Group 1: Business Strategy and Market Position - The company is focusing on enhancing customer engagement, improving management efficiency, and elevating operational quality in 2023 [2] - The company acknowledges the impact of macroeconomic conditions, industry policies, and market sentiment on stock prices, which are not solely tied to performance [2] - The company aims to optimize its market value management through improved operational quality and performance [2] Group 2: Product Development and Innovation - The company has a complete liquid cooling solution, including cabinets and distribution units, but has not yet achieved large-scale orders [2] - The company is actively pursuing product development in industrial automation, network energy, new energy vehicles, and photovoltaic storage [3] - The company has not yet received certification from mainstream computing power manufacturers for its liquid cooling products [2] Group 3: Challenges and Strategic Changes - The company is addressing internal challenges such as growth stagnation, management efficiency loss, and weakened development drivers [4] - The company recognizes the need for both internal growth and external mergers and acquisitions, emphasizing a cautious approach to the latter [4] - The company has initiated systematic reforms to enhance business focus, product quality, and management efficiency [4] Group 4: Market Performance - The industrial automation business has shown year-on-year growth in both domestic and overseas markets, with overseas growth outpacing domestic [4] - The company is currently experiencing a decline in performance for 2024, prompting a focus on management reforms to solidify operational foundations [4]