Group 1: Financial Performance - The company's 2024 annual revenue reached 645 million CNY, representing a year-on-year growth of 27.37% [6] - The net profit for 2024 was 141 million CNY, an increase of 22.24% compared to the previous year [7] - The company declared dividends exceeding the total net profit for 2024, indicating confidence in future profitability [4] Group 2: Research and Development - R&D expenses decreased by 22.37% in 2024, primarily due to adjustments in product strategy and organizational optimization [3] - The total number of R&D personnel has declined for two consecutive years, with a reduction of over 31% in both undergraduate and master's degree holders [2] - The company invested 19.77 million CNY in R&D in 2024, accounting for 3.07% of total revenue [5] Group 3: Market and Product Development - High-performance modified nylon (PEMARON) generated revenue of 355 million CNY, up 29.23% year-on-year [5] - The company is focusing on expanding its market presence in emerging fields such as low-altitude economy and precision components for smart robotics [6] - The automotive sector generated revenue of 68.51 million CNY in 2024, reflecting a growth of 15.84% [6] Group 4: Strategic Initiatives - The company is committed to sustainable development, implementing green production processes and promoting the use of biodegradable materials [7] - Plans to enhance supply chain management and cost control are in place to improve competitiveness [6] - The company is considering the suggestion of capitalizing reserves to increase share capital, depending on operational conditions and market environment [4]