Core Viewpoint - The company reported a significant decline in both revenue and net profit for the year 2024, primarily due to decreased gross margins in the equipment manufacturing segment [2][4]. Financial Performance - The company achieved total operating revenue of 2.324 billion yuan, a year-on-year decrease of 24.21% [2][4]. - The net profit attributable to shareholders was 7.6024 million yuan, reflecting a year-on-year decline of 94.7% [2][4]. - The net profit after deducting non-recurring gains and losses decreased by 111.10% compared to the previous year [4]. Segment Performance - Revenue from the equipment manufacturing segment decreased by 37.44%, attributed to a reduction in contract orders during the reporting period [4]. - Domestic business revenue in the equipment manufacturing segment fell by 36.36%, primarily due to fewer projects compared to the previous year [4]. Cash Flow - The net cash flow from operating activities decreased by 175.1% compared to the same period last year, mainly due to a reduction in cash received from sales of goods and services [4]. Future Plans - The company plans to provide guarantees totaling no more than 655 million yuan to its subsidiaries over the next 12 months [6]. - The estimated amount for related party transactions for 2025 is projected to be no more than 1.5 billion yuan [6].