Financial Performance - The company's overall loss has expanded by 23% compared to the previous year, primarily due to non-recurring losses totaling -15.99 million yuan, with financial instrument losses amounting to -29.92 million yuan attributed to impairment of equity investments [2][4] - Regular profit losses have narrowed by 43% compared to the previous year [2][4] Future Growth Drivers - Future profit growth will be driven by expanding product sales, particularly in the renewable energy sector, shifting focus from building electric vehicle charging stations to selling charging equipment [3][4] - The company has developed a megawatt-level flexible charging pile that has passed CE and UL certifications, facilitating expansion into overseas markets, especially the U.S. [3][4] Industry Context - The company operates in a favorable environment with the rise of renewable energy and the acceleration of digital transformation in the power grid, creating new growth points and significant market demand [4][5] - Despite recent poor performance, the company has been investing heavily since 2021 in charging infrastructure, leading to its first operational loss and four consecutive years of losses [4][5] Market Outlook - The current phase of China's power system development presents broad opportunities for the power equipment industry, driven by increased investment in infrastructure and energy structure optimization [5] - The market for electric vehicle charging infrastructure is expected to grow significantly, with the penetration rate of new energy vehicles reaching 51.5% by April 2025, marking a transition to a predominantly electric phase [5]

Group 1: Market Strategy and Expansion - The company plans to accelerate international market development and strengthen its international sales network in 2025 [2][3] - It aims to deepen domestic channel construction, creating a diversified distribution network across the country while enhancing terminal sales and service capabilities [3][4] - The company will improve its new energy charging equipment system and promote it through various cooperation methods [3][4] Group 2: Research and Development Focus - The company will focus on the development of the "integrated parking and charging" platform, integrating smart parking and charging management to support smart city and new energy infrastructure [3][4] - Expected R&D outcomes in 2025 include several patents that enhance product performance and applicability, such as a multifunctional gear transmission system [3][4] - The software platform will be optimized to provide real-time sharing of information between parking lots and charging stations, improving user experience [3][4] Group 3: Risk Management and Cost Control - The company will optimize supplier management and broaden raw material supply channels to mitigate the impact of raw material price fluctuations [4] - It will engage in cost control measures and strategic cooperation with raw material manufacturers to stabilize procurement prices [4] - The company is aware of challenges in overseas market expansion, including technical standard differences and increased supply chain costs [4] Group 4: Shareholder Returns and Future Planning - The company will consider reasonable returns for shareholders while ensuring stable development and may optimize its dividend policy accordingly [4] - Future industry layout will focus on the "integrated parking and charging" strategy, aligning with technological advancements and market needs [4]