Core Viewpoint - Tianhong Lithium Battery reported significant revenue growth in 2024 and a positive trend in Q1 2025, driven by increased demand in various sectors including electric vehicles and energy storage [1][2]. Financial Performance - In 2024, the company achieved operating revenue of 394 million yuan, a year-on-year increase of 37.15% [1] - The main business revenue grew by 29.88% due to the new distributed energy storage cabinet business and increased demand for electric motorcycles [1] - In Q1 2025, the company reported operating revenue of 102 million yuan, up 8.98% year-on-year, and a net profit attributable to shareholders of 3.0181 million yuan, reflecting a 54.13% increase in profitability [1] Market Expansion - The company is actively expanding into the Central and South American electric motorcycle markets while maintaining stability in the European and American markets, achieving notable market share growth [2] - In the domestic market, the company has launched a series of lithium battery products for three-wheeled vehicles, tailored to various climatic conditions and terrains, laying the groundwork for market expansion in 2025 [2] Product Development and Innovation - Tianhong Lithium Battery focuses on R&D, with 14.5123 million yuan spent on R&D in 2024, a 35.51% increase [3] - The company has developed a 215KWh distributed energy storage cabinet and is implementing intelligent scheduling strategies to help industrial clients reduce costs and improve efficiency [1][3] - The company has received 24 domestic and international patents, including 3 invention patents, and adheres to ISO9001 quality certification standards [3] Industry Trends and Strategic Direction - The lithium battery industry is expanding into new applications such as AI computing, robotics, and deep-sea equipment, driven by technological advancements [4] - Tianhong Lithium Battery plans to extend its product applications across various sectors, including electric two-wheelers, special vehicles, industrial equipment, and commercial energy storage [4] - The company aims to provide high-quality, reliable, and intelligent lithium battery products while focusing on flexible production and global layout to navigate industry challenges [4]