Group 1: Industry Overview - The smart parcel locker industry is currently in a stable growth phase after experiencing rapid development [3] - The efficiency of equipment in the storage and delivery process is higher than that of manual labor, leading to greater acceptance of smart lockers in markets with high labor costs [3] - There is potential for growth in the lower-tier markets for smart lockers, which have previously been limited by investment return rates [3] Group 2: Market Outlook - The company is optimistic about the development of foreign markets and plans to allocate resources accordingly, as labor costs are significantly higher abroad [4] - The gross profit margin for the company's products in foreign markets is higher than in domestic markets [4] Group 3: Business Expansion - The company has been expanding its business in the medical sector for three years, with some well-known hospitals already using its products [5] - The medical storage and delivery market is still in its early development stage [5] Group 4: Production Capacity - The production capacity of the company's factories in Hubei and Vietnam is sufficient to meet customer order demands [5] - The production model is based on single-order production, with capacity utilization determined by customer orders [5] Group 5: Cost Reduction and Efficiency Improvement - The company is continuously working on cost reduction and efficiency improvement in areas such as raw material procurement and supply chain management [5] - The focus is also on expanding business globally to enhance profitability [5] Group 6: Future Growth Drivers - The smart storage and delivery industry is expected to continue its stable growth, with confidence in future market prospects [6] - There are many application scenarios in the segmented fields of smart storage and delivery, including medical behavior systems, charging cabinets, and vending machines [6]

Group 1: Financial Performance - The main driver for the increase in net profit for 2024 is attributed to a rise in orders and increased income from self-managed financial investments [2] - The gross profit margin for 2024 has slightly increased compared to 2023, with no significant impact from raw material costs and exchange rate fluctuations [4] - Revenue from the top five customers has slightly increased in 2024 compared to 2023, indicating no over-reliance on a single customer [3] Group 2: Market Outlook - The domestic express cabinet market is experiencing a slowdown in growth, but the demand for smart cabinets is expected to continue if property fee issues are resolved [3] - The company is actively expanding its overseas business, particularly in regions like the US and Southeast Asia, while monitoring the impact of US tariff policies [4] - The company has developed a take-out cabinet product that has been positively received in the industry [4] Group 3: Technological Development - The technology of smart cabinets is currently mature, with AI recognition already implemented in the storage and delivery sectors [3] - The company is focusing on technological upgrades for the next generation of smart cabinets, exploring applications beyond the express delivery industry [4] - The company is aware of potential technology substitution risks and is committed to monitoring new technologies in the smart storage and delivery field [5] Group 4: Strategic Planning - The company aims to balance R&D investment with profitability enhancement through organizational optimization [5] - Future growth points include not only smart cabinets but also other storage and delivery solutions that have shown promising development [5] - The company has a history of consistent dividends and has completed stock repurchase plans, with no new repurchase plans currently in place [4]