Group 1: Company Performance and Strategy - The company held an earnings briefing for the fiscal year 2024 and the first quarter of 2025 on May 20, 2025, to communicate with investors and address their concerns [1][2] - In 2024, the company achieved a revenue of approximately 1.15 billion yuan, representing a year-on-year growth of 14.59%, while the net profit attributable to shareholders decreased by 4.23% to approximately 82.21 million yuan [6][7] - The company has developed a five-year strategic plan (2024-2028) focusing on high-quality development, sustainable growth, and globalization, aiming to become a leader in the global new energy molding equipment and technology sector [3][4] Group 2: Market Outlook and Industry Trends - The global injection molding machine market is projected to grow from approximately 11.41 billion USD in 2024 to 15.86 billion USD by 2030, with a compound annual growth rate (CAGR) of 5.63% [3] - The company anticipates significant growth in exports, with a forecasted export value of 2.1 billion USD in 2024, reflecting a year-on-year increase of 21% [3] - The company is focusing on various downstream application sectors, including mobile transportation, smart home, packaging, and medical devices, to capture emerging opportunities [3] Group 3: Operational Developments - The company has successfully completed its large-scale integrated smart manufacturing base project, which includes the production of 29 die-casting machines and 5,000 high-end injection molding equipment [5] - The company has established a global marketing network with subsidiaries in six countries and 75 domestic and international distributors, covering 38 countries [5] - The company reported a significant increase in foreign sales revenue, amounting to approximately 515 million yuan in 2024, a year-on-year growth of 19.94% [5] Group 4: Financial Management and Challenges - The company has maintained a stable cash dividend policy, with a total cash dividend of 132 million yuan over the past three years, representing a payout ratio of 175.22% [5] - The gross profit margin for 2024 was reported at 29.79%, a decrease of 2.18 percentage points from the previous year, primarily due to rising raw material and labor costs [6] - The company is actively addressing the challenges posed by increased costs and has implemented measures to improve efficiency and reduce expenses [6][7]