Group 1: Company Performance and Strategy - The company aims to enhance profitability and market share by leveraging its advantages in quartz crystal components [1] - In 2024, the comprehensive gross margin is projected to be 5.64%, a decrease of 0.37 percentage points year-on-year, primarily due to a decline in sales prices [2] - The company plans to increase sales and R&D investments in the crystal oscillator business to maintain growth [2] Group 2: Production Capacity and Utilization - The new workshop designed for 2024 has an annual production capacity of 6 billion units, with the current utilization rate steadily improving [2] - The company reported that the chip procurement cost in 2024 accounts for less than 50% of total raw material costs [13] Group 3: Client and Revenue Insights - In 2024, the top five customers account for 38.25% of total sales, with the largest customer not being Sony or Samsung [5] - Revenue from electric vehicle clients, including BYD and Leap Motor, is expected to be less than 15% of total sales in 2024 [5] Group 4: Research and Development - The company plans to focus on high-frequency and ultra-high-frequency products to increase sales and market share [3] - In 2024, the company will introduce 7 new patents, although none will involve breakthroughs in automotive-grade crystal oscillators [5] Group 5: Financial Health and Market Position - The company is actively seeking new business opportunities and profit growth points to address concerns about maintaining its listing status [5] - As of May 9, 2025, the number of registered shareholders is 17,957 [13]