Group 1: Company Performance Overview - In 2024, the company achieved a revenue of CNY 56.021 billion, representing a year-on-year growth of 17.05% [1] - The net profit attributable to shareholders was CNY 1.468 billion, up 36.43% year-on-year [1] - The net profit excluding non-recurring gains and losses reached CNY 1.605 billion, marking a 64.99% increase [1] Group 2: Revenue Breakdown by Product Category - Consumer batteries generated revenue of CNY 30.405 billion, a growth of 6.52% [1] - Electric vehicle batteries saw revenue of CNY 15.139 billion, increasing by 40.24% [1] - Energy storage systems achieved revenue of CNY 1.889 billion, with a significant growth of 70.19% [1] - Other business segments contributed CNY 8.588 billion, reflecting a 15.83% increase [1] Group 3: Key Growth Drivers - The growth in consumer battery business is attributed to AI applications and increased battery capacity leading to higher ASP [1] - The electric vehicle segment's growth is driven by increased shipments from existing clients and new customer acquisitions [2] - The company plans to adjust the shipment ratio of lithium iron phosphate to ternary batteries, currently at approximately 7:3 [2] Group 4: International Expansion and Dividends - The company is accelerating its overseas expansion with projects in Vietnam, Hungary, and Thailand [2] - A cash dividend of CNY 1.50 per 10 shares is proposed, totaling CNY 274.68 million, which is 49.25% of the net profit attributable to shareholders [2]