Core Viewpoint - Zhejiang Shuangyuan Technology Co., Ltd. has disclosed its "Quality Improvement, Efficiency Enhancement, and Return to Shareholders" action plan for 2025, aiming to enhance shareholder value and investor confidence while promoting sustainable development [1] Group 1: Enhancing Operational Quality - Fundraising projects are progressing as planned, with the headquarters building under renovation and expected to be occupied in 2025, which will help alleviate capacity bottlenecks and enhance R&D capabilities [1] - The company is improving its management level by streamlining organizational structures, simplifying business processes, and enhancing internal controls, which aims to boost overall operational efficiency [1] Group 2: Accelerating Development of New Productive Forces - The company is increasing R&D investment, focusing on high-precision sensors and machine vision technology, with R&D expenses amounting to 19.65 million yuan in the first half of 2025 and a workforce of 121 R&D personnel [2][3] - The company has completed the development of its fully automated wafer AOI detection system and online spectral measurement system, with initial orders received for the wafer defect detection system [2] Group 3: Improving Corporate Governance - The company is enhancing its governance structure and internal controls, having held one shareholders' meeting, one board meeting, and three committee meetings in the first half of 2025, ensuring effective decision-making and oversight [5] Group 4: Strengthening Accountability - The company is establishing a clear division of responsibilities and efficient workflows, reinforcing compliance awareness among key personnel, and ensuring integrity in operations [5] Group 5: Enhancing Investor Returns - The company has completed its first share buyback, repurchasing 543,996 shares at an average price of 55.16 yuan per share, totaling approximately 30 million yuan [6] - The company has announced a cash dividend of 1.072 yuan per share for the 2024 fiscal year and plans to distribute 1.25 yuan per 10 shares for the mid-2025 dividend, amounting to approximately 7.32 million yuan [6] Group 6: Strengthening Investor Communication - The company is committed to transparent information disclosure and has actively engaged with investors through various channels, including performance briefings and investor interaction platforms [6] Group 7: Other Matters - The company will continue to evaluate the execution of its action plan and is focused on innovation and strengthening its core business to enhance competitiveness and profitability [7]

Core Insights - The company reported a significant decline in both revenue and net profit for 2024, with total revenue at 386 million yuan, down 10.01% year-on-year, and net profit attributable to shareholders at 86.86 million yuan, down 34.92% year-on-year [1][4] - The slowdown in the new energy sector has been identified as a major factor contributing to the decline in performance, with reduced orders and slower acceptance of customer equipment [4] Revenue and Profit Performance - Total revenue for 2024 was 386 million yuan, a decrease of 10.01% compared to the previous year [1][4] - Net profit attributable to shareholders was 86.86 million yuan, reflecting a year-on-year decline of 34.92% [1][4] - Non-recurring net profit fell by 42.81% to 69.39 million yuan [1][4] - In contrast, the company experienced revenue growth of 15.46% and net profit growth of 38.33% in 2023 [4] Impact of New Energy Sector - The decline in performance is largely attributed to a slowdown in investment within the new energy sector, leading to fewer orders for related equipment manufacturing [4] - The company recorded credit impairment losses and asset impairment losses totaling approximately 30.56 million yuan, which significantly impacted total profit [4] R&D Investment and Semiconductor Progress - Despite the overall poor performance, the company increased its R&D expenditure to 41.51 million yuan, a rise of 30.14% year-on-year [5] - The number of R&D personnel grew by 7.69%, with new research directions including automotive assembly testing and semiconductor wafer testing [5] - The company has developed prototypes for automated wafer AOI detection systems and online spectral measurement systems, marking its entry into the semiconductor measurement field [5] AI Technology and International Market Expansion - The company has made progress in AI technology applications and international market expansion, focusing on industrial applications of AI software [6] - Products have been sold to various countries, including the USA, Vietnam, and Turkey, although short-term revenue contributions from these markets remain limited [6] - The company plans to prioritize domestic market demand and continue efforts in domestic substitution in the near term [6]