit for 2024 was 1.92 billion yuan, down 5.42% from 2.03 billion yuan in 2023 [1] - The operating revenue fell by 13.91% to 15.97 billion yuan in 2024 compared to 18.55 billion yuan in 2023 [1] - The return on equity decreased to 9.64% in 2024 from 10.50% in 2023, reflecting an 8.19% decline [1] - The net asset per share dropped by 19.84% to 11.11 yuan in 2024 from 13.86 yuan in 2023 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 10,732.22 million shares, accounting for 60.5% of the circulating shares, with a decrease of 1.0964 million shares compared to the previous period [2] - The largest shareholder, Lin Qi, holds 4,537.03 million shares, representing 25.58% of the total share capital, with no change [3] - New entry in the top ten shareholders includes Xu Haipeng, holding 132.00 million shares, representing 0.74% [3] Dividend Distribution - The company announced a dividend distribution plan of 10 yuan per share, including tax [2]