Group 1: R&D and Innovation - The company has increased its R&D investment significantly, resulting in 21 new patents acquired during the reporting period, totaling 97 patents, which enhances its product development advantage [1][2] - Collaboration with research institutions and advanced technology companies has been established to develop cutting-edge technologies in circuit safety [1] Group 2: Business Performance - The electronic fuse business experienced rapid growth in 2024, with a focus on expanding new products and applications in the mid-to-high-end home appliance market [3] - The company's performance in the power fuse sector was driven by the recovery of the domestic economy and the rapid development of new production capabilities, leading to increased demand [4] Group 3: Market Expansion - The company has optimized its product structure in the renewable energy sector, with revenue from renewable energy fuses accounting for nearly two-thirds of its main business income, establishing it as a core business [5] - Efforts to explore the electric vehicle market and enhance communication with research institutions are underway to solidify future market positioning [6] Group 4: Regulatory Concerns - The company's actual controller is under investigation, but normal business operations continue, and the company is monitoring the situation closely [6]

Group 1: Financial Performance - In 2024, the company achieved operating revenue of 376 million yuan, a year-on-year increase of 39.73%, and a net profit attributable to shareholders of 36.7 million yuan, up 102.36% [1] - For Q1 2025, the company continued its strong growth, reporting operating revenue of 101 million yuan, a 55.59% increase year-on-year, and a net profit of 17.33 million yuan, up 186.08% [1] Group 2: Business Focus and Market Position - The company is focusing on the renewable energy sector, building a comprehensive product system that includes wind power, solar energy, energy storage, and charging facilities, with the core business of power fuses showing significant growth [2] - In the renewable electric vehicle market, the company is enhancing its technological reserves through industry-academia-research cooperation to solidify its future market positioning [2] Group 3: R&D and Operational Efficiency - In 2024, the company invested 21.63 million yuan in R&D, a year-on-year increase of 11.02%, focusing on advanced technologies such as circuit safety components and incentive fuses [3] - The company is advancing its digital transformation by integrating various management systems, significantly improving operational decision-making efficiency [3] Group 4: Strategic Outlook - Analysts indicate that the company has successfully optimized its business structure by seizing opportunities in the renewable energy industry, which may open broader growth prospects due to its technological barriers and market advantages in the power fuse sector [4]