Group 1: Financial Performance - The company's revenue increased by 6.64% year-on-year, but net profit decreased significantly by 37.75%, with non-recurring net profit dropping by 36.51% [18] - The gross profit margin fell to 34.91%, a decrease of 6.92% year-on-year, impacting overall profitability [18] - Government subsidies contributed 7.19% to net profit in 2024 [16] Group 2: Debt and Credit Management - As of March 31, 2025, the company reversed credit impairment losses amounting to CNY 15,387,898.23 [2] - The asset-liability ratio increased to 57%, with a current ratio of 42% for contract liabilities [9] - The company has established a classified management system for receivables to ensure timely collection [2] Group 3: Stock and Shareholder Engagement - The company repurchased 2,132,100 shares for a total amount of CNY 39,750,142, completing one-third of the buyback plan within five months [3] - The buyback plan has a total budget between CNY 50 million and CNY 70 million, with a completion deadline of 12 months from the approval date [8] - The company aims to enhance shareholder returns through share buybacks and dividends, while also improving investor communication [4] Group 4: Business Strategy and Market Position - The company focuses on clean technology, with a business layout of "three main and three auxiliary" services, including medical projects and laboratory solutions [10] - The company has secured a contract worth approximately CNY 41 million for an electronic cleanroom project, marking a breakthrough in this sector [14] - The company holds a backlog of contracts totaling CNY 2.753 billion as of April 2025 [22] Group 5: Future Outlook and Challenges - The company is positioned to benefit from favorable government policies and a growing market for clean technology services [17] - The management acknowledges the need to improve profitability and is implementing measures to control costs and enhance cash flow [18] - The company is exploring strategic partnerships and potential equity financing to optimize its capital structure [9]