Financial Performance - In 2024, the company's operating revenue increased by 28.22% year-on-year, while the net profit attributable to shareholders decreased by 91.32% [1] - The decline in net profit is attributed to several factors, including underperformance of production lines and increased fixed costs [2] - R&D expenses increased by over 40 million yuan compared to the previous year, contributing to financial pressure [2] Strategic Initiatives - The company is focusing on enhancing production line efficiency through flexible and automated designs [2] - Internal spending will be controlled, prioritizing product lines with strong cash generation capabilities [2] - The company plans to manage accounts receivable and inventory to alleviate financial pressure [2] Business Development - The company is committed to deepening its core business in electric motor components while exploring new business opportunities, particularly in robotics and new energy sectors [3] - In 2024, the automotive parts segment saw a revenue increase of 39.91%, while electric bicycle parts grew by 3% and ice machine parts by 23% [7] Market Positioning - The company has invested nearly 600 million yuan in R&D since its transition to the new energy sector, maintaining a competitive edge in the market [4] - The company aims to strengthen its core competencies through a comprehensive technical service system and rapid product development [8] Dividend Policy - The company plans not to distribute cash dividends or issue bonus shares in 2024, focusing on maintaining financial stability [6] - Cumulative dividends since the company's listing amount to approximately 350 million yuan [6] Emerging Markets - The company has initiated projects in the low-altitude economy and humanoid robotics sectors, with plans to formally establish a robotics division in 2025 [9][10] - The company is actively pursuing digital and intelligent manufacturing advancements, achieving recognition for its smart factory initiatives [10]