Core Viewpoint - The company, Feng'an Co., Ltd. (870508), is actively engaging with investors regarding its business operations, financial performance, and future growth strategies, particularly in the agricultural machinery gear sector. Group 1: Business Operations and Financial Performance - The company reported a main revenue of 44.66 million yuan in Q1 2025, representing a year-on-year increase of 7.62% [5] - The net profit attributable to shareholders was 10.26 million yuan, up 6.7% year-on-year, while the net profit after deducting non-recurring gains and losses was 8.63 million yuan, reflecting a 7.08% increase [5] - The company maintains a debt ratio of 15.03% and reported investment income of 2.17 million yuan, with financial expenses at -0.0849 million yuan and a gross profit margin of 33.73% [5] Group 2: Strategic Initiatives and Market Position - The company is focused on optimizing its product structure, gradually expanding from primarily producing agricultural machinery gears to include electric forklifts, engineering machinery gears, and large tractor gears [4] - The company is actively exploring new markets and customer bases to reduce reliance on a single client, particularly in light of the concentration trend in the Chinese agricultural machinery market [4] - The company is currently not involved in the research and development of gears for new energy vehicles or robotics [4] Group 3: Response to Market Conditions - The company indicated that international trade tensions have minimal impact on its operations and the agricultural machinery industry as a whole [3] - The company is enhancing its production capabilities through technological upgrades and automation to improve product quality and efficiency [3] - The company has products entering the Southeast Asian market, indicating a strategy to expand its international presence [3]