Group 1: Company Overview and Operations - The company has established a production base in Mexico, which is currently in the capacity ramp-up stage and is progressing as planned [2] - The company’s main products include data cables, new energy cables, and ordinary cables, primarily used in the automotive, energy storage, and data center industries [3] - The company has entered into partnerships with major automotive manufacturers such as BYD, Tesla, and General Motors [2] Group 2: Financial Performance and Projections - The company plans to hold the 2024 annual shareholder meeting on May 12, 2025, to review the profit distribution proposal [3] - The first quarter net profit increased due to improved product structure, reduced financial costs, and enhanced customer payment efficiency [7] - The company expects steady production and sales growth throughout 2025, with specific performance details to be announced in future disclosures [7] Group 3: Market Demand and Product Applications - The company’s products are increasingly being used in various models from BYD, including those with advanced driving capabilities [8] - The demand for new energy cables is rising as the penetration rate of new energy vehicles continues to increase [11] - The company is also exploring applications for its products in humanoid robots and low-altitude flying vehicles [11] Group 4: Competitive Advantages and Strategic Plans - The company’s competitive advantages include brand strength, scale, management efficiency, cost competitiveness, technological leadership, and quality superiority [10] - Future strategies involve strengthening core business operations, increasing R&D investment, and enhancing product quality and performance [7] - The company aims to maintain and expand relationships with existing customers while exploring new market opportunities [7]