Financial Performance - The company's 2024 annual revenue was ¥443,007,956.50, with total operating costs of ¥485,734,631.60, resulting in a net loss of ¥105,034,809.41 [4] - The basic and diluted earnings per share were -0.3249 yuan/share [4] Business Strategy and Measures - The company plans to optimize its capital structure by seeking diversified financing channels, including introducing strategic investors and implementing equity financing to enhance liquidity and improve the balance sheet [3] - Effective measures will be taken to restructure debts, optimize the debt structure, and reduce the debt ratio to improve asset quality [3] - The company aims to enhance the competitiveness of its main business by developing practical plans to improve quality, efficiency, and profitability, increasing R&D efforts, and adjusting product structure based on market demand [3] Industry Outlook - The fine chemical industry is expected to grow, driven by increasing demand for new environmentally friendly materials and electronic materials [5] - The industry is moving towards diversification and refinement, with a focus on high-tech applications and the production of specialized raw materials [5] - The company’s main products include pyridine and nitrated products, which are essential for the agricultural and pharmaceutical sectors [6] Corporate Governance and Control - The actual controller of the company changed to Guangzhou Wanshun Technology Co., Ltd. after a shareholding transfer on July 1, 2023 [6] - As of March 19, 2025, Guangzhou Wanshun Technology Co., Ltd. increased its shareholding by 3.35 million shares, becoming the controlling shareholder [6] Future Plans and Challenges - The company currently does not have a clear restructuring or asset injection plan [4] - There is no debt-to-equity swap plan in place for the over ¥200 million owed to the controlling shareholder [4] - The board is committed to improving the company's operational and financial conditions to mitigate risks and protect shareholder interests [6]