Group 1: Company Performance and Strategy - The company plans to enhance project management and budget management to improve performance and ensure growth in 2025 [1] - In 2024, the company signed new orders worth 1.06 billion yuan, a decrease compared to the previous year [30] - The company aims to strengthen its market presence in the Middle East and Central Asia while exploring high-potential markets [13] Group 2: Carbon Neutrality and Environmental Initiatives - The company is involved in a carbon capture and utilization project that can reduce CO2 emissions by approximately 180,000 tons annually [2] - The company has launched its first offshore carbon capture project in South China, contributing to its carbon neutrality goals [2] - The company is committed to developing CCUS technology and expanding its applications to enhance its competitive edge in this field [2][9] Group 3: Financial Management and Market Response - The company implemented a share buyback program from April to December 2024 to manage its market value [3] - The company's revenue and net profit showed fluctuations in 2024 due to a decrease in new orders and project delays caused by unforeseen factors [5] - The company maintains a reasonable debt-to-asset ratio within the industry and has plans to ensure stable cash flow [29] Group 4: Technological Advancements and R&D - The company is focusing on smart oilfield and digital twin technologies to optimize production and reduce risks [4] - The company has developed a cloud-based IoT platform to enhance service quality and reduce implementation costs [14] - The company is actively investing in R&D for new materials and intelligent engineering to improve its competitive position [14] Group 5: Governance and Investor Relations - The company emphasizes transparency and compliance with regulations to protect shareholder interests [5] - The management is aware of the stock price and is taking measures to boost investor confidence [3] - The company has established a market management system to enhance investor relations and communication [3]