Group 1: Financial Performance - The company's inventory value at the end of the reporting period is 65.63 million CNY, accounting for 15.36% of current assets, which is a slight increase compared to the previous year [5] - The net cash flow from operating activities is 13.96 million CNY, a decrease of 5.03 million CNY (26.48%) year-on-year, primarily due to reduced sales collections [5] - The net cash flow from investing activities is -70.47 million CNY, a decrease of 32.29 million CNY (84.58%) year-on-year, mainly due to increased cash expenditures for long-term assets [5] - The net cash flow from financing activities is -12.32 million CNY, a decrease of 136.89 million CNY (109.89%) year-on-year, attributed to the previous year's fundraising activities [5] Group 2: Asset Changes - The ending balance of cash and cash equivalents is 92.12 million CNY, a decrease of 66.94 million CNY, mainly due to reduced sales collections and expenditures for long-term assets [6] - The ending balance of fixed assets is 155.28 million CNY, an increase of 58.49 million CNY, due to the completion of construction projects [6] - The ending balance of intangible assets is 16.67 million CNY, an increase of 3.97 million CNY, due to the implementation of an ERP digital management system [6] Group 3: Strategic Development - The company focuses on the gas transmission and distribution equipment industry, aiming to strengthen its core business and enhance product competitiveness [6] - The company plans to extend its industrial chain into pipeline gas sales, leveraging its existing infrastructure [6] - Continuous investment in technology and talent acquisition is emphasized to boost core competitiveness through innovative product development [6] Group 4: Innovation and R&D - In 2024, the company obtained 9 invention patents in various fields, including gas flow control and heating systems [7] - The company is implementing smart production line upgrades and plans to focus on innovations in gas pressure regulation systems and safety devices [7] Group 5: Market Management - The company emphasizes value-based market management and aims to enhance its core competitiveness and overall strength [8] - Future initiatives include improving investor relations and information disclosure to support high-quality development [8] Group 6: International Business - The company currently does not engage in overseas business, and changes in foreign trade policies do not impact its operations [8]