（编辑 丛可心 王雪儿） 证券日报网讯 12月22日，万里马在互动平台回答投资者提问时表示，公司控股子公司杭州宇岛科技有 限公司业务范围以直播电商、品牌代运营为主。广州超琦信息科技有限公司主要聚焦母婴及户外运动大 健康领域，通过天猫、京东等电商平台开展电商业务。公司在聚焦单兵单警防护产品的同时和电商渠道 双向发力，围绕军工产品+直播电商打造关键性竞争能力。未来，公司将持续投入并不断加大团购和电 子商务渠道的开拓力度，持续拓展和培育高品质品牌，通过超琦电商香港子公司进一步与国外知名品牌 进行合作及开展跨境电商业务，拓宽业务范围，聚焦中产阶级需求，把握消费提振大趋势。 ...

Financial Performance and Recovery Strategy - The company has experienced three consecutive years of losses primarily due to unexpected factors and intensified industry competition, leading to a decline in main business revenue and fixed costs impacting profits [2] - In 2025, the company aims to achieve profitability by focusing on individual soldier and police protective products while expanding e-commerce channels and enhancing internal control mechanisms [2][3] Business Growth and Market Expansion - The company plans to increase investment in group purchasing and e-commerce channels while strategically reducing offline channels and closing unprofitable stores to enhance profitability [3] - As of the end of 2024, the company operates 34 direct and agency stores, with plans to maintain this number while exploring community and pop-up store models after market research [3] Cost Control Measures - The company is implementing refined cost control mechanisms and enhancing accounts receivable management to improve cash flow and operational efficiency [3][4] Revenue Contribution from Subsidiaries - In 2024, the revenue contribution from the subsidiary Chaoki Technology was 18.11%, while Yudao Technology contributed 17.88% to the company's total revenue [4] Future Growth Potential - The company anticipates growth potential driven by increasing consumer spending, government support for domestic brands, and stable growth in national defense spending, which will benefit the military and police equipment market [3][4] International Expansion Plans - The company is actively exploring foreign trade markets and has established a dedicated export team to capitalize on opportunities arising from global geopolitical tensions [4]