Core Viewpoint - The company aims to strengthen its position in the leather chemical industry by focusing on international market expansion and digital transformation initiatives. Group 1: Business Strategy and Market Expansion - The company plans to deepen its core business in fine chemicals and actively expand into international markets, aspiring to become a globally recognized leather chemical enterprise [1] - In 2024, the company made significant adjustments to its business scope, including terminating investments in unrelated sectors and focusing on its core fine chemical business [1] - The company announced plans to establish subsidiaries in Singapore, Brazil, and Italy to enhance its international presence and reduce logistics costs [2] Group 2: Technological Development and Digital Transformation - The company is accelerating its development in emerging fields such as intelligent manufacturing, particularly in leather machinery and industrial equipment [3] - The company has invested approximately 440 million yuan in projects related to new materials and intelligent equipment, with significant progress already made [3] - The company is advancing its digital transformation by developing customized management systems to improve operational efficiency and product quality control [4][5] Group 3: Financial Performance - In 2024, the company achieved a revenue of 753 million yuan, representing a year-on-year growth of 3.94%, and a net profit of 31.67 million yuan, up 19.97% [5] - In the first quarter of 2025, the company reported revenues of 160 million yuan and a net profit of 5.09 million yuan, with significant increases in sales and R&D expenses [5]

Group 1 - A Shenzhen private equity firm, Zhiyuan Capital, has become a significant shareholder of Guanshang Technology by acquiring over 5% of its shares through a share transfer agreement [1] - Guanshang Technology's controlling shareholder transferred 4 million shares at a price of 44.14 yuan per share, totaling 177 million yuan, which represents a discount of approximately 20% compared to the current market price of 56.16 yuan per share [1] - Following the share transfer, the controlling shareholder's stake in Guanshang Technology decreased from 57.81% to 52.81%, while Zhiyuan Capital's stake increased from 0% to 5% [1] Group 2 - Zhiyuan Capital, established in 2015 and based in Shenzhen, has a management scale exceeding 3 billion yuan and focuses on stable, innovative investments with an emphasis on ESG principles [2] - In June 2023, Zhiyuan Capital also acquired over 5% of another listed company, Dawi Co., through a similar share transfer agreement, purchasing 6.00% of the company's shares at a price of 12.58 yuan per share, resulting in a floating profit exceeding 36% as of the latest closing price [2] - Dawi Co. views Zhiyuan Capital as a strategic investor and plans to hold a shareholders' meeting to elect a non-independent director candidate proposed by Zhiyuan Capital [3]