Group 1: Company Performance - In 2024, the company achieved revenue of 2.214 billion CNY, a year-on-year increase of 31.76% [3] - The net profit attributable to shareholders was 188 million CNY, up 18.16% year-on-year [3] - Growth was driven by strong demand from European clients, expansion of the MicroTouch™ brand, and new products from the subsidiary Hongtong Technology entering mass production [3] Group 2: Strategic Plans for 2025 - The company plans to adjust strategies for its three main business segments: ODM, MicroTouch™, and smart cockpit [3] - There will be a focus on enhancing the global manufacturing system and core competitiveness [3] - Continuous improvement in core technology R&D capabilities is a priority [3] - The company aims to build an efficient global team to expand and maintain its global customer base [3] Group 3: Industry Insights - The commercial interactive display device industry is fragmented with low concentration [4] - The retail sector remains the primary application area for the company's products, with the global POS terminal market expected to exceed 100 billion USD by 2025, growing at a CAGR of over 8% from 2025 to 2030 [5] Group 4: Operational Developments - The Thailand factory commenced mass production in 2024, establishing a dual manufacturing layout in China and Thailand [6] - Plans to expand production capacity in Thailand include adding an all-in-one assembly line and SMT line to enhance supply chain resilience [6] Group 5: Trade and Tariff Impacts - Recent tariff agreements between China and the U.S. are expected to have limited direct impact on the company's performance due to exemptions for its products [7] - The company will continue to implement global manufacturing and customer strategies to mitigate trade uncertainties [7] Group 6: Business Strategies for Growth - The company will shift from a single-engine ODM model to a dual-engine EMS model to enhance profitability [9] - Focus will be on product development and planning, transitioning from a channel-centric to a product-centric approach to improve market share and brand value [9] Group 7: Challenges and Solutions - The low gross margin in the vehicle display business is attributed to low revenue scale and underutilization of capacity [11] - Management plans to improve gross margins through new customer acquisition, increasing existing customer share, optimizing product structure, and enhancing supply chain management [11]