Financial Performance - In 2024, the company achieved operating revenue of 702 million CNY, a year-on-year increase of 19.37% [4] - The total profit for 2024 was 149 million CNY, reflecting a growth of 6.16% [4] - The net profit attributable to ordinary shareholders was 130 million CNY, up by 6.59% year-on-year [4] - In Q1 2025, the operating revenue reached 144 million CNY, with a net profit of 20.86 million CNY [4] Market Position and Competitive Advantages - The company has over 20 years of experience in the high-performance eco-friendly zinc-manganese battery sector, establishing significant competitive advantages in product performance, process equipment, quality management, customer resources, R&D, and green production [2] - As a leading manufacturer of zinc-manganese batteries in China, the company’s product quality has reached international advanced levels, securing a notable share in the international market [3] Product Development and Future Prospects - The upcoming button lithium-manganese battery product is characterized by its small size, light weight, long storage life, and high safety, with applications in various electronic devices [3] - The new production and smart factory renovation project for button lithium-manganese batteries is expected to be completed by Q4 2025, with stable order expectations already established through proactive market engagement [3] Industry Overview - The global zinc-manganese battery market has matured, with stable demand and a competitive landscape, particularly in developed countries where brands like Kingbo and Energizer perform well [5] - The domestic zinc-manganese battery industry is characterized by high marketization and a stable competitive structure, with several companies meeting global market demands [5]