Group 1: Company Performance - The company achieved a net profit of 54.68 million RMB in 2024, representing a year-on-year increase of 180.02% [3] - The company's self-operated exports accounted for 18.61% of total revenue, with exports to the U.S. approximately 20 million RMB, about 1% of total revenue [9] - The company has a total of 124 valid patents, including 61 invention patents, which support product differentiation [11] Group 2: Cost Control and Efficiency - Key measures for cost reduction include enhanced raw material procurement management and improved utilization of leased factories and warehouses [4] - The company invested 64.45 million RMB in R&D activities in 2024, focusing on technological advantages to enhance industry leadership [9] - The utilization rates for face masks and skincare products were 33.51% and 35.89%, respectively, in 2024 [5] Group 3: Market Strategy and Future Plans - The company aims to become an international first-class cosmetics manufacturing service provider, focusing on customer and product strategies [6] - Plans for 2025 include accelerating digital transformation and enhancing core technology innovation [8] - The company will continue to explore the silver economy, leveraging the growing demand for anti-aging products [4] Group 4: Governance and Shareholder Relations - The company emphasizes investor relations through various channels, including performance briefings and shareholder meetings [4] - There are no current plans for restructuring or significant shareholder changes, maintaining a stable governance structure [19] - The company has implemented a share buyback plan, repurchasing 18,007,500 shares, which represents 3.49% of total share capital [13]