Core Viewpoint - The company, Kaizhong Precision, reported significant growth in its 2024 annual results, driven by its focus on the electric vehicle (EV) sector and continuous R&D investment [1][2] Financial Performance - In 2024, the company achieved a net profit attributable to shareholders of 170 million yuan, representing a year-on-year increase of 121.73% [1] - The non-recurring net profit was 154 million yuan, up 89.54% year-on-year [1] - The net cash flow from operating activities was 386 million yuan, reflecting a growth of 50.03% compared to the previous year [1] - The company proposed a dividend distribution plan of 1.53 yuan per 10 shares (including tax) for all shareholders [1] Business Growth Drivers - The primary factors driving the company's performance include its focus on the three core components of electric vehicles: power batteries, drive motors, and electronic control systems, as well as intelligent driving and automotive lightweighting [1][2] - The company has established partnerships with leading domestic and international automotive manufacturers, including Daimler, Toyota, and Bosch, enhancing its market presence [1][2] Market Trends - The global energy transition has accelerated the growth of the EV market, leading to increased demand for high-performance components in electric vehicle systems [2] - The company has leveraged years of experience and innovation to enhance its product design, mold development, and production quality, positioning itself as a competitive player in the precision component market [2] Future Plans - For 2025, the company aims to focus on high-growth sectors, strengthen core technological capabilities, accelerate localization efforts, and deepen its commitment to ESG sustainability [2]