Group 1: Impact of Nickel Price - The recent rise in nickel prices has not significantly impacted the company's performance due to effective procurement strategies and pricing adjustments [1] - The company uses a cost-plus pricing model based on the spot market prices of electrolytic nickel and other metals, with adjustments for market conditions and customer factors [1] Group 2: Product Types and Applications - The company produces small and medium-sized components, including special structural parts, standard fasteners, high-strength fasteners, seals, and actuators, primarily for the aerospace sector [1] - There is potential for expansion into high-end equipment manufacturing in fields such as gas turbines, high-speed rail, marine, and petrochemicals [2] Group 3: Future Development Strategy - The company aims to consolidate its existing main business products while focusing on the development of high-end civilian products [2] - Future goals include establishing a product structure based on military and high-end civilian product support to ensure sustainable high-quality development and increased investor returns [2] - The company is committed to advancing in the high-temperature alloy and advanced metal materials industry, targeting high-performance alloy materials and products for aerospace, naval, and energy sectors [2]

Group 1 - The company's subsidiary produces small and medium-sized components primarily used in the aviation sector, with potential applications in high-end equipment manufacturing such as gas turbines, high-speed trains, ships, and petrochemicals [1] - The current production capacity of Shenyang Tunan Precision Parts Manufacturing Co., Ltd. is 500,000 aviation-related components annually, while the construction of an automated production line with a capacity of 10 million components per year is ongoing at Shenyang Tunan Intelligent Manufacturing Co., Ltd. [1] - No significant new construction projects are planned for the subsidiary beyond the aforementioned production capacity developments [1]