Core Points - The company has completed the cancellation of certain fundraising special accounts as the projects funded by the initial public offering have been concluded and surplus funds will be permanently used to supplement working capital [1][3] Fundraising Overview - The company raised a total of RMB 506.66 million through the issuance of 34,990,000 shares at a price of RMB 14.48 per share, with a net amount of RMB 443.29 million after deducting issuance costs of RMB 63.36 million [1] - The funds were deposited in special accounts established in compliance with regulations to ensure proper management and protection of investor rights [2] Fund Management and Account Cancellation - The company established a fundraising management system to regulate the storage, use, and changes in the direction of the funds, ensuring that the funds are used specifically for their intended purposes [2] - As of the announcement date, the company had opened five fundraising special accounts with various banks, which have now all been canceled following the completion of the relevant projects [3]

Core Viewpoint - The company reported a significant decline in net profit for 2024, indicating challenges in the market and competitive pricing pressures, while also making strides in technology and product development across its business segments [1]. Group 1: Financial Performance - In 2024, the company achieved an operating revenue of 2.35 billion yuan and a net profit attributable to shareholders of -222.3 million yuan [1]. Group 2: Industrial Automation Business - The company faced challenges such as market demand shrinkage and price competition, but managed to significantly reduce average monthly inventory through improved inventory management [1]. Group 3: Industrial Information Technology Business - Continuous investment in the research and development of proprietary software and hardware products led to the successful integration of AI, big data analysis, and cloud computing in the second-generation industrial intelligent network management software, enhancing equipment operation efficiency and stability [1]. - The iP2C system solution's exploration and implementation in the industry have strengthened customer loyalty, laying a foundation for future business [1]. Group 4: New Energy Business - The new energy sector is a crucial part of the company's strategy, with increased investment in the domestic and international distributed energy storage market and product development during the reporting period [1]. - The company completed the construction of standardized and digital production capabilities, and in the wind power converter sector, it covered both onshore and offshore wind power demands, achieving a shipment volume of 4 GW, along with 1 GW of energy storage PCS products [1]. Group 5: Business Segments Overview - The company's main business includes three major segments: industrial electrical automation, industrial information technology, and new energy, providing comprehensive product solutions and technical services for automation and intelligent production scenarios, digital and intelligent solutions for factories and infrastructure, and specialized equipment and systems for new energy power and storage [2].