Group 1: Company Performance and Growth - In 2024, the company achieved a revenue of 1,262.40 million yuan, representing an 18.06% year-on-year growth [1] - The growth is attributed to business structure optimization, focusing on strategic customers and core products [1] - Significant market share increases were noted in product lines such as fans, dehumidifiers, electric heaters, humidifiers, and mobile air conditioners [2] Group 2: New Business Ventures - The company made breakthroughs in new business areas, particularly in automotive electronics, successfully producing innovative smart controllers for balance bikes and skateboards [2] - Expansion into the smart home sector includes the production of smart aquariums and pet feeders, contributing to diversified business growth [2] - The establishment of the first overseas production base in Vietnam is set to enhance production capacity and efficiency [2] Group 3: Research and Development - The company is investing in AI technologies, focusing on areas like AI models, smart visual perception, and digital twins [2] - R&D expenses in 2024 reached 82.82 million yuan, marking a 9.01% increase [5] - The company aims to enhance product lines and meet growing market demands through continuous R&D investment [2] Group 4: Strategic Plans and Market Positioning - The company plans to implement five strategic pillars to optimize business structure and enhance operational efficiency by 2025 [3] - Mergers and acquisitions are considered essential for optimizing asset structure and extending the industry chain [3] - A cash dividend of 3.00 yuan per 10 shares was approved for distribution to shareholders, reflecting the company's commitment to shareholder returns [4] Group 5: Cost Management and Profitability - Management expenses increased by 33.04% to 112.67 million yuan due to organizational changes and talent acquisition [5] - Sales expenses rose by 7.65% to 29.79 million yuan, driven by participation in major exhibitions to enhance brand visibility [5] - The company is implementing cost reduction and efficiency improvement measures to enhance profitability [5]

Group 1: Business Performance and Growth - The company's revenue in the new business sectors reached 216.23 million yuan in 2024, marking a year-on-year growth of 63.03% [1] - In Q1 2025, the company's performance growth rate reached 37.22%, indicating a strong development momentum [5] - The traditional home appliance smart control sector's proportion has decreased, while the new sectors such as electric motors, automotive electronics, and smart energy are gradually increasing, becoming new engines for growth [6] Group 2: Strategic Initiatives - The company has established a 1+3+N industrial structure, focusing on smart control for home appliances while promoting rapid growth in new sectors [2] - The company is actively exploring diversified business layouts in medical health, pet technology, low-altitude flight, and smart home industries [1] - A strategic partnership with Shunde Vocational and Technical College has been formed to leverage academic resources for technological advancements in robotics [2] Group 3: Global Expansion - The company opened its first overseas production base in Vietnam in August 2024, marking the establishment of a three-pole production layout in the Pearl River Delta, Yangtze River Delta, and Southeast Asia [3][4] - The Vietnam base has received high praise from clients and has accelerated production capacity release, supporting the company's international strategy [4] Group 4: Response to Market Conditions - The company benefits from national subsidy policies that promote growth in the home appliance sector, which in turn boosts sales of smart control products [5] - To mitigate the impact of rising raw material costs, the company has enhanced cost management and implemented risk hedging mechanisms [6] - The company is committed to digital transformation and optimizing production processes to improve efficiency and reduce costs [6] Group 5: Future Outlook - The company aims to continue its strategic initiatives, focusing on innovation, digital empowerment, and global market expansion to enhance operational efficiency [6] - The goal is to create greater value for shareholders and provide long-term stable returns for investors [6]