Core Insights - The company reported a revenue of 630 million yuan for 2024, marking a year-on-year increase of 27.83% and a net profit attributable to shareholders of 10.62 million yuan, with a non-recurring net profit growth of 124.28% [1][2] Financial Performance - The company achieved a revenue of 630 million yuan in 2024, reflecting a 27.83% increase compared to the previous year [1] - The net profit attributable to shareholders reached 10.62 million yuan, while the non-recurring net profit was 7.34 million yuan, showing a growth of 124.28% year-on-year [1] Product Development and R&D - Significant breakthroughs were made in the three electric systems, body, chassis, and seating modules for electric vehicles [1] - The company invested 37.99 million yuan in R&D in 2024, which is a 16.67% increase from the previous year [1] - There are 16 key R&D projects in the automotive sector, including high-precision bushings and quick-positioning bolts, and 9 projects in aerospace, such as welding devices for aluminum processing [1][2] Market Expansion - The company’s sales team actively engaged with clients to understand market needs, resulting in an additional revenue of 137.21 million yuan in 2024 [2] - The company has approximately 212.07 million yuan in hand orders at the end of the reporting period [2] - The overseas market is a strategic focus, with efforts to develop clients in Mexico, including companies like Magna and Valeo [2] Patent and Technology - The company filed 39 new patent applications in 2024, including 28 utility model patents and 11 invention patents [2] - The core technologies mastered by the company cover key processes and production flows for metal and plastic fasteners, showcasing strong competitiveness [2] Product Applications - The company specializes in high-strength precision fasteners and irregular connectors, primarily used in automotive engine turbocharging systems, transmission control systems, and other critical automotive components [2] - In the electric vehicle sector, products are mainly applied in battery trays, chassis, body, and power control systems [2]