Core Viewpoint - Chengdu Lihang Technology Co., Ltd. is focusing on high-end aerospace equipment R&D and manufacturing, with a commitment to technological innovation and market expansion, despite facing a decline in net profit and challenges in financial performance [4][18]. Meeting Overview - The 2024 Annual General Meeting (AGM) will cover various proposals including the board and supervisory reports, financial statements, profit distribution plans, and the appointment of audit institutions [3][4][5]. Financial Performance - The company reported a revenue of CNY 289.85 million, a year-on-year increase of 23.54%, while the net profit attributable to shareholders was a loss of CNY 93.94 million, down 37.51% from the previous year [4][18]. - Total assets increased by 5.69% to CNY 1.15 billion, while net assets attributable to shareholders decreased by 11.7% to CNY 720.60 million [4][18]. Innovation and R&D - The company completed 29 out of 35 R&D projects during the reporting period, achieving an 82.9% completion rate and securing 5 invention patents [5][6]. - Emphasis is placed on adapting to technological advancements in smart and information technology, enhancing the existing R&D framework [5][6]. Management and Governance - The board of directors has been active in meeting and decision-making, with a focus on improving management efficiency and internal controls [6][18]. - The company has established a three-year dividend return plan to enhance transparency and protect shareholder interests [6][19]. Market Development - The company is expanding its market presence in both military and civilian aviation sectors, leveraging its technological strengths to diversify its business [7][18]. - Efforts are being made to integrate into the low-altitude economy and enhance the digitalization of products [18][19]. Financial Indicators - Key financial ratios indicate a decline in liquidity, with the current ratio at 1.86, down 41% from the previous year, and the quick ratio at 1.22, down 48% [26]. - The gross profit margin decreased to 6.21%, while the basic and diluted earnings per share were both reported at -1.22, reflecting a 37.08% decline [26]. Future Plans - The company aims to set clear operational goals for 2025, focusing on enhancing business competitiveness and accelerating project construction [18][19]. - Plans include strengthening core technology development and improving governance mechanisms in compliance with legal regulations [19][20].

Meeting Overview - The company held a performance briefing for the fiscal year 2024 and the first quarter of 2025 on May 27, 2025, via the Shanghai Stock Exchange's online platform [1] - Key executives, including the General Manager and Financial Director, participated in the meeting to address investor inquiries [1] Financial Performance - The company reported a significant increase in revenue for the first quarter, particularly in the aircraft ground support equipment and process equipment sectors [1] - R&D expenses for 2024 were approximately 19.81 million yuan, accounting for 6.83% of revenue, remaining stable compared to the previous year [1][2] Order and Delivery Status - The company confirmed that current production orders and delivery schedules are normal, with no significant changes reported [2] - The company is actively working on integrating artificial intelligence into existing products to drive future growth [2] Strategic Initiatives - The company is focused on improving its business structure and expanding into civilian markets while solidifying its military product base [3] - Plans are in place to enhance operational management and efficiency through refined internal controls and cost reduction strategies [3] Challenges and Responses - The company acknowledged the impact of market conditions on product pricing and profitability, emphasizing its strong R&D capabilities and proprietary technologies [4] - The company is committed to addressing performance issues and has set annual operational goals, which are currently on track [3][4]