Core Viewpoint - The company has implemented a "Quality Improvement and Efficiency Enhancement" action plan for 2024, aimed at improving operational quality and profitability, thereby enhancing investment value and protecting investors' rights [1][2]. Group 1: Company Development and Operational Quality - The company focuses on structural optimization and production-sales coordination, targeting growth markets and customers, with an increased proportion of high-end products [2]. - The company has launched a zero-carbon intelligent manufacturing base in Huai'an, which includes a 233MW wind power project, reinforcing its position in the electronic-grade glass fiber market [3]. - The company has achieved significant milestones in innovation, including 125 patent authorizations in a year, with a focus on automation and production efficiency [4]. Group 2: Governance and Investor Relations - The company is committed to enhancing its governance structure, ensuring compliance with laws and regulations, and protecting the rights of investors, particularly minority shareholders [6][7]. - The company has organized multiple shareholder meetings and board meetings, ensuring compliance with relevant regulations and enhancing transparency [7]. - The company emphasizes high-quality information disclosure, having published 85 announcements in 2024 to improve clarity and accessibility for investors [8][9]. Group 3: ESG Management and Sustainable Development - The company has made significant strides in ESG management, achieving an MSCI ESG rating of "A" and a Wind ESG rating of "AA" [10]. - The company has published its first "Double Carbon" work outline and received the industry's first carbon management system certification, demonstrating its commitment to sustainability [10][11]. Group 4: Investor Returns and Profit Distribution - The company has a robust profit distribution policy, committing to a cash dividend of at least 30% of net profit attributable to shareholders, with a total cash dividend of 10.574 billion yuan since its listing [12]. - In 2025, the company plans to distribute cash dividends amounting to approximately 960.75 million yuan, representing 39.30% of net profit, marking the highest payout ratio in nearly eight years [12].