Financial Performance - In 2024, the company achieved total revenue of ¥548,819,600, a year-on-year increase of 1.59% [2] - The net profit attributable to shareholders was ¥52,922,670.43, a decrease of 15.47% compared to the previous year [2][3] - In Q1 2025, the company reported revenue of ¥184,833,088.79, a significant increase of 94.42% year-on-year, and net profit of ¥24,584,587.94, up 280.84% [3] Growth Drivers - The company plans to focus on stabilizing its main business while actively exploring new growth points, aiming to create a second growth curve [4] - Key strategies include enhancing business development with new and existing clients, and continuous product innovation in high-efficiency and energy-saving technologies [4][5] - The company is strategically positioned in several niche markets, including electric drive systems for non-road new energy equipment and lithium battery charging solutions for drones [4][6] Industry Outlook - The industry has shown signs of recovery since Q2 2024, with overall performance improving [6][7] - Exports of small general machinery and generator sets have rebounded, indicating a positive trend in the market [7] - The company has made strategic investments in various segments, including electric drive systems and hydrogen power solutions, to align with market trends [7][8] Project Updates - The "Electric Drive System Project" has met its expected goals and is set to conclude in December 2024, focusing on non-road new energy power equipment [8][9] - Products have completed small batch certifications with leading industry clients, indicating readiness for market entry [9]