Core Viewpoint - The company aims to improve its customer structure and product categories in the consumer electronics sector, focusing on the development of key products to enhance profitability in its power supply business [1]. Group 1: Business Performance - In the saw cutting sector, the company maintained stable revenue of 669 million, with a gross margin of 43.41%, indicating good profitability [2]. - The subsidiary, Meite Sen, achieved revenue of 103 million, reflecting a year-on-year growth of 11.45% [2]. - The company has strengthened its integrated cooperation model with manufacturers, fostering a positive industrial ecosystem [2]. Group 2: Product Development - The company successfully developed a toothless product, TCB-EMP, and achieved revenue of 413 million from mid-to-high-end saw cutting products, with hard alloy band saws and wide band saws growing by 2.42% and 2.12% respectively [3]. - The company has established sales partnerships with over 50 countries and regions, leveraging product quality and production capacity to expand its international market presence [3]. Group 3: Power Supply Business - The power supply business experienced a revenue decline due to increased competition and capacity ramp-up, but the AI terminal trend is expected to drive demand [4]. - The company reported a revenue of 176 million from its high-power power supply business, marking a year-on-year growth of 30% [4]. - The company has made significant shipments in smart photovoltaic and energy storage products, positioning itself to capitalize on opportunities in data center power and charging station sectors [4]. Group 4: Future Growth Potential - The company has obtained IATF16949 automotive certification, indicating that automotive power supplies could become a new growth point [5]. - The company is expanding its workforce in the high-power power supply sector and accelerating the development of key products such as 40KW air-cooled charging modules and 4000W power modules [5].