Core Insights - The company reported a revenue of 7.847 billion yuan for 2024, representing a year-on-year increase of 14.16%, and a net profit of 64.9824 million yuan, up 330.15% year-on-year [1] - The company has established a complete industrial chain from upstream raw materials to downstream heat exchange component manufacturing, focusing on high value-added areas [1] Group 1: Business Performance - The company's cash flow from operating activities reached 114 million yuan, with a year-on-year growth of 152.23% [1] - The subsidiary Shandong Xinyuan achieved a revenue of 909 million yuan in 2024, a year-on-year increase of 56.94%, and a net profit of 170 million yuan, up 206.77% [2] - The company plans to invest 350 million yuan in three phases to build new structural components and intelligent equipment manufacturing projects [2] Group 2: Market Position and Strategy - The subsidiary Tai'an Dingxin has expanded its product lines to cover traditional and new energy markets, achieving significant breakthroughs in heavy truck markets [3] - Tai'an Dingxin sold 232,000 sets of complete cooling modules in the heavy truck market, showcasing a strong competitive advantage [3] - The company anticipates growth driven by government policies promoting vehicle upgrades and the rapid growth of new energy and natural gas heavy trucks [3] Group 3: Research and Development - The company holds a total of 405 authorized patents, including 84 invention patents, and has established national-level research platforms to support innovation [4] - The company's technological research and development capabilities are positioned at the forefront of the industry [4]