Core Viewpoint - Hangzhou Garden has demonstrated a strong commitment to shareholder returns through consistent cash dividends since its IPO in 2017, totaling 77.1758 million yuan over eight years, despite challenges in the macroeconomic environment [1] Group 1: Financial Performance and Shareholder Returns - The company has implemented cash dividends for eight consecutive years, reflecting its dedication to shareholder interests [1] - Cumulative dividends amount to 77.1758 million yuan, showcasing a stable dividend policy [1] Group 2: Industry Challenges and Company Strategies - The landscaping industry faces challenges such as economic slowdown and reduced budgets for municipal landscaping projects [1] - Hangzhou Garden has adapted by strengthening cooperation with existing clients and exploring new markets like ecological restoration and rural revitalization, which are supported by policies and have significant market potential [1] Group 3: Research and Development - The company has increased its R&D investment, with the proportion of R&D expenses to revenue rising to 7.19% in 2024 from 5.37% in 2023 [2] - Innovative design solutions have established a strong reputation in the landscaping design sector, contributing to the company's competitive edge [2] Group 4: Project Management and Execution - Hangzhou Garden employs digital management techniques for real-time monitoring of project processes, ensuring timely delivery and cost control [2] - The company has received accolades, such as the 2023 West Lake Cup for quality engineering, enhancing its market competitiveness [2] Group 5: Business Expansion and Future Outlook - The company is advancing the overseas listing of its subsidiary, which is expected to create new growth opportunities and enhance valuation [3] - Hangzhou Garden plans to optimize project management processes and explore new business models, such as urban renewal projects and smart landscaping collaborations, to improve resilience and profitability [3]