Group 1: Company Overview and Market Position - Jilin Jin Guan Electric Co., Ltd. focuses on three main business areas: smart grid equipment, new energy charging and swapping facilities, and energy storage [2][12] - The company has developed a comprehensive range of charging products, covering power outputs from 3.5 kW to 800 kW, applicable in various sectors including new energy vehicles and heavy trucks [2][3] - Jin Guan Electric is one of the few companies in Northeast China capable of manufacturing medium-voltage gas-insulated switchgear and has a leading position in the industry for its electrification, automation, and digitalization solutions [6][12] Group 2: Financial Performance and Goals - The company aims to enhance operational management, increase R&D investment, and improve market share to strengthen profitability in 2025 [8][10] - Specific financial data will be disclosed in regular reports, emphasizing the commitment to transparency and investor confidence [2][8] Group 3: International Expansion and Projects - The company is actively exploring international markets, particularly in Russia, where it has participated in major industrial exhibitions to understand market demands [10][11] - As of now, no formal contracts have been signed for the "Life Supply Line" project in Russia, but the company remains committed to pursuing this opportunity [10][11] Group 4: Product Innovations and Developments - The company has developed a liquid-cooled charging product with a maximum power of 1,440 kW, designed for various applications including large shopping malls and public transport stations [3][4] - The "Lingdong" series of autonomous charging robots is currently in the promotion phase, with an annual production capacity of 15,000 units [5][10] Group 5: Investor Relations and Communication - The company emphasizes transparent communication with investors, addressing concerns and questions during investor meetings [1][2] - Continuous efforts are made to enhance investor relations through timely responses to market concerns and proactive information disclosure [2][8]

Core Points - The company reported a net profit attributable to shareholders of RMB -333,002,380.13 for the year 2024, indicating a negative profit distribution situation [80][84][81] - The board of directors approved a profit distribution plan for 2024, which includes no cash dividends, no stock dividends, and no capital reserve transfers [26][60][84] - The company continues to focus on its strategic business areas, including smart power grid equipment, new energy charging and swapping, and energy storage [4][10] Financial Overview - The company has not changed its accounting firm, continuing with Zhongqin Wanxin Accounting Firm, which provided a standard unqualified audit opinion for the financial report [2][32] - The company reported a negative retained earnings of RMB -914,031,312.76 as of December 31, 2024, reflecting ongoing financial challenges [80][84] - The company plans to maintain its internal control systems effectively, as indicated in the internal control self-evaluation report [29][63] Business Operations - The main business segments include smart grid equipment, new energy charging and swapping facilities, and energy storage solutions, with no significant changes in operations during the reporting period [4][10] - The company operates 1,345 charging stations across various regions, with a focus on becoming a leading operator of centralized fast charging networks in China [9][10] - The company has introduced various products in the new energy sector, including electric vehicle charging equipment and intelligent power distribution systems [7][10] Governance and Compliance - The board and supervisory board meetings were conducted in compliance with legal regulations, with all members present [15][52] - The company has established a robust internal control system, ensuring compliance with relevant laws and regulations [29][63] - The independent directors confirmed their independence and lack of conflicts of interest with the company [36][38]