Financial Performance - In 2024, the company achieved total revenue of CNY 1.512 billion, with a net loss of CNY 130 million, primarily due to a significant decline in sales of can/cap equipment and unfulfilled overseas sales in Q4 [2][3] - In Q1 2025, the company reported total revenue of CNY 533 million, a year-on-year increase of 54.86%, with a net profit of CNY 11.59 million, indicating improved performance [3] Battery Shell Business - In 2024, the battery shell business generated revenue of CNY 1 billion, a year-on-year growth of 51.41%, maintaining double-digit growth [4] - The gross margin for the battery shell business decreased compared to the previous year due to raw material price fluctuations and competitive pressures in the automotive industry [3][4] Robotics Expansion - The company established a wholly-owned subsidiary, Suzhou Sleek Robot Co., Ltd., in February 2025, to invest in the mass production of harmonic reducer components for humanoid robots [5][6] - A strategic cooperation framework agreement was signed with He Shi Industrial Technology Co., Ltd. to enhance collaboration in key robotic components and software [6] Traditional Business Outlook - The traditional can/cap equipment sector has faced cyclical fluctuations, with a decline in revenue due to weak demand in the beverage packaging market [6] - The company anticipates a recovery in 2025, with a balanced supply and demand in the beer and beverage can production [6] Product Development and Innovation - New production lines for square cans have been launched, significantly improving production efficiency and quality [7] - The company is actively expanding its customer base for battery shells, with notable clients including CATL, EVE Energy, and Ganfeng Lithium [7]