Core Viewpoint - The company is currently operating at high capacity utilization in its production bases and has sufficient orders on hand, with plans to expand production capacity and enhance revenue through new projects [1] Group 1: Production and Capacity - The company reports that both its Jiaxing and Vietnam production bases are maintaining high capacity utilization rates [1] - The company is accelerating the development of high-performance environmentally friendly alkaline and carbon batteries, as well as the construction and intelligent transformation of button lithium manganese battery projects to further expand advanced manufacturing capacity [1] Group 2: Financial Management and Shareholder Relations - After completing the share repurchase for the 2024 fiscal year, the company currently has no plans for further stock buybacks, but will follow regulatory procedures for any future actions [1] - The company emphasizes the importance of market value management and shareholder returns, committing to improve operational efficiency and quality, enhance information disclosure, and strengthen communication with investors [1]

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]